For Sale · Shreveport - Bossier City, LA is located 75 miles south by partially completed . I-49/Hwy 71. Eventually I-49 will connect New Orleans, LA to Kansas City, MO going right

For Sale

305 Redwater Road

Redwater, TX

$299,000.00

6004 Summerfield Drive, Ste B

Texarkana, Texas 75503

www.schimmingcompany.com

Phone: 903-794-3606

Fax: 903-793-1309

E-mail:

[email protected]

LANDON HUFFER

EXECUTIVE BROKER

The above information was obtained from sources believed reliable; however, Schimming Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property for sale, rent or exchanges is submitted subject to

errors, omissions, change of price or conditions, prior sale or lease or withdrawal without notice.

18,000 SF 10,500 SF heated 7,500 SF for storage Great condition One 8’ x 10’ overhead door 12’ eave height One bathroom Point of sale in place Office space in place 1 acre High traffic count Built in 1985 Four separate warehouse spaces Only $16.61 / SF

I. AERIAL PHOTOGRAPH

II. PROPERTY INFORMATION

III. CITY AND AREA INFORMATION

IV. LOCATION MAPS

V. DEMOGRAPHICS

VI. DISCLAIMER AGENCY DISCLOSURE

TABLE OF CONTENTS

305 REDWATER ROAD

REDWATER, TX.

AERIAL OVERVIEW

305 REDWATER ROAD TEXARKANA, TX

PROPERTY INFORMATION

590 N. KINGS HWY

TEXARKANA, TEXAS


305 REDWATER ROAD

TEXARKANA, TX

LOCATION: 305 Redwater Rd. Redwater, TX. Large warehouse shop. Sits on 1.00 acres. Fronts

Highway 67.

TRAFFIC: According to the Texarkana Metropolitan Planning Organization (MPO) traffic counts

are about 8,000 cars per day (2012) study.

ZONING: C (Commercial)

MAJOR AREA

BUSINESSES: Red River Army Depot, International Paper, Domtar, Cooper Tire, Christus St. Michael,

Wadley Hospital, and TexAmericas Center.

TRAFFIC

GENERATORS: Traffic generators will include travel to and from work, school, and shopping/dining/

entertainment.

The new Texas A&M University at Texarkana (TAMU) located at Bringle Lake northwest of the subject

property will provide further growth opportunities for the Texarkana area. The 375 acre campus’ first

phase, a 42,000 sq. ft. Science & Technology Building was completed in 2008 and the new four story

183,000 sq. ft. University Center was completed in July, 2010.

TAMU-T Science and Technology Building and University Center


the new Arkansas Convention Center was completed in August 2013. Arkansas Convention Center offers luxurious accommodations, along with flexible meeting and gathering rooms to meet your

every need. Whether your event includes ten people or hundreds of people, Arkansas Convention Center will be the premier location to make the event memorable. Arkansas Convention Center is located in central Texarkana, right off I-30. It is easily accessible to dining, lodging and shopping in the Texarkana area.

The new Texarkana Convention Center with more than 25,000 square feet of available space for

weddings, community celebrations and nonprofit functions to seminars, conferences, corporate

retreats and training, the Texarkana Convention Center will be the ultimate green-friendly

gathering space for social gatherings and business events alike.


CITY AND AREA INFORMATION

TEXARKANA,

USA: Texarkana, TX - Texarkana, AR MSA is a two-county region anchored by the

twin cities of Texarkana, Texas and Texarkana, Arkansas, and encompassing the

surrounding communities in Bowie County, Texas and Miller County, Arkansas.

As of the 2010 census, the MSA had a population of 136,027.

Texarkana is a major transportation hub being centrally located between Dallas -

Ft. Worth (175 miles west) and Little Rock, AR (150 miles east) on I-30.

Shreveport - Bossier City, LA is located 75 miles south by partially completed

I-49/Hwy 71. Eventually I-49 will connect New Orleans, LA to Kansas City,

MO going right through Texarkana. The projected I-69 corridor would connect

Laredo, TX to Houston, TX and eventually to the Canadian border via

Indianapolis and shows Texarkana as either part of the primary route or as a spur.

