Embed Size (px)
Citation preview
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 1
Southlake Villas Land Sale Package
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 2
The information contained in the following sales package is proprietary and strictly confidential. It is intended to be reviewed
only by the party receiving it from Castle Development Group Inc. and it should not be made available to any other person or
entity without the written consent of Castle Development Group Inc. By taking possession of and reviewing the information
contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further
agrees that recipient will not photocopy or duplicate any part of the sales package. If you have no interest in the subject
property at this time, please return this sales package to Castle Development Group Inc.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to
prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained
herein is not a substitute for a thorough due diligence investigation. Castle Development Group Inc. has not made any
investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the
presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations,
the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant’s plans or intentions to continue its occupancy of the subject property. All potential buyers must take appropriate
measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses
of investigating the subject property.
CONFIDENTIALITY AGREEMENT
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 3
PROPERTY DEVELOPMENT SUMMARY
DEVELOPMENT SUMMARY ........................................................................................................................................................................................................................... 4-5
PROPERTY DESCRIPTION
AERIAL ..................................................................................................................................................................................................................................................................... 6
BIRD’S EYE VIEW .................................................................................................................................................................................................................................................. 7
3D AERIAL .............................................................................................................................................................................................................................................................. 8
AERIAL MAP ........................................................................................................................................................................................................................................................... 9
PLAT ...................................................................................................................................................................................................................................................................... 10
SURVEY ................................................................................................................................................................................................................................................................. 11
CITY APPROVED SITE PLAN .......................................................................................................................................................................................................................... 12
ADDITIONAL CONCEPT SITE PLAN ............................................................................................................................................................................................................. 13
MARKET OVERVIEW
DEMOGRAPHICS SUMMARY REPORT ........................................................................................................................................................................................................ 14
DEMOGRAPHICS ......................................................................................................................................................................................................................................... 15-19
DEMOGRAPHICS MARKET COMPARISON .......................................................................................................................................................................................... 20-21
DEMOGRAPHICS TREND REPORT ........................................................................................................................................................................................................ 22-23
TRAFFIC COUNT REPORT ............................................................................................................................................................................................................................... 24
TABLE OF CONTENTS
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 4
LAND DEVELOPMENT SUMMARY
Medical/Office/Retail Proposed Development
2.88+ acres of developable land, part of a planned
professional office development for sale
Space available for lease and sale in the Tuscan Towers
Phase 1 development
Great Visibility – Frontage on Hwy 1709 (Southlake Blvd)
which is a busy East/West thoroughfare in the
Southlake/Keller market and has over 47,000+CPD
Great Accessibility with access off Hwy 1709, close to
Hwy 114 and 5 minutes from DFW airport
Strategically located close to Southlake Town Square -
over 95 stores, 27 eateries, three parks, medical offices,
Harkins Theater, and Hilton luxury boutique hotel
Positioned to draw from the fast growing cities of
Southlake, Grapevine, Westlake, Keller and more
Strong demographics – Median Household incomes
exceeding $162,000
Lot Size (Approx.) 2.88 Acres
Gross Area Square Footage 125,453 SF
Divisible Pad Sites Available
Price Negotiable
Zoning SP1 – Site Plan Zoning District
Frontage Hwy 1709, Southlake Blvd.
Development Summary
Southlake Villas Land
310 FM 1709 (Southlake Blvd.)
Southlake, TX 76092
PROPOSED DEVELOPMENT HIGHLIGHTS
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 5
Property Description:
The subject property is 2.88+/- acres located on the Hwy 1709 (Southlake Blvd) just West of the intersection of Byron Nelson
Pkwy and Southlake Blvd. Southlake Blvd is a significant East/West thoroughfare in the Southlake/Grapevine/Keller corridor
with traffic counts exceeding 47,000+ cars per day. The site has tremendous frontage and visibility on Hwy 1709 (Southlake
Blvd) with approximately 351 feet. In addition the land is proportional in shape with approximately 360 feet in depth which
allows for multiple site plan options.
Zoning:
The property is zoned SP1 Site Plan District which allows for various office commercial uses.
Utilities:
Utilities are located along the property including a 6 inch sanitary sewer line located along North side of Southlake Blvd and a
12 inch water line located along the North side of Southlake Blvd. The site generally slopes to the southwest. Most runoff is
toward Southlake Blvd. to the existing storm drain facilities within the street right of way. On-site storm water detention
should be anticipated.
Civil Engineering:
The property is currently platted as 1 lot as part of the W.W. Hall NO. 687 Addition. The subject property has been through the
site plan approval process with the City of Southlake. Preliminary construction documents have been completed. This site plan
package can be utilized to shorten the city approval process, however final construction docs need to be prepared and
submitted for construction permits. Complete site/civil plans will be required for new plans, and a site plan package will also be
required. The Site Plan process requires approval from DRC, P&Z, & City Council.
Road Infrastructure and Improvements:
Southlake Blvd.(47,000+ CPD) is a 6 land divided thoroughfare with landscaped medians.
Area Highlights:
The subject property is strategically located in the heard of Southlake, TX and surrounded by residential, retail and medical
developments. The city of Southlake is supported by strong demographics with the median household value over $450,000,
average household income is over $140,000, and over 60% of the residents have a bachelors degree or higher. In addition this
property is close to the cities of Keller, Westlake, Grapevine and Colleyville (all with great demographics). Southlake Town
Square with over 95 stores, 27 eateries, three parks, medical offices, Harkins Theater, and Hilton luxury boutique hotel is
located ½ mile to the East on Southlake Blvd.
Development Summary
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 6
Aerial
Subject Property
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 7
Bird’s Eye View
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 8
3D Aerial
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 9
Aerial Map
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 10
Plat
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 11
Survey
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 12
City approved Site Plan
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 13
Additional Concept Site Plan
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 14
Demographics - Summary
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 15
Demographics
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 16
Demographics
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 17
Demographics
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 18
Demographics
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 19
Demographics
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 20
Demographic Market Comparison
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 21
Demographic Market Comparison
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 22
Demographic Trend Report
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 23
Demographic Trend Report
5751 Kroger Drive ∙ Suite 124 ∙ Keller, TX 76244 ∙ Phone 817-337-3433 ∙ Fax 817-337-6466
Visit our website at www.castledevgroup.com 24
Traffic Count Report
