RANGE CREEK RANCH FOR SALE Creek Ranch... · DFW RECREATIONAL RANCH ... according to Residential Strategies, Inc. in Dallas. Production builders are looking further afield to secondary

METHODS CHANGE. PRINCIPLES ENDURE. SERVICE & INTEGRITY SINCE 1914.

OFFERING MEMORANDUM

R E C R E A T I O N A L R A N C H O R L A N D I N V E S T M E N T O P P O R T U N I T Y • 1 6 7 . 9 3 A C R E S • C O L L I N S V I L L E , T X

RANGE CREEK RANCH

LAND ADVISORY GROUP

CHRIS BURROWVice President

p 972.419.4094

m 214.244.5047e [email protected]

DILLON COOKAssociate

p 972.386.1462

m 214.738.3857

e [email protected]

FOR SALE

SE

Disclaimer

THE FOLLOWING INFORMATION IS FROM SOURCES BELIEVED TO BE RELIABLE, BUT HENRY S. MILLER BROKERAGE,

LLC HAS NOT VERIFIED THE ACCURACY OF THE INFORMATION. HENRY S. MILLER BROKERAGE, LLC MAKES NO

GUARANTEE, WARRANTY OR REPRESENTATION AS TO THE INFORMATION, AND ASSUMES NO RESPONSIBILITY FOR

ANY ERROR, OMISSION OR INACCURACY. THE INFORMATION IS SUBJECT TO THE POSSIBILITY OF ERRORS,

OMISSIONS, CHANGES OF CONDITION, INCLUDING PRICE OR RENTAL, OR WITHDRAWAL WITHOUT NOTICE. ANY

PROJECTIONS, ASSUMPTIONS OR ESTIMATES ARE FOR ILLUSTRATIVE PURPOSES ONLY. RECIPIENTS SHOULD

CONDUCT THEIR OWN INVESTIGATION.

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Table of ContentsR a n g e C r e e k R a n c hDFW R ECR E AT IO N AL R AN CH

IN V ESTM ENT O P P O RTUNIT Y

3

1. EXECUTIVE SUMMARY

PROPERTY OVERVIEW ………………………………………………………………………….………………………………………………… 5-9

DRIVE TIME OVERVIEW ………………………………………………………………………….………………………………………………… 10

2. MARKET OVERVIEW

INVESTMENT MERITS ………………………………………………………………………….………………………………………………… 12-14

COUNTY ATTRACTION ………………………………………………………………………….………………………………………………… 15

TOPOGRAPHIC MAP ………………………………………………………………………….………………………………………………… 16

2. LAND ADVISORY GROUP

ABOUT US ………………………………………………………………………….………………………………………………… 18

CONTACT US ………………………………………………………………………….………………………………………………… 19

EXECUTIVE SUMMARY

1 METHODS CHANGE. PRINCIPLES ENDURE. SERVICE & INTEGRITY SINCE 1914.

4

Executive SummaryPROPERTY OVERVIEW

Executive Summary

Address1220 Hunter RoadCollinsville, TX 76230

County Grayson County

Acres ±167.93

ImprovementsShooting range and outdoor

entertainment area with fire pit

FencingPerimeter 5 wire fence with 7’ high fence

frontage along Hunter Road

Mineral Rights N/A

Elevation Change ±25 Feet

Water Two Seasonal Ponds and Range Creek

Road Access Gravel

Road Frontage ± 2,400 Feet on Hunter Road

For SalePrice Reduced

Please Contact Broker For Details

Other Opportunities6,000 SF Home on Contiguous 10-Acres

Available Separately or Together

Henry S. Miller’s Land Advisory Group is pleased to offer Range Creek Ranch as

a premier land investment/development opportunity located within a short 1-

hour drive from the DFW metroplex. Located northwest of Celina, Texas, Range

Creek Ranch represents a rare opportunity to own a high-quality ranch asset

that is strategically located in the future path of growth with high long-term

appreciation value. Property tours by appointment only with 24-hour notice.

