Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to extend to qualified investors the opportunity to acquire Sylvan Thirty (the “Property”), a grocery anchored, experiential retail asset in the heart of West Dallas. Lauded as Dallas’ next modern urban district, West Dallas is home to other highly successful retail developments such as Bishop Arts District and Trinity Groves and is home to the future $600 million Harold Simmons Park along the Trinity River.
Sylvan Thirty is connected to the Lofts at Sylvan Thirty, a Class A apartment complex with 201 units, making the Property a dynamic mixed-use environment. Sylvan Thirty is anchored by Cox Farms Market, named “Best Independent Grocery” for 2018 by the Dallas Observer and is home to many other highly successful boutique dining and shopping destinations. The Property was built in 2014 by renowed Texas architect Lake Flato, a former American Institute of Architects “Firm of the Year” award winner, giving the Property a modern appearance suitable for the thriving neighborhood it is located in. The acquisition of Sylvan Thirty would allow an investor to acquire a once-in-a-generation retail asset that serves as one of West Dallas’s primary consumer destinations and catalysts for growth.
2
47,539SQUARE FEET LEASED YEAR BUILT 5-MILE
POPULATION
80% 2014 367,906
3
GROCERY ANCHORED, MIXED-USE ASSET
Anchored by Cox Farms Market, named by Dallas Observer as the city’s best independent grocer
Location adjacent to Lofts at Sylvan Thirty provides built-in customer base for retailers
Flexible, modern space configurations make Sylvan Thirty highly attractive and adaptable in
today’s rapidly changing retail world
INVESTMENT HIGHLIGHTS
IRREPLACEABLE EXPERIENCE VIA INTERNET-RESISTANT, BOUTIQUE TENANCY
Tenancy has been highly curated with an emphasis on service-based retailers and restaurants, rendering Sylvan Thirty an
experiential retail asset that is impossible to replicate
Average tenant sales in excess of $400 PSF with food tenants in excess of $1,000 PSF
4
DOORSTEP OF KESSLER PARK
Located adjacent to the highly affluent and historic Kessler Park neighborhood
(avg. home list price of $700,000), Sylvan Thirty is in the epicenter of Dallas’ rapidly evolving urban revival
Exposure to 157,000 VPD on neighboring streets (I-30 and Sylvan Ave.)
LESS THAN TWO MILES FROM UPTOWN AND DOWNTOWN DALLAS
Sylvan Thirty is ideally positioned to capitalize on affluent demographics in Dallas / Fort Worth’s
most densely populated area
200,000 daytime employees in Uptown & Downtown Dallas
RAPIDLY EVOLVING DEMOGRAPHICS
As more than $1 billion of public and private investments pour into the area, Sylvan Thirty’s immediate vicinity will continue
to undergo a massive positive shift
3-MILE DEMOGRAPHICS
Population (2018) 132,772Population (2022) 142,350% Growth (2018-2022) 8.90%Average HH Income $80,111Median Age 33
30
����
��������������
������
��������
�����������
KESSLER PARKAverage Home ListPrice of $700,000
HAROLD SIMMONS PARK($600M Development)
THE CEDARS
PIKE WESTCOMMERCE APARTMENTS
OAK FARMS DAIRY PROPOSED MIXED-USE REDEVELOPMENT
LOFTS AT SYLVAN THIRTY
ALTA YORKTOWNAPARTMENTS
UPTOWN DALLAS
MARGARET HUNT HILL BRIDGEMARGARET MCDERMOTT BRIDGE
CYPRESS ATTRINITY GROVES
APARTMENTSBROADSTONE LTD
APARTMENTS
ALEXAN WEST DALLAS APARTMENTS
MAGNOLIA OFFSYLVAN APARTMENTS
HOME VALUES OF$1 MILLION+
�������������������
������������������
7-Eleven Flagship Store(Under Construction)
6
WEST DALLASDFW’S NEWEST URBAN DISTRICTCATALYST FOR WEST DALLAS GROWTH ALONGSIDE TRINITY GROVES AND BISHOP ARTS DISTRICT
Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’ major economic and population growth in recent years
$30M IN CITY OF DALLAS INFRASTRUCTURE INVESTMENT IN WEST DALLAS
The City of Dallas is in the midst of a major capital project that will bring $30 million of roadway, water, wastewater, and stormwater drainage improvements to West Dallas
$1B IN NEW PRIVATE DEVELOPMENT IN WEST DALLAS; 15,000 APARTMENT UNITS AT FULL BUILDOUT
Major single family and apartment developers such as Lincoln Property Company, Alliance Residential, Crescent Communities, and Wood Partners are making major investments in the continued growth of the West Dallas area
DOWNTOWN PERIPHERAL URBAN DISTRICT AKIN TO THE CEDARS, DEEP ELLUM, KNOX/UPTOWN, AND DESIGN DISTRICT
Live/work/play environment and boutique retail attractions allow West Dallas to thrive as one of intown Dallas’ most unique urban districts
7
DALLAS, TEXASULI’S #1 CITY FOR REAL ESTATE INVESTMENT FOR 2019
3.6% UNEMPLOYMENT RATE, BELOW NATIONAL AVERAGE
DFW’S DIVERSE & ROBUST ECONOMY LED THE NATION IN JOB CREATION FOR 2016 & 2017
FROM 2018 TO 2022, THE DALLAS / FORT WORTH MSA IS EXPECTED TO RANK FIRST IN POPULATION GROWTH AND SECOND IN JOB GROWTH ACCORDING TO OXFORD ECONOMICS
NO. 1 ECONOMIC CLIMATE IN THE UNITED STATES (FORBES)
DFW WAS RANKED #1 OF ULI’S EMERGING TRENDS TOP MARKETS TO WATCH IN 2019
8
FORT W
ORTH AVE
SYLVAN AVE
TO
M L
AN
DR
Y F
WY
- 135
,00
0+
VP
D
30
BUILDING FSECOND FLOOR
C100
A100
G120
G100
H300H140H130H100
H11
0
H120
G150
D150
D100 E150
E100
E120F140
F100
F120
F150
F200
F250
C150
B100
22,000+ VPD
C120
BUILDING HH120 Available 1,024H140 Craft Salon 3,557H300 Apartment Leasing 3,479H130 Available 1,355H110 Arnold Brothers Cleaners 700H100 Available 1,616
TOTAL 11,731BUILDING AA100 Origins Bank 2,649
TOTAL 2,649BUILDING BCC100 Banh Mi Station 1,440C120 Available 1,660C150 AT&T 2,651B100 Vernacular 1,292
TOTAL 7,043
BUILDING TENANT SPACE SF
BUILDING DD100 Cibodivino Gourmet Market 4,348D150 Shaynah's Place 1,553
TOTAL 5,091BUILDING EE120 Taco Deli 2,662E150 Houndstooth Coffee 2,177
TOTAL 4,839BUILDING FF140 Pink Pedi 700F120 Whisk Crepes Cafe 645F100 Ten 700F150 Juiceland 1,342F250 Available 2,245F200 Available 1,643
TOTAL 7,275
BUILDING TENANT SPACE SF
BUILDING GG150 Cooper’s Meat Market 3,100G100 Cox Farms Market 8,000
TOTAL 11,100
BUILDING TENANT SPACE SF
Available
Occupied
9
CONTACTSAARON JOHNSON
Director
469.232.1987
RYAN SHORE
Managing Director
469.232.1919
ROSS CRAWFORD
Analyst
214.692.4712
DE’ON COLLINS
Senior Director
469.232.1953
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
DEBT CONTACTANALYST SUPPORT