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7, 5 3 0 SF O F F I CE A S SE TU SE R / IN V E S T ME N T O PP O R T UNI T Y
601 ZENA RUCKER ROADS E Q E S O U T H L A K E B O U L E VA R D & B Y R O N N E L S O N PA R K WAYS O U T H L A K E , T E X A S
T 214.545.6900 edge-cm.com
5950 Berkshire Lane, Suite 700 Dallas, Texas 75225
E X C L U S I V E L I S T I N G B R O K E R S
CON FIDEN TI A L OFFER I NG MEMOR A N DU M
601 ZENA RUCKER ROADS E Q E S O U T H L A K E B O U L E VA R D & B Y R O N N E L S O N PA R K WAY
S O U T H L A K E , T E X A S
BR A NDON CROWAssociate
K A ILEY CLA BOR NAssociate
W ILSON STA FFORDPrincipal
E D G E R E A LT Y C A P I TA L M A R K E T S 6 0 1 Z e n a R u c k e r R o a d / 3
TABLE OF CONTENTS
EXECU TIVE SUMMARY 5
THE PROPERT Y 6
D E TA I L S 7L O C AT I O N M A P 8A E R I A L 9
THE FINA NCIALS 11
F I N A N C I A L S U M M A R Y 1 2R E N T R O L L 1 3C A S H F L O W 1 4L E A S E E X P I R AT I O N S 15P R O P E R T Y L E V E L A S S U M P T I O N S 16S A L E S C O M PA R A B L E S 1 7
THE MARKET 18
M A R K E T O V E R V I E W - T E X A S 19M A R K E T O V E R V I E W - DA L L A S - F O R T W O R T H M E T R O P L E X , T E X A S 2 0
DISCLAIMER 27
OV ERV IEW + Unique owner/user opportunity with in-place income
+ Up to 4,440 SF available for owner/occupant
+ Potential for SBA Financing
+ Excellent location - less than half a mile west of Southlake Town Square, a 130-acre shopping district with more than 120 shops and dozens of fine restaurants
+ High barriers to entry
+ Strong area demographics – estimated median household income of $221,692 within 1-mile from site
+ Existing tenant, MPP Infusion Centers, performs dialysis services and has 8 locations in Texas and Colorado
PROPERT Y 6 0 1 Z E N A R U C K E R R OA DGL A 7, 5 3 0 S F
PR ICE $ 2 , 1 5 0 , 0 0 0
LOCAT ION 6 0 1 Z E N A R U C K E R R O A D / S O U T H L A K E , T E X A S 7 6 0 9 2 PR ICE PSF $ 2 8 5 . 5 2
E D G E R E A LT Y C A P I TA L M A R K E T S 6 0 1 Z e n a R u c k e r R o a d / 5
EXECU TIVE SUMMARY
601 Zena Rucker Rd (“Property”) is a 7,530 SF office asset located in Southlake, Texas. The Property is currently 41% leased to one tenant – Physicians Specialty, adba MPP Infusion Centers. There is one 4,440 SF vacancy remaining that can be demised. The interior of the building has high end finishes, and the exterior has abundant parking and signage available. The Property is conveniently located less than ten minutes from DFW Airport, and less than half a mile from Southlake Town Square.
CORE IN V E STOR M A RK ET
Dallas- Fort Worth- Arlington is the 4th largest metropolitan area in the nation. According to data from the US Census Bureau, the DFW metro area gains another person every four minutes and ten seconds. Dallas is the 9th most populous city in the US and the 3rd most populous city in the state.
R A PID GROW T H SU BM A RK ET
Southlake lies in the heart of the fastest-growing region in the United States. Throughout the region- and beyond- Southlake is recognized as a visionary community with active, engaged citizens who are dedicated to high quality, excellence, and success.
Southlake holds the #5 ranking on a list called “100K Club: America’s Highest Earning Cities.” This is evident through the statistic that 59% of employment by occupation in Southlake is either in Managerial/Professional or Sales & Office.
