FOR SALE MESQUITE LBJ FREEWAY, MESQUITE, TX AC. Todd Franks Managing Director

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1 FOR SALE MESQUITE LBJ FREEWAY, MESQUITE, TX Charger Square Retail Center Residential Residential Proposed Service Road Planned Redevelopment of the Mesquite Rodeo & Convention Center to Include Mixed-Use. Read More Here. Proposed Entrance/ Exit Ramps Proposed Turnarounds Planned Road Planned Ingress/Egress Points Full TxDOT Map Available Here AC Todd Franks Managing Director Sean Reynolds Senior Director

2 PROPERTY OVERVIEW 3 Executive Summary Survey LOCATION OVERVIEW 6 Mesquite Development News Location Maps Economic Drivers SALE COMPARABLES 11 PROPERTIES FOR SALE 14 DEMOGRAPHICS 17 HOUSEHOLD EXPENDITURES 25 RETAIL PROFILE 29 TRAFFIC COUNT 36 ABOUT SVN 40 Advisor Bios SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX OFFERING MEMORANDUM

3 1. PROPERTY OVERVIEW LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 3

4 Executive Summary OPPORTUNITY OVERVIEW This acres of commercially zoned land is situated just southwest of the expansive re-development plan of the Mesquite Rodeo by Mehrdad Moayedi. We are doing a mixed-use deal there that will have some high-density residential on one side and some entertainment on the other side, Moayedi said. The rodeo will be transformed into a multiuse facility that will host concerts and other sporting events. The site is located along the west side frontage of I-635 between the exists for Cartwright Road/Bruton Road and Military Parkway/Scyene Road. Approximately 137,000 cars drive past the location on I-635 making it highly visible. It is bordered to the northwest by the Mesquite Championship Rodeo which, at present, brings over 200,000 visitors to the area between June and August every year for its 12-week Rodeo Season. PROPERTY SUMMARY SALE PRICE: $3,590,000 PRICE/ACRE: $141,042 PRICE/SF: $3.24 Mesquite is located in eastern Dallas County, approximately 10-miles east of the Dallas CBD which employs over 135,000 people. Dallas is expected to be one of the country s economic powerhouses of 2018, ranking 4 th among 10 U.S. metros that are projected to soar the most in terms of financial stability, and Mesquite is one of the fastest growing and competitive submarkets in the MSA (Business Insider, 2018). The median sales price of homes located within a 1-mile radius of the subject increased 9.2% from YE 2016 to YE The city had less than a 2 month inventory of houses on the market in 2017 (a 6- month supply is considered to be normal). This is an opportunity to purchase over 25 acres in one of the fastest growing metropolitan areas in the country. OPPORTUNITY HIGHLIGHTS LOT SIZE: ZONING: MARKET: SUBMARKET: CROSS STREETS: Acres Commercial Dallas-Fort Worth- Arlington Mesquite I-635 & New Market Road Best Location in Mesquite Adjacent to Planned Mixed-Use Re-Development of the Mesquite Rodeo Over 900 Feet of Frontage on I-635 Which is Traveled by Over 137,000 Cars Per Day Zoned C-Commercial to Allow for Light Industrial, Medical Office Space, Retail, and Self Storage. Additionally, the City of Mesquite Says There is a Good Possibility to Re- Zone the Land for Multifamily Residential or Single Family Residential Use Excellent Location in the Dallas/Fort Worth MSA the 4 th Largest Economy in the Nation with Headquarters for 21 Fortune 500 Companies (Fortune) and Ranked as the #3 Best City for Employment (Forbes.com) Page 4

5 Survey Page 5

6 2. LOCATION OVERVIEW LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 6

7 Mesquite Development News Mesquite Rodeo is next on prolific Dallas developer Mehrdad Moayedi s redo list February 2, 2018 Steve Brown, Real Estate Editor The historic Mesquite Rodeo has a new owner who plans to use the arena as the centerpiece of a mixed-use real estate development. Mehrdad Moayedi, who did the $350 million renovation of downtown Dallas' landmark Statler Hotel, has purchased the rodeo complex located off Military Parkway in Mesquite. Dating to the 1980s, the rodeo buildings with about 100,000 square feet of space sit on almost 17 acres just east of LBJ Freeway. Moayedi said he has already started work on upgrades to the buildings and is designing a new project that will adjoin the rodeo. "This is a historical rodeo and it has a legendary name," Moayedi said. "We want to bring it back to its glory days. "It needs a lot of repairs, to the tune of $4 million to $5 million," he said. "We have already started construction. Moayedi said he's contracted to purchase more than 50 acres adjacent to the Mesquite Rodeo for construction of a new project. "We are doing a mixed-use deal there that will have some high-density residential on one side and some entertainment on the other side," he said. Several restaurants are also planned with the development. Page 7