Other major transportation routes going through Texarkana included US 59, US

67, US 71, US 82 and Texas State Hwy Loop 151 and Arkansas Loop 245.

Multiple transportation projects have been completed to expand Texarkana’s

capabilities to handle the ever growing amount of traffic and to relieve strain on

the I-30 exits and frontage roads. The frontage roads on both the north and south

sides of I-30 were converted from two-way to one-way west on the north side of I

-30 and one-way east on the south side from the Nash, TX exit on the west side of

Texarkana, TX to the Jefferson St., exit in Texarkana, AR. This has relieved

much of the congestion that has plagued the frontage roads and various

I-30 overpasses.

In the past few years, Texarkana has had a great deal of commercial activity

particularly with new hotel brands, numerous restaurants and retail activity. In

recent years new restaurants include On The Border, Olive Garden, Cracker

Barrel, Johnny Carino’s, Outback Steakhouse, Texas Roadhouse, Applebee’s,

Longhorn Steakhouse, Red Lobster, McAlister’s, Copeland’s, Buffalo Wild

Wings, Genghis Grill and Ruby Tuesday’s. Hotels that have recently located in

Texarkana include Fairfield Inn & Suites by Marriott, Hampton Inn and Suites,

Holiday Inn Express, Candlewood Suites, TownePlace Suites by Marriott,

Comfort Suites, Country Inn & Suites and Courtyard by Marriott. The 20,000

square foot Texarkana Convention Center, with a 12,000 square foot ballroom

was completed in October, 2012. The 25,000 square foot Arkansas Convention

Center Texarkana, completed in August 2013, is located in central Texarkana,

right off I-30 and has a 10,000 square foot ballroom. Adjacent to the Arkansas

Convention Center is Holiday Springs Water Park. According to Forbes,

Texarkana is predicted to increase 28.57% in GMP in 2012 making Texarkana

the second fastest growing small metro area in the country. Texarkana is a

regional hub for cities in Southwest Arkansas, Northeast Texas, Northwest

Louisiana and Southeast Oklahoma.

Lake Wright Patman:

The U.S. Army Corps of Engineers maintains nine parks around Wright Patman Lake. These parks

provide lake access for boating, swimming and fishing as well as camping, picnicking, hiking,

equestrian trails and other outdoor activities. Atlanta State Park is also located on the south shore of

the lake. Surface area is 20,300 acres.

Lake Millwood:

Lake Millwood is mainly recognized for its beauty and fishing. There are 15 recreational parks around

the lake to provide campers with picnic areas, boat ramps, swimming areas, showers and restrooms.

Millwood is a superb place to fish, mainly due to its 35,000 acres (14,000 ha) of submerged timber

that make excellent homes for the many varieties of fish in the lake. Millwood has also been know as

one of the best bass fishing lakes in the United States. Every year it is home of many bass fishing

tournaments and fishing derbies, all in search of Millwood’s lunker largemouth bass.


AREA LAKES AND RECREATION

Golf Ranch:

The Texarkana Golf Ranch in Texarkana, Texas sits on the banks of the 600 acre Bringle Lake across

from Texas A&M University - Texarkana. Known as one of the premier championship golf courses in

the United States, Texarkana Golf Ranch layout has extraordinary 50” elevation changes and

breathtaking vistas. Host of many corporate and special events, including AJGA and Tightlies

Tournaments, Texarkana Golf Ranch is a golf course that will challenge the best of all touring

professionals while still providing fun.

Texarkana Country Club:

Texarkana Country Club began in 1914 with a nine-hole golf course with sand greens. The

membership chose the prestigious architectural firm of Langford and Moreau from Chicago to design

the current golf course in 1922. Mr. Langford is best know for his style of deep bunkers and sloping

greens. After a renovation in the spring of 2000, the challenging layout now measures 6,935 yards

from the championship tees but has definitely retained the flavor of its original design. Maintained in

“tournament condition” throughout the year, TCC has hosted numerous state amateur events. Other

events include the prestigious Mid-South Cup Matches, the National Youth Classic and six Ben Hogan/

Nike Tour events for the PGA tour. Our cherished history includes golfing legend Byron Nelson who

served as Club Pro in 1934 prior to his outstanding career on the PGA Tour. Mr. Nelson would always

practice on the TCC track prior to the Masters tournament referring to it as “Little Augusta” due to the

many similarities between the courses.