Currently, Southlake has more than 3.1 million square feet of office space, and nearly four million square feet of retail space. With TD Ameritrade regional offices and Granite Southlake offices complex on the way, Southlake is becoming one of the most sought-after business addresses in the DFW area. Furthermore, rent growth in Southlake has increased an average of 3% annually over the last three years.
The Carroll Independent School District is regionally renowned for the excitement and success their football teams bring under the Friday Night Lights. Carroll ISD is also recognized for advanced academics and was awarded the 2015 6A Lone Star Cup Championship, which was presented to the school district that earned the most competition points in academics, athletics, and fine arts.
Southlake is a place where you can enjoy a sophisticated lifestyle with a neighborly community. Known regionally for its high-end boutiques and fine dining, Southlake Town Square is at the heart of the city. While the very walkable Town Square offers a vibrant and lively atmosphere for residents and tourists, it also maintains a leisurely, small-town, welcoming feel. Outside of the Town Square, Southlake offers many other eclectic dining options, attractions, adventures and annual special events such as Arts in the Square, Summer Kick-Off, and Oktoberfest.
D A L L A S - F O R T W O R T H - A R L I N G T O N 4 T H L A R G E S T M E T R O P O L I TA N A R E A I N T H E N AT I O N
D A L L A S - F O R T W O R T H - A R L I N G T O N I S M A J O R C O R P O R AT E H U B – H E A D Q U A R T E R S I N C L U D E A M E R I C A N A I R L I N E S , T E X A S I N S T R U M E N T S , & M O R E
S O U T H L A K E O N E O F T H E M O S T A F F L U E N T S U B U R B A N O F F I C E S U B M A R K E T S I N D F W
1 4 3 , 8 1 1 P O P U L AT I O N W I T H I N 5 M I L E R A D I U S O F S I T E
$ 2 2 1 , 6 9 2 M E D I A N H O U S E H O L D I N C O M E W I T H I N 1 M I L E R A D I U S O F S I T E
S A B R E C O R P, E M E R G E E N E R G Y S E R V I C E S L P, D E L F R I S C O ’ S R E S TA U R A N T G R O U P I N C . A L L H E A D Q U A R T E R E D I N S O U T H L A K E
GLA 7, 5 3 0 S F
PR ICE $ 2 , 1 5 0 , 0 0 0
PR ICE PSF $ 2 8 5 . 5 2
T HE PROPE R T YDETAILS /LOCATION M AP /AERIALS /
6 0 1 Z e n a R u c k e r R o a d / 7E D G E R E A LT Y C A P I TA L M A R K E T S
DETAILS
DEMOGR A PHIC SNA PSHOT
1 M ILE 3 M ILE 5 M ILE
T O TA L P O P U L AT I O N 7,110 59,910 143,811
P O P U L AT I O N G R O W T H 2 0 1 0 -2 0 2 2 1.8% 2.2% 2.3%
AV E R A G E H O U S E H O L D I N C O M E $301,843 $226,924 $190,115
A DDRE SS 6 0 1 Z E N A R U C K E R R O A DS O U T H L A K E , T E X A S 7 6 0 9 2
LA N D A REA ± 1 . 1 1 A C
GLA 7, 5 3 0 S F
Y EA R BU ILT 2 0 0 7
OCCU PA NCY 4 1 %
PA R K ING 5 3 S PA C E S , I N C L U D I N G 2 H A N D I C A P7. 0 0 P E R 1 , 0 0 0 S F
ZONI NG R P U D
