EXCLUSIVELY OFFERED BY TY UNDERWOOD SLJ · SLJ. SLJ Company, LLC4311 West Lovers Lane, Suite 200. Dallas, Texas 75209. . EXCLUSIVELY OFFERED BY. TY UNDERWOOD. 214.520.8818 x 4. tyunderwood

SLJSLJ Company, LLC4311 West Lovers Lane, Suite 200Dallas, Texas 75209

www.sljcompany.com

E X C L U S I V E LY O F F E R E D B Y

T Y U N D E R W O O D214.520.8818 x [email protected]

VA C A N T VA L U E - A D D S H O P P I N G C E N T E R9 1 9 N O R T H D A L L A S A V E N U E , L A N C A S T E R , T E X A S

T A B L E O F C O N T E N T S

S I T E

E X E C U T I V E S U M M A R Y

P R O P E R T Y H I G H L I G H T S

P R O P E R T Y P R O F I L E

S U R V E Y

D E M O G R A P H I C S

L A N C A S T E R A R E A

D A L L A S / F O R T W O R T H A R E A

M A R K E T S T A T I S T I C S

E X E C U T I V E S U M M A R YSLJ Company, LLC (“SLJ”) has been exclusively retained to offer 919 N Dallas Ave, a vacant ±39,000 square foot value-add neighborhood shopping centersituated on approximately 3.34 acres of land in Lancaster, Texas. Lancaster is located approximately 15 miles south of Downtown Dallas, and offers ease ofaccess to Interstate 35E, Interstate 20 and Interstate 45. The Property is currently divided into three vacant spaces, ranging from ±6,000 to ±23,000 squarefeet, and offers high visibility, ample parking and a large pylon sign.

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P R O P E R T Y H I G H L I G H T S

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The Property is 100% vacant and ready for an owner/user orinvestor.

VA C A N T

The liberal “R” zoning district allows General Retail, Restaurant(with or without drive-through), Office, Bank or FinancialInstitution (with or without drive-through), Personal Service,Studio, Health Club, Public School (Primary, Secondary, Senior &Charter), Daycare, Assisted Living Facility/Nursing Home,Hospital, Lofts or Townhomes & other uses.

L I B E R A L ZO N I N G

The Dallas area is the largest metropolitan area in Texas and thefourth-largest in the United States with a population ofapproximately 7.5 million people. As the fastest growingmetropolitan area, DFW led the nation in population growth overthe last year, adding 146,000 people in 2017 contributing to theaddition of over 1.1 million people since 2010. By the year 2040,it is projected that over 10.5 million people will be living in theMetroplex.

DA LL A S / FO RT W O R T H E C O N O M Y

It is likely that the purchase price of the Property will represent asubstantial discount to replacement cost.

D I S C O U N T TO R E P L A C E M E N T C O ST

Highly motivated ownership committed to transacting.

M OT I VAT E D S E LLE R

P R O P E R T Y P R O F I L E

919 N Dallas Ave, Lancaster, TX 75146

A D D R E S S±39,000 Square Feet

B U I LD I N G A R E A0% (Vacant Building)

O C C U PA N CY

Retail “R” District

ZO N I N G

3.343 Acres (145,621 Square Feet)

L A N D A R E A1967

Y E A R B U I LT

Approximately 173 Parking Spaces

PA R K I N G

Frontage on N Dallas Ave: ±236 FeetMaximum Depth: ±418 Feet

LOT D I M E N S I O N S

Suite 100: ±10,000 SFSuite 200: ±6,000 SFSuite 300: ±23,000 SF

LE A S E A B LE S PA C E

The subject property is located between W8th St and E Hammond Ave in the LancasterRetail Submarket.

LO C AT I O N

N Dallas Ave: 8,700 VPD (2017)E Pleasant Run Rd: 4,940 VPD (2017)

T R A F F I C C O U N TS

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+

S U R V E Y

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9 1 9 N D A L L A S A V E | 7

S I TE

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S I T E

ND

AL

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SA

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W P L E A S A N T R U N R D

W P L E A S A N T R U N R D

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2 0 1 9 D E M O G R A P H I C S

P O P U L A T I O N< 3 0 M I N U T E

C O M M U T E

47 .4%

# O FE M P L O Y E E S

2 ,691

C O N S U M E RS P E N D I N G

( $ 0 0 0 S )

60 ,6021 M

ILE

A V E R A G EH O U S E H O L D

I N C O M E

$70K

E M P L O Y E DP O P U L A T I O N

64 .9%

C O L L E G EE D U C A T E D

P O P U L A T I O N

57 .3%M E D I A N

H O M EV A L U E

$153K

3 M

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P R O J E C T E DP O P . G R O W T H

2 0 1 9 - 2 0 2 4

9 .9%

P O P U L A T I O NG R O W T H

2 0 1 0 - 2 0 1 9

55 .3%5

MIL

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M E I D A N A G E

33 .6P O P U L A T I O N

102KH O U S E H O L D S

35K

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L A N C A S T E R A R E A

I N T R O D U C T I O NLancaster is a city in Dallas County, Texas, United States. Founded in 1852 as a frontier post, Lancaster is one of Dallas County's earliest settlements. Today,it is a suburban community located in the Dallas-Fort Worth Metroplex, approximately 15 miles south of Downtown Dallas. Lancaster is part of the BestSouthwest area, which includes Lancaster, Cedar Hill, DeSoto, and Duncanville.