North Ridge Country Club:

Nestled on 160 secluded acres of gentle rolling hills and surrounded by statuesque pines and

hardwoods, Northridge Country Club’s recently renovated 6,525 yard par 71 golf course proves to

be challenging for all levels of golfers. Dramatic elevation changes, dogleg fairways and several

lakes and creeks coming in to play combine to make the course demand accurate shots off the tee.



REGIONAL MAP

Texarkana is the hub of Northeast Texas, Southwest Arkansas, Northwest Louisiana, and Southeast

Oklahoma. Texarkana lies on Interstate 30 halfway between Dallas and Little Rock, on Interstate 49 corridor

halfway between new Orleans and Kansas City, and on Interstate 69 corridor about a third of the way

between Brownsville, Texas and Canada. Both Interstates 49 and 69 are designated NAFTA highways.

CITY MAP OF TEXARKANA TX / AR

Executive Summary305 Redwater Blvd E, Texarkana, Texas, 75501 Prepared by Alan SchimmingRings: 1, 3, 5 mile radii Latitude: 33.366592133

Longitude: -94.24486663

1 mile 3 miles 5 milesPopulation

2000 Population 913 2,817 4,585

2010 Population 880 2,748 4,639

2013 Population 916 2,858 4,848

2018 Population 960 2,991 5,094

2000-2010 Annual Rate -0.37% -0.25% 0.12%

2010-2013 Annual Rate 1.25% 1.21% 1.36%

2013-2018 Annual Rate 0.95% 0.91% 0.99%2013 Male Population 50.0% 50.1% 49.9%2013 Female Population 50.0% 49.9% 50.1%2013 Median Age 39.7 39.9 40.1

In the identified area, the current year population is 4,848. In 2010, the Census count in the area was 4,639. The rate of change since 2010was 1.36% annually. The five-year projection for the population in the area is 5,094 representing a change of 0.99% annually from 2013 to2018. Currently, the population is 49.9% male and 50.1% female.

Median Age

The median age in this area is 40.1, compared to U.S. median age of 37.3.

Race and Ethnicity2013 White Alone 92.9% 92.3% 92.3%

2013 Black Alone 4.4% 4.5% 4.5%2013 American Indian/Alaska Native Alone 0.5% 0.5% 0.6%2013 Asian Alone 0.2% 0.3% 0.4%2013 Pacific Islander Alone 0.0% 0.0% 0.0%2013 Other Race 0.5% 0.8% 0.8%2013 Two or More Races 1.4% 1.5% 1.4%2013 Hispanic Origin (Any Race) 2.1% 2.3% 2.5%

Persons of Hispanic origin represent 2.5% of the population in the identified area compared to 17.4% of the U.S. population. Persons ofHispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be fromdifferent race/ethnic groups, is 18.8 in the identified area, compared to 62.1 for the U.S. as a whole.

Households

2000 Households 319 993 1,6422010 Households 318 1,000 1,7012013 Total Households 332 1,043 1,7812018 Total Households 348 1,093 1,8732000-2010 Annual Rate -0.04% 0.07% 0.35%2010-2013 Annual Rate 1.32% 1.30% 1.43%2013-2018 Annual Rate 0.96% 0.94% 1.01%2013 Average Household Size 2.76 2.74 2.72

The household count in this area has changed from 1,701 in 2010 to 1,781 in the current year, a change of 1.43% annually. The five-yearprojection of households is 1,873, a change of 1.01% annually from the current year total. Average household size is currently 2.72,compared to 2.73 in the year 2010. The number of families in the current year is 1,380 in the specified area.