TA X AU T HORIT Y / ID TA R R A N T C O U N T Y / 4 2 1 6 0 - 6 0 -2 R 1
TA X VA LU E / R AT E $ 1 , 5 5 0 , 0 0 0 / 2 . 4 8 %
BU ILDING EX TERIOR S T O N E A N D B R I C K E X T E R I O R
ROOF P I T C H E D
H VAC C E N T R A L U N I T S
SITE LIGH TING B U I L D I N G M O U N T E D L I G H T S
PA R K ING LOT G O O D C O N D I T I O N , C O N C R E T E
6 0 1 Z e n a R u c k e r R o a d / 8E D G E R E A LT Y C A P I TA L M A R K E T S
LOCATION MAP
WAXAHACHIE
DESOTO
DUNCANVILLE
CLEBURNE
FORT WORTH
GRAPEVINE
CARROLLTON
FRISCO
DENTON
MCKINNEY
WEATHERFORD
MINERAL WELLS
DALLASMESQUITE
ENNIS
DFW AIRPORT
DALLAS LOVEFIELD AIRPORT
PROSPER
THE COLONY
COPPELL
FLOWERMOUND
LEWISVILLE
ALLEN
PLANO
KELLER
NORTHRICHLAND
HILLSLAKE WORTH
AZLE
BURLESON
MANSFIELD
MIDLOTHIAN
CEDAR HILLKAUFMAN
TERRELL
RICHARDSON
GRANBURY
IRVING
ARLINGTON
30
35E20
820
35W
635
75
175
121
161
360
114
12
35
35E
380
287
ROCKWALLGARLAND
ROWLETT
WYLIE
20
635
20
205
287
67
67
80
FARMERSVILLE
SOUTHLAKE BLVD
WH
ITE
CH
APE
L B
LVD
BYRO
N N
ELSO
N P
KWY
CA
RRO
LL A
VE
T E X A S C H R I S T I A N U N I V E R S I T YEnrollment of 10,323 students
AT &T S TA D I U M Home of the Dallas Cowboys
G L O B E L I F E PA R K Home of the Texas Rangers
A M E R I C A N A I R L I N E S C E N T E R Home of the Dallas Mavericks
S O U T H E R N M E T H O D I S T U N I V E R S I T Y Enrollment of more than 11,000 students
1
2
3
4
5
12
34
5
601 ZENA RUCKER ROAD
6 0 1 Z e n a R u c k e r R o a d / 9E D G E R E A LT Y C A P I TA L M A R K E T S
AERIAL
6 0 1 Z e n a R u c k e r R o a d / 1 0E D G E R E A LT Y C A P I TA L M A R K E T S
AERIAL
T HE FIN A N CI A L SFINA NCIAL SU MM ARY /RENT ROLL /CASH FLOW / LEASE EXPIR ATIONS /PROPERTY LEVEL ASSU MPTIONS /SALES COMPAR ABLES /
6 0 1 Z e n a R u c k e r R o a d / 1 2E D G E R E A LT Y C A P I TA L M A R K E T S
FINA NCIAL SUMMARY
ANALYSIS SUMMARY PROPOSED DEBT STRUCTURE
ANALYSIS START DATE 2/1/2018 LOAN AMOUNT $1,549,400
HOLD PERIOD 10 LTC 70.61%
LAND AREA 48,474 INTEREST RATE 4.50%
GLA 7,530 TERM (YEARS) 10 years
OCCUPIED GLA 3,090 AMORTIZATION (YEARS) 30 years
IN-PLACE OCCUPANCY 41.04% INTEREST ONLY (MONTHS) 0 months
MONTHLY PAYMENT $7,851
PURCHASE SUMMARY ANNUAL PAYMENT $94,207
PRICE $2,150,000 LOAN FEE 1.00%
PRICE PSF (IMPROVEMENTS) $285.52 EQUITY REQUIRED $645,000
PRICE PSF (LAND) $44.35 IN-PLACE DSCR (AMORTIZING) 1.84x
NEW USER TI COST - $10.00 PSF (DAY 1) $44,400.00 DEBT YIELD* 9.44%
YEAR 1 NOI $175,320 DEBT CONSTANT 6.08%
STABILIZED CAP RATE 8.15%
TOTAL COST $2,194,400
REVERSION ANALYSIS
YEAR 11 NOI $163,141
RESIDUAL CAP RATE 7.50%
SALES PRICE $2,175,213
PRICE PSF (IMPROVEMENTS) $288.87
PRICE PSF (LAND) $44.87
RETURNS (SEE PROPOSED DEBT STRUCTURE)ALL-CASH LEVERAGED
IRR 6.68% 10.76%
MULTIPLE 1.67x 2.19x
AVERAGE CASH ON CASH / YIELD ON EQUITY 7.16% 9.72%
Fully capitalized cost includes an additional $44,400 in tenant improvements associated with move-in for the new owner/user.