8 Mesquite Development News Improvements to the rodeo arena will include a new concrete floor to make the facility more versatile, Moayedi said. "We can actually have concert events in there without having to walk around in dirt," he said. "We are concentrating on bringing in some other sporting events that requires a concrete floor." The dirt surface could then be brought in for the rodeo. Mesquite's rodeo dates to the late 1940s but came into its own in the 1950s when it was championed by legendary bull rider Neal Gay. In 1958, Gay opened the Mesquite Championship Rodeo, which became one of the most popular events in the industry. "I'm asking the city of Mesquite to help pay for some of the new infrastructure," Moayedi said. "I'm setting this up to bring some life around the rodeo and use it as an anchor. Mesquite officials are upbeat about the prospects for the developments. "The arena and the rodeo continue to be a significant attraction to our community," said city manager Cliff Keheley. "The improvements to the facility will make it more versatile and expand the number and types of events. "This will definitely have an impact on the existing businesses in the rodeo center area," he said. "It will also create opportunities for expansion of retail and entertainment businesses. We are very excited about what the new ownership will bring." Page 8

9 Location Maps Page 9

10 Economic Drivers ENTERTAINMENT DRIVERS - Lake Ray Hubbard - White Rock Lake - Dallas Arboretum and Botanical Garden - Mesquite Championship Rodeo - Rodeo City Music Hall - Town East Mall - Dallas Athletic Club LARGEST EMPLOYERS - Mesquite ISD 4,100 employees - Town East Mall 3,000 employees - United Parcel Service 2,350 employees - City of Mesquite 1,100 employees - Eastfield College 950 employees - HMA Mesquite Hospitals 700 employees - Walmart Supercenter 510 employees - Integra Color Group 425 employees - Baker Drywall 400 employees - Lineage Power 310 employees - Christian Care Center 280 employees - Dal-Tile 225 employees - Fritz Industries 210 employees - Pepsi Bottling 200 employees IMMEDIATE AREA RETAIL - Less Than 1-Mile Burger King, Dairy Queen, IHOP, Jack in the Box, McDonald s, QuikTrip, Sonic, Subway, Taco Bueno, Waffle House, Walmart Neighborhood Market, Whataburger ½ Miles Braum s Ice Cream, Domino s Pizza, Family Dollar, Kroger, Walgreens, Wells Fargo Bank - 1 ½ - 2 Miles AMC Mesquite 30, BB&T Bank, Cheddar s Scratch Kitchen, CVS Pharmacy, Dollar Tree, Joe s Crab Shack, On the Border, Texas Roadhouse, Wendy s Page 10

11 3. SALE COMPARABLES LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 11

12 Sale Comparables SUBJECT PROPERTY LBJ Frwy. Mesquite, TX W. CAMPBELL RD W. Campbell Road Garland, TX BELTLINE RD Beltline Road Garland, TX E. IH E. IH 30 Garland, TX Page 12

13 Sale Comparable Summary SUBJECT PROPERTY PRICE LOT SIZE PRICE/AC PRICE/SF SALE DATE Mesquite LBJ Frwy. Mesquite, TX $3,590, AC $141,012 $3.24 On Market SALE COMPS PRICE LOT SIZE PRICE/AC PRICE/SF SALE DATE W. Campbell Rd W. Campbell Rd. Garland, TX $5,768, AC $157,874 $3.62 Oct Beltline Road 1450 Beltline Road Garland, TX $2,100, AC $152,394 $3.50 Sept E. IH E. IH 30 Garland, TX $1,667, AC $131,122 $3.01 July 2015 AVERAGES $3,178, AC $147,130 $ Page 13

14 4. PROPERTIES FOR SALE LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 14

15 For Sale Comparables SUBJECT PROPERTY LBJ Frwy. Mesquite, TX LBJ FRWY LBJ Freeway Mesquite, TX GUS THOMASSON RD Gus Thomasson Road Mesquite, TX Page 15