September 24, 2014

©2014 Esri Page 1 of 2

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018. Esri converted Census 2000 data into 2010 geography.

Executive Summary305 Redwater Blvd E, Texarkana, Texas, 75501 Prepared by Alan SchimmingRings: 1, 3, 5 mile radii Latitude: 33.366592133

Longitude: -94.24486663

1 mile 3 miles 5 milesMedian Household Income

2013 Median Household Income $50,550 $48,683 $50,0002018 Median Household Income $60,035 $61,177 $63,6702013-2018 Annual Rate 3.50% 4.67% 4.95%

Average Household Income

2013 Average Household Income $61,373 $64,309 $66,8472018 Average Household Income $74,441 $79,796 $81,5602013-2018 Annual Rate 3.94% 4.41% 4.06%

Per Capita Income

2013 Per Capita Income $23,499 $24,190 $25,0682018 Per Capita Income $28,469 $30,048 $30,5682013-2018 Annual Rate 3.91% 4.43% 4.05%

Households by Income

Current median household income is $50,000 in the area, compared to $51,314 for all U.S. households. Median household income isprojected to be $63,670 in five years, compared to $59,580 for all U.S. households

Current average household income is $66,847 in this area, compared to $71,842 for all U.S households. Average household income isprojected to be $81,560 in five years, compared to $83,667 for all U.S. households

Current per capita income is $25,068 in the area, compared to the U.S. per capita income of $27,567. The per capita income is projected tobe $30,568 in five years, compared to $32,073 for all U.S. households Housing

2000 Total Housing Units 341 1,057 1,7872000 Owner Occupied Housing Units 260 830 1,3832000 Owner Occupied Housing Units 60 163 2602000 Vacant Housing Units 21 64 144

2010 Total Housing Units 346 1,077 1,8632010 Owner Occupied Housing Units 259 819 1,4072010 Renter Occupied Housing Units 59 181 2942010 Vacant Housing Units 28 77 162



Currently, 76.7% of the 1,908 housing units in the area are owner occupied; 16.6%, renter occupied; and 6.7% are vacant. Currently, inthe U.S., 56.4% of the housing units in the area are owner occupied; 32.3% are renter occupied; and 11.3% are vacant. In 2010, therewere 1,863 housing units in the area - 75.5% owner occupied, 15.8% renter occupied, and 8.7% vacant. The annual rate of change inhousing units since 2010 is 1.07%. Median home value in the area is $126,306, compared to a median home value of $177,257 for the U.S.In five years, median value is projected to change by 10.92% annually to $212,103.

September 24, 2014


Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018. Esri converted Census 2000 data into 2010 geography.

Demographic and Income Profile305 Redwater Blvd E, Texarkana, Texas, 75501 Prepared by Alan SchimmingRing: 1 mile radius Latitude: 33.366592133

Longitude: -94.24486663

Summary Census 2010 2013 2018Population 880 916 960Households 318 332 348Families 239 249 260Average Household Size 2.77 2.76 2.76Owner Occupied Housing Units 259 268 283Renter Occupied Housing Units 59 64 65Median Age 38.9 39.7 40.9

Trends: 2013 - 2018 Annual Rate Area State NationalPopulation 0.94% 1.48% 0.71%Households 0.95% 1.50% 0.74%Families 0.87% 1.43% 0.63%Owner HHs 1.10% 1.84% 0.94%Median Household Income 3.50% 4.00% 3.03%

2013 2018 Households by Income Number Percent Number Percent

<$15,000 50 15.1% 46 13.2%$15,000 - $24,999 35 10.5% 25 7.2%$25,000 - $34,999 25 7.5% 19 5.5%$35,000 - $49,999 53 16.0% 41 11.8%$50,000 - $74,999 82 24.7% 84 24.1%$75,000 - $99,999 43 13.0% 68 19.5%$100,000 - $149,999 33 9.9% 48 13.8%$150,000 - $199,999 4 1.2% 6 1.7%$200,000+ 7 2.1% 11 3.2%