S C H O O L S & E D U C A T I O NLancaster is served mainly by the Lancaster Independent School District. The school district consists of eleven campuses: seven elementary schools, onesixth grade center, one middle school, one high school, and an alternative school. The Dallas Independent School District serves a small portion of the city.There are two public charter schools in the city. Life School Lancaster opened in 2007 and serves students from Kindergarten through sixth grade. In January2012, the Accelerated Intermediate Academy opened an elementary campus in Lancaster on East Belt Line Road. Berne Academy is the sole private school inLancaster. Cedar Valley College, a two-year accredited institution affiliated with the Dallas County Community College District is located on the border ofLancaster and Dallas. The college offers workforce training, continuing education, and college preparatory programs. As of Spring 2019, over 6,000 studentswere enrolled at the campus. The University of North Texas at Dallas campus is located just north of the Lancaster city limits in far southern Dallas.

E C O N O M YLancaster has attracted the attention of logistics-related companies in recent years. The city's location in the fast-growing Dallas-Fort Worth Metroplex region,land availability, easy access to three major interstate highways, Lancaster Regional Airport, and a planned 200-acre BNSF intermodal freight facility round outthe logistic options of road, rail, and air for the transport of goods. ProLogis Park 20/35 at the northeast corner of Houston School Road and Cedardale Road isthe largest logistics business park in Lancaster. It was developed in 2006 and now houses manufacturing and warehouse facilities for ProLogis, QuakerOats/PepsiCo, and BMW among others. According to the Lancaster's Department of Economic Development, the top employers in the city are: LancasterIndependent School District, Wal-Mart Stores, Inc., BrassCraft Manufacturing, Oak Creek Homes and Cedar Valley College.

P L E A S A N T R U N E L E M E N T A R Y

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D A L L A S / F O R T W O R T H A R E A

I N T R O D U C T I O NThe Dallas/Fort Worth Metroplex (Dallas/Fort Worth, DFW) is a dynamic 13-county region made up of Dallas, Fort Worth, and another 150 municipalities.The Dallas area is the largest metropolitan area in Texas and the fourth-largest in the United States spanning an area of 9,286 square miles and apopulation of approximately 7.5 million people. As the fastest growingmetropolitan area, DFW led the nation in population growth over the last year,adding 146,000 people in 2017 contributing to the addition of over 1.1 millionpeople since 2010.

By the year 2040, it is projected that over 10.5 million people will be living inthe Metroplex. DFW also has the largest, most educated workforce in thestate of Texas, totaling three million people, and leads the state in publicuniversity and community college students. The largest of the majoruniversities within the area are the University of Texas at Arlington (41,712),the University of North Texas (38,094), and the University of Texas at Dallas(27,638).

DFW accounts for approximately one-third of the state’s Gross DomesticProduct and approaches $60 million in annual direct imports and exports.The Metroplex is currently the fifth-largest global exporter in the country andlargest regional exporter to Canada, Mexico and China. Over the pastdecade the area has enjoyed a sustained period of economic and populationexpansion as local companies increase their business capacity and othersrelocate to this desirable, central U.S. location.

2 0 1 7M E D I A N H H

I N C O M E

2 0 1 8 P O P U L A T I O N

7.5M

2 0 1 8M E D I A N

H O U S E H O L DI N C O M E

$69K

2 0 1 8 M E D I A N A G E

34.1

D O W N T O W N D A L L A S

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M A R K E T S T A T I S T I C S

Y E A R - O V E R - Y E A RM A R K E T R E T A I L

R E N T G R O W T H

2 .4%

C U R R E N T A V E R A G ER E T A I L V A C A N C Y

R A T E

6 .3%

C U R R E N T A V E R A G ER E T A I L

R E N T P E R S F

$13 .16

P R O J E C T E D 2 0 2 3R E T A I L

R E N T P E R S F

$14 .28L A N C A S T E RS U B M A R K E T

C U R R E N T A V E R A G ER E T A I L

R E N T P E R S F

$19 .67

P R O J E C T E D 2 0 2 3R E T A I L

R E N T P E R S F

$21 .56D A L L A S -

F O R T W O R T HM A R K E TP R O P E R T Y 919 North Dallas Avenue

M A R K E T Dallas-Fort Worth

S U B M A R K E T Lancaster

W A Y F A I R D I S T R I B U T I O N C E N T E R

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“

Source: CoStar Group, 18Q3”

D-FW’s affordability, location and quality of labor continue to attract

major employers. The cost of business is an obvious consideration for any

company looking to expand or relocate, and for companies weighing the metroplex against major coastal cit ies, the price dif ferential can be

substantial.

SLJSLJ Company, LLC4311 West Lovers Lane, Suite 200Dallas, Texas 75209

www.sljcompany.com

E X C L U S I V E LY O F F E R E D B Y

T Y U N D E R W O O D214.520.8818 x [email protected]

Disclaimer: The material contained in this memorandum is confidential, furnished solely for the purpose of considering an investment in the properties described herein, and is not to be used for any other purpose, ormade available to any other person without the express written consent of SLJ Company, LLC. The material is based, in part, upon information obtained from third party sources, which SLJ Company, LLC deems to bereliable. However, no warranty or representation is made by SLJ Company, LLC or its affiliates, agents, or representatives as to the accuracy or completeness of the information contained herein. Prospective investorsshould make their own investigations, projections, and conclusions regarding this investment.