16 For Sale Comparable Summary SUBJECT PROPERTY PRICE LOT SIZE PRICE/AC PRICE/SF Mesquite LBJ Frwy. Mesquite, TX $3,590, AC $141,012 $3.24 SALE COMPS PRICE LOT SIZE PRICE/AC PRICE/SF LBJ Frwy LBJ Freeway Mesquite, TX $16,259, AC $342,817 $ Gus Thomasson Rd Beltline Road Garland, TX $6,309, AC $222,258 $5.10 AVERAGES $11,284, AC $282,538 $6.49 Page 16

17 6. DEMOGRAPHICS LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 17

18 Demographic and Income Comparison Profile Page 18

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25 4. HOUSEHOLD EXPENDITURES LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 25

26 5-Minute Radius Page 26

27 10-Minute Radius Page 27

28 15-Minute Radius Page 28

29 6. RETAIL PROFILE LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 29

30 5-Minute Radius Page 30

31 5-Minute Radius Page 31

32 10-Minute Radius Page 32

33 10-Minute Radius Page 33

34 15-Minute Radius Page 34

35 15-Minute Radius Page 35

36 6. TRAFFIC COUNT LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 36

37 Traffic Count Map Page 37

38 Traffic Count Map Close Up Page 38

39 Traffic Count Profile Page 39

40 7. ABOUT SVN LBJ Freeway Mesquite, TX SVN Investment Sales Group 6320 Lyndon B. Johnson Freeway, Suite 228, Dallas, TX Page 40

41 Advisor Bios Todd Franks, CCIM Managing Director SVN Investment Sales Group License #: Phone: Fax: Address: 6320 LBJ Frwy. Suite 228 Dallas, TX Todd s career in commercial real estate brokerage began in 2000 by specializing in the representation of multi-family Sellers. Over the past 17 years, Todd has facilitated the development, redevelopment, disposition, acquisition and repositioning of hundreds of A, B, and C Class multifamily and commercial assets (totaling more than $1,000,000,000), in the Dallas/Fort Worth market as well as secondary and tertiary markets across North Texas and Oklahoma. When Todd left his previous brokerage firm in 2014, he was acknowledged as the all-time top producer. Shortly after, Todd opened his own SVN office in Dallas, TX and is now recognized as one of the top five advisors in the world and the office is ranked #1 in the Southwest Region. His list of clients includes: Trammel Crow Residential Development, Highland Capital, CW Capital, LNR Partners, C-III, Midland Loan Services, Orix Capital Markets, Imperial Bank, City National Bank, La Jolla Bank as well as numerous lenders, servicers, institutions, family offices, partnerships and individual owners. Todd is regularly interviewed and featured in local and national commercial real estate publications such as The New York Times, The Dallas Morning News, Dallas Business Journal, Globe Street and Bisnow. He has also served as an expert witness in trials that require multi-family and financing expertise. In 2011, Todd became the youngest founder in the acquisition of Texas Republic Bank which has matured from $22,000,000 to now over $200,000,000 in assets. Related volunteer work included: Former Chairman of the Board for the Vickery Meadows Economic Development Division, former Board of Directors for the Vickery Meadows Public Improvement District and former Board of the Multi-family Property Standards Committee. Page 41

42 Advisor Bios Sean Reynolds Senior Director SVN Investment Sales Group Sean has been practicing Commercial Real Estate Brokerage since April 2012 and was named the Senior Director of SVN Investment Sales Group upon the branch s inception early He has been involved in the valuation, marketing and execution of A, B, and C - Class assets in the Dallas/Fort Worth market, as well as secondary and tertiary markets across Texas, Oklahoma and New Mexico. Sean has also participated in Joint Ventures and Equity Placement for his clients. He has experience working with local, national and international investors at varying levels of private, partnership and institutional capacity. Through Q Sean has closed 46 multifamily properties in his career (over 3,400 units) totaling more than $132 million in multifamily sales. License #: Phone: Fax: sean.reynolds@svn.com Address: 6320 LBJ Frwy. Suite 228 Dallas, TX At SVN Investment Sales Group, Sean continues to represent Owners of multi-family properties across the state, with his focus on North Texas, Oklahoma and New Mexico. His unwavering commitment and dedication to his clients has made him an excellent addition to the brand. Away from the office, Sean enjoys travelling, sports and spending time with his family. Page 42

43 Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstance, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this brochure, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of those materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. PECAN TREE 3001 KENDALE DRIVE, DALLAS, TX Page 43

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