Median Household Income $50,550 $60,035Average Household Income $61,373 $74,441Per Capita Income $23,499 $28,469

Census 2010 2013 2018 Population by Age Number Percent Number Percent Number Percent

0 - 4 58 6.6% 59 6.4% 61 6.4%5 - 9 61 6.9% 62 6.8% 62 6.5%10 - 14 65 7.4% 64 7.0% 65 6.8%15 - 19 73 8.3% 62 6.8% 59 6.2%20 - 24 46 5.2% 58 6.3% 52 5.4%25 - 34 99 11.2% 99 10.8% 114 11.9%35 - 44 112 12.7% 117 12.8% 115 12.0%45 - 54 137 15.6% 140 15.3% 130 13.6%55 - 64 119 13.5% 123 13.4% 137 14.3%

65 - 74 68 7.7% 88 9.6% 110 11.5%75 - 84 33 3.7% 33 3.6% 41 4.3%

85+ 10 1.1% 11 1.2% 12 1.3%Census 2010 2013 2018

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 821 93.3% 851 92.9% 884 92.1%Black Alone 37 4.2% 40 4.4% 44 4.6%American Indian Alone 5 0.6% 5 0.5% 6 0.6%Asian Alone 2 0.2% 2 0.2% 3 0.3%Pacific Islander Alone 0 0.0% 0 0.0% 0 0.0%Some Other Race Alone 4 0.5% 5 0.5% 6 0.6%Two or More Races 11 1.3% 13 1.4% 17 1.8%

Hispanic Origin (Any Race) 16 1.8% 19 2.1% 23 2.4%Data Note: Income is expressed in current dollars.

September 24, 2014


Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018.


Longitude: -94.24486663

AreaStateUSA

Trends 2013-2018

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

4

3.5

3

2.5

2

1.5

1

0.5

0

20132018

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Per

cent

1514131211109876543210

2013 Household Income

<$15K15.1%

$15K - $24K10.5%

$25K - $34K7.5%

$35K - $49K16.0%

$50K - $74K24.7%

$75K - $99K13.0%

$100K - $149K9.9%

$150K - $199K1.2%

$200K+2.1%

2013 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2013 Percent Hispanic Origin: 2.1%

September 24, 2014




Longitude: -94.24486663

Summary Census 2010 2013 2018Population 2,748 2,858 2,991Households 1,000 1,043 1,093Families 770 800 835Average Household Size 2.75 2.74 2.74Owner Occupied Housing Units 819 848 894Renter Occupied Housing Units 181 195 199Median Age 39.3 39.9 40.5



<$15,000 168 16.1% 155 14.2%$15,000 - $24,999 116 11.1% 84 7.7%$25,000 - $34,999 96 9.2% 76 7.0%$35,000 - $49,999 151 14.5% 124 11.3%$50,000 - $74,999 204 19.6% 199 18.2%$75,000 - $99,999 141 13.5% 214 19.6%$100,000 - $149,999 116 11.1% 168 15.4%$150,000 - $199,999 18 1.7% 27 2.5%$200,000+ 32 3.1% 47 4.3%



0 - 4 184 6.7% 184 6.4% 191 6.4%5 - 9 181 6.6% 192 6.7% 197 6.6%10 - 14 210 7.6% 196 6.9% 203 6.8%15 - 19 219 8.0% 197 6.9% 180 6.0%20 - 24 142 5.2% 177 6.2% 164 5.5%25 - 34 303 11.0% 314 11.0% 364 12.2%35 - 44 352 12.8% 355 12.4% 358 12.0%45 - 54 464 16.9% 452 15.8% 403 13.5%55 - 64 364 13.2% 400 14.0% 451 15.1%

65 - 74 204 7.4% 258 9.0% 324 10.8%75 - 84 97 3.5% 103 3.6% 121 4.0%

85+ 29 1.1% 30 1.0% 34 1.1%Census 2010 2013 2018

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 2,551 92.8% 2,639 92.3% 2,732 91.3%Black Alone 120 4.4% 129 4.5% 142 4.7%American Indian Alone 13 0.5% 14 0.5% 17 0.6%Asian Alone 8 0.3% 10 0.3% 14 0.5%Pacific Islander Alone 1 0.0% 1 0.0% 1 0.0%Some Other Race Alone 20 0.7% 23 0.8% 30 1.0%Two or More Races 36 1.3% 42 1.5% 55 1.8%