5

R a n g e C r e e k R a n c hDFW R ECR E AT IO N AL R AN CH


Executive SummaryPROPERTY OVERVIEW



6

5 Miles

10 Miles

60 Miles

40 Miles

20 Miles

50 Miles

Drive Time Map

Miles Destination

6.5 Lake Ray Roberts

22 Sherman

31 Frisco

49 Plano

56 DFW International Airport

68 Downtown Dallas

70 Downtown Fort Worth

7

30 Miles

Executive SummaryDRIVE TIME OVERVIEW



LakeRay Roberts

LakeLavon

LakeRay

Hubbard

MARKET OVERVIEW


8

Market OverviewINVESTMENT MERITS

Surrounding Area

Gunter, Texas is located just 9 miles southeast of the property, which is

represented by:

• Population (2015): 2,411

• Subdivisions: The Bridges at Preston Crossings & Golf Club, The Woods of

Preston, Hidden Lakes Ranch and more

Activities at Lake Ray Roberts include:

• 29,000-acre reservoir

• Ray Roberts Lake State Park

• Full-service marina with boat storage and repair shop

• Largemouth Bass Record: 14.07 pounds

The growing city of Prosper, Texas is located 25 miles south of RCR and offers

a vast array of shopping, entertainment, eating and has many new

commercial and residential developments coming online.

Investment Merits

Located 68 miles north of Downtown Dallas, Range Creek Ranch is a

picturesque recreational ranch property that offers a unique feeling of

tranquility located within one-hour from the Dallas/Fort Worth metroplex. RCR

offers families or investors a rare opportunity to acquire a quiet piece of land

with rolling topography and close access to the 29,000- acre Lake Ray Roberts

to the west.

• Surrounded by two large land owners on three sides of the property allows

for an ample amount of privacy

• Partially high-fenced ranch allows for wildlife management

• Property is strategically located in the path of future northern growth

allowing for ideal recreational usage as well as long-term investment

potential

• The custom 6,700 square foot home offers families a 4 bedroom, 4 bathroom

residence to entertain large families and guests

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Gunter, TX


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Economic and Demographic Trends Converge Boosting Dallas/Fort Worth Land Market

(Portion of Article Published in Texas Real Estate Business Magazine Written by Chris Burrow – October 2016)

The booming land market in North Texas reflects a convergence of economic and demographic trends that are resulting in a dramatic expansion of residential communities, new mixed-usedevelopments and the transformation of retail centers across the region. The result is higher land values, shifting land uses and developers, planners, and designers adapting to the evolving lifestyles ofa new generation of workers.

Demand for well - located land parcels across multiple property types is reaping handsome returns for land owners. The land market in Dallas/Fort Worth is experiencing strong transaction volume andrecord prices due to a range of factors:

• Developers are responding to strong housing demand by building new residential communities that are accessible to D/FW employment centers;

• Multifamily construction continues as some 360 people move into the region daily, many not ready for home ownership;

• New mixed use developments are catering to a steady stream of corporations relocating to the area and seeking work settings that provide live/work/eat/play environments.

• Neighborhood grocery stores and restaurants are multiplying to support growing demand, while regional malls are being repurposed as spending habits shift.

These trends have played a major role in the growth of urban centers like Dallas’ CBD, Uptown Dallas and Fort Worth’s West 7th since the recovery began in 2010. But land prices as high as $250 persquare foot in Dallas’ downtown Arts District and Uptown or $50 per square foot in Legacy West don’t necessarily work for every project. As a result, corporate headquarters and regional offices aresprouting up in the suburbs along with mixed use projects they often anchor. And many of those projects are closer to the suburban neighborhoods where employees want to live.

Residential Community Development

Residential community development has accelerated as developers seek to meet housing demand. Per acre prices in Frisco and McKinney have doubled since 2010. But higher lot prices are makingit more difficult to provide affordable, entry level homes, according to Residential Strategies, Inc. in Dallas. Production builders are looking further afield to secondary markets in order to produceaffordable homes. As a result, land transaction volume is high and values continue to increase in those areas.