September 24, 2014




Longitude: -94.24486663

AreaStateUSA

Trends 2013-2018


Annual

Rat

e (i

n p

erce

nt)

4.5

4

3.5

3

2.5

2

1.5

1

0.5

0

20132018

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Per

cent

14

12

10

8

6

4

2

0


<$15K16.1%

$15K - $24K11.1%$25K - $34K

9.2%

$35K - $49K14.5%

$50K - $74K19.6%

$75K - $99K13.5%

$100K - $149K11.1%

$150K - $199K1.7%

$200K+3.1%



Perc

ent

90

80

70

60

50

40

30

20

10

0


September 24, 2014




Longitude: -94.24486663

Summary Census 2010 2013 2018Population 4,639 4,848 5,094Households 1,701 1,781 1,873Families 1,321 1,380 1,445Average Household Size 2.73 2.72 2.72Owner Occupied Housing Units 1,407 1,464 1,549Renter Occupied Housing Units 294 317 324Median Age 39.5 40.1 40.8



<$15,000 273 15.3% 250 13.3%$15,000 - $24,999 188 10.6% 135 7.2%$25,000 - $34,999 179 10.1% 137 7.3%$35,000 - $49,999 251 14.1% 206 11.0%$50,000 - $74,999 337 18.9% 327 17.5%$75,000 - $99,999 248 13.9% 380 20.3%$100,000 - $149,999 203 11.4% 302 16.1%$150,000 - $199,999 40 2.2% 54 2.9%$200,000+ 63 3.5% 81 4.3%



0 - 4 302 6.5% 304 6.3% 318 6.2%5 - 9 310 6.7% 321 6.6% 328 6.4%10 - 14 359 7.7% 338 7.0% 343 6.7%15 - 19 358 7.7% 334 6.9% 313 6.1%20 - 24 236 5.1% 293 6.0% 280 5.5%25 - 34 508 10.9% 529 10.9% 614 12.1%35 - 44 603 13.0% 614 12.7% 615 12.1%45 - 54 774 16.7% 761 15.7% 691 13.6%55 - 64 616 13.3% 684 14.1% 765 15.0%

65 - 74 360 7.8% 437 9.0% 551 10.8%75 - 84 165 3.6% 181 3.7% 218 4.3%

85+ 50 1.1% 52 1.1% 58 1.1%Census 2010 2013 2018

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 4,304 92.8% 4,474 92.3% 4,651 91.3%Black Alone 203 4.4% 219 4.5% 242 4.8%American Indian Alone 24 0.5% 28 0.6% 33 0.6%Asian Alone 15 0.3% 19 0.4% 26 0.5%Pacific Islander Alone 1 0.0% 1 0.0% 2 0.0%Some Other Race Alone 34 0.7% 40 0.8% 52 1.0%Two or More Races 57 1.2% 67 1.4% 87 1.7%


September 24, 2014




Longitude: -94.24486663

AreaStateUSA

Trends 2013-2018


Annual

Rat

e (i

n p

erce

nt)

4.5

4

3.5

3

2.5

2

1.5

1

0.5

0

20132018

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Per

cent

14

12

10

8

6

4

2

0


<$15K15.3%

$15K - $24K10.5%

$25K - $34K10.0%

$35K - $49K14.1%

$50K - $74K18.9%

$75K - $99K13.9%

$100K - $149K11.4%

$150K - $199K2.2%

$200K+3.5%



Perc

ent

90

80

70

60

50

40

30

20

10

0


September 24, 2014



Documents

For Sale · Shreveport - Bossier City, LA is located 75 miles south by partially completed . I-49/Hwy 71. Eventually I-49 will connect New Orleans, LA to Kansas City, MO going right