For example, in the Collin County town of Princeton, Macavity Company of Mesa Arizona recently acquired 860 acres for Whitewing Trails, a master planned community with homes to be priced fromthe low $200’s to low $300’s. In an effort to meet the demand of today’s home buyers, the project will incorporate a trail system, a large club house, community pools, pocket parks with “tot lots,” andathletic fields, according to Lane Spencer, principal of Macavity.

In McKinney, the successful Trinity Falls residential community caters to the next level home buyer with homes priced from the $300’s and up. The 1,700 acre development includes hike and bike trailsand over 450 acres of open space. The project was recently acquired by award winning community developer Johnson Development Corp. of Houston which is planning a major expansion at TrinityFalls in coming months.

Strong demand for new residential development sites in North Texas may continue for some time. Projected annual population growth and employment trends call for between 48,000 and 65,000 newresidential units per year in Dallas/Fort Worth over the next several years. That level is far from being met by current residential building activity which has averaged 26,000 units per year over the pastfour years and is projected to hit 30,000 this year.

With the limited supply of single family homes coming on the market, multifamily construction is taking up the slack and continues at a rapid pace. Multifamily project starts are continuing, in part dueto the shortage in single family housing. But given projected population and employment growth in Dallas/Fort Worth, the multifamily units are being quickly absorbed with current occupancy hoveringat 95%.

With corporate relocations continuing and local companies expanding in a healthy business climate, the pace of new development in Dallas/Fort Worth’s suburban markets continues to be verystrong. WalletHub recently announced the result of their most recent survey of real estate markets across the U.S. Their analysists compared 300 U.S. cities across 16 key metrics to help prospectivehome buyers find the most attractive real estate markets. The result? Frisco, McKinney, Richardson, Allen and Plano are all included in the top ten of the 300 U.S. markets surveyed. With the quality of lifein Dallas/Fort Worth suburban markets attracting national attention and corporate relocations continuing, the current real estate cycle appears to be on course to stay strong well in to 2017 andbeyond.

Da

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s N

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Grayson CountyCooke County

Denton County

Collin County

Future Dallas North Tollway Extension Alignment Scenarios

• Phase 4 & 5 could extend the Tollway by up to 18 miles north of U.S.

380 to the Collin/Grayson county line, providing a link between

downtown and cities in Collin, Denton, and Grayson counties.

• Phase 4: plan to extend the tollway north from U.S. 380 to the

Collin/Grayson county line.

• Phase 5: plan is expected to extend the DNT from the Collin/Grayson

county line to FM 121 in Grayson county

• Estimated Project Cost: TBD

• Opening Date: TBD

Lake

Ray Roberts

FUTURE DALLAS NORTH TOLLWAY ALIGNMENT SCENARIOS

11



: Alignment A

: Alignment B

: Alignment C

(Preferred)

: Alignment D

: Alignment E


Market OverviewCOUNTY ATTRACTION

Grayson County

Grayson County is an attractive community of 121,000 people located

just a few miles outside of Dallas county. Residents enjoy all the amenities

of small town living, but also enjoy the diverse resources of a major

growing metropolitan community surrounding Dallas-Fort Worth. Grayson

has a total area of 979 square miles. U.S. 377 to the west and Texas State

Highway 289 are the two largest north-south though fares, which both

provide access to U.S. 380 to the south and State Highway 82 to the

north.

Located 68 miles north of Dallas and only one hour from downtown,

Grayson County is a community that is surrounded by incredible growth.

Yet Grayson still maintains its small town heritage by adopting

development standards that are flexible enough to meet the challenges

of new urbanism and still preserve what we have that is good. Grayson is

still surrounded by mini-ranches, working agricultural land, rural estate

living and continues to offer small town values with big city access.

The area is comprised of two major cities, Sherman (37,710), Denison

(24,103), and a number of smaller towns and communities such

as Pottsboro (2,098). These communities provide a workforce for several

Fortune 100 and 500 companies including Texas Instruments and Coca-

Cola Bottling Company. Numerous education and training opportunities

exist at local universities; Grayson County College in Denison, Austin

College in Sherman, Southeastern Oklahoma State University in Durant,

Oklahoma, thirty minutes north of Denison and the University of North

Texas and Texas Woman's University, located less than an hours drive west

in Denton, Texas. The county also features Lake Texoma's 650 miles of

the country's most beautiful shoreline, Eisenhower State Park's hike and

bike trails, a historic Downtown Denison and Sherman Main Streets

provide a relaxed quality of life, all just a few minutes drive within the

county.

The Bridges Golf Club – Gunter, TX

Ray Roberts Lake State Park

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Market OverviewTOPOGRAPHIC MAP

661 ft

650 ft

672 ft

651 ft

651 ft

675 ft

Range Creek

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LAND ADVISORY GROUP


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Land Advisory GroupABOUT US

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L A N DA D V I S O R Y

G R O U P

"Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth."

- Theodore Roosevelt

What We Do

Henry S. Miller Company’s Land Advisory Group serves individual,

institutional, public, and private clients acquiring and disposing of

investment and development land. With in-depth market knowledge, our

team provides the expertise to evaluate strategic site needs and highest

and best use of strategic land assets. We also assist in regulatory and

entitlement issues.

As the leader in land brokerage in Texas, we have assisted thousands of

clients in the acquisition and marketing of land to regional, national and

international investors and developers. In partnership with the Miller

Company’s Appraisal and Consulting Division, the Land Advisory Group

also conducts detailed market studies, land valuations and economic

development opportunity analysis for municipalities and governmental

entities.

The Land Advisory Group also works closely with financial institutions in

evaluating real estate owned (REO) properties including conducting

valuations, market analysis, appraisals and dispositions.

Our Approach

We believe solving complex problems is achievable through careful

research and due diligence and by assigning a senior professional to

personally manage each assignment. We approach each challenge as

unique, applying the most effective combination of resources to each

project. We also believe in working collaboratively as a team and

establishing clear lines of communication with our clients.

Where We Work

The real estate professionals in the Land Advisory Group have advised

and consulted on over 500 engagements in 7 states and with 30

combined U.S. markets representing over $1.5 billion in value.

Our advisory team focuses on the following key property asset types in

the Dallas/Fort Worth, North Texas and Southwest U.S. markets:

Who We Are

Land Advisory Group was founded by a specialized team of senior real

estate professionals within Henry S. Miller Company’s Investments Division

and is comprised of individuals with over 100 years of industry experience.

Team members have held executive positions with nationally recognized

real estate firms, with U.S. government agencies and non-profit

organizations.

• Raw land for planned residential and commercial development projects

• Urban and suburban properties and corporate campus sites

• Hospitality, multifamily, retail, and office development sites

• Mixed-Use Urban properties and development sites

• Recreational land and investment properties

• Investment grade land assets positioned for long-term appreciation

Contact Information

16

L A N DA D V I S O R Y

G R O U P

Contact Information

Our Industry experts are here to provide you with the answers you need. Please feel free to contact Henry

S. Miller Brokerage’s Land Advisory Group so that we may further assist you with your real estate needs.

CHRIS BURROW

Vice President

p 972.419.4094


ALEC LUCAS

Associate

p 972.386.1450


DILLON COOK

Associate

p 972.386.1462


www.henrysmiller.com

14001 Dallas Parkway, 11TH Floor, Dallas, TX 75240

T: 972.419.4000

ERIC LEYENDECKER

Associate

p 972.386.1463


17

Documents

RANGE CREEK RANCH FOR SALE Creek Ranch... · DFW RECREATIONAL RANCH ... according to Residential Strategies, Inc. in Dallas. Production builders are looking further afield to secondary