6 0 1 Z e n a R u c k e r R o a d / 1 3E D G E R E A LT Y C A P I TA L M A R K E T S
RENT ROLL
TENANT SUITE SF % OF GLALEASE START
LEASE EXPIRATION
DATEMONTHLY RENT
ANNUAL RENT
RENT PSFEXPENSE REIMBURSEMENT METHOD
NOTES
PHYSICIANS SPECIALTY PARTNERS 101-103 3,090 41.04% 9/1/2014 8/31/2019 CURRENT $7,210.00 $86,520 $28.00 NNNUpon expiration, analysis assumes 75% renewal probability at $25.00 psf (subject to 3.0% annual inflation)
6/1/2019 $7,467.50 $89,610 $29.00
SPEC TENANT 105-107 4,440 58.96% 2/1/2018 1/31/2028 CURRENT $7,400.00 $88,800 $20.00 NNN
Analysis assumes Spec Tenant will occupy Suite 105-107 for 10-year term starting at $21.00 psf plus NNNs with $0.50 annual escalations.
2/1/2019 $7,585.00 $91,020 $20.50
2/1/2020 $7,770.00 $93,240 $21.00
2/1/2021 $7,955.00 $95,460 $21.50
2/1/2022 $8,140.00 $97,680 $22.00
2/1/2023 $8,325.00 $99,900 $22.50
2/1/2024 $8,510.00 $102,120 $23.00
2/1/2025 $8,695.00 $104,340 $23.50
2/1/2026 $8,880.00 $106,560 $24.00
2/1/2027 $9,065.00 $108,780 $24.50
OCCUPIED SF 7,530 100.00%
VACANT SF 0 0.00% TOTAL IN-PLACE RENT $175,320
TOTAL AREA 7,530 100.00%
6 0 1 Z e n a R u c k e r R o a d / 1 4E D G E R E A LT Y C A P I TA L M A R K E T S
CASH FLOW
IN-PLACE IN-PLACE PRO FORMA YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 YEAR 11
PSF PSF YE 1/31/2019 YE 1/31/2020 YE 1/31/2021 YE 1/31/2022 YE 1/31/2023 YE 1/31/2024 YE 1/31/2025 YE 1/31/2026 YE 1/31/2027 YE 1/31/2028 YE 1/31/2029
REVENUE
BASE RENTAL REVENUE $23.28 $175,320 $23.28 $175,320 $168,785 $156,894 $159,114 $161,334 $163,554 $168,309 $178,132 $180,352 $182,572 $193,132
ABSORPTION & TURNOVER VACANCY - - ($10,609) - - - - ($12,299) - - - ($19,890)
SCHEDULED BASE RENTAL REVENUE $23.28 $175,320 $23.28 $175,320 $158,176 $156,894 $159,114 $161,334 $163,554 $156,010 $178,132 $180,352 $182,572 $173,242
EXPENSE REIMBURSEMENT REVENUE $11.07 $83,376 $11.07 $83,381 $79,195 $87,246 $89,760 $92,346 $95,008 $90,678 $100,986 $103,885 $106,869 $98,936
POTENTIAL GROSS REVENUE $34.36 $258,696 $34.36 $258,701 $237,371 $244,140 $248,874 $253,680 $258,562 $246,688 $279,118 $284,237 $289,441 $272,178
EFFECTIVE GROSS REVENUE $34.36 $258,696 $34.36 $258,701 $237,371 $244,140 $248,874 $253,680 $258,562 $246,688 $279,118 $284,237 $289,441 $272,178
OPERATING EXPENSES
CAM $4.39 $33,024 $4.39 $33,021 $34,011 $35,032 $36,083 $37,165 $38,280 $39,429 $40,611 $41,830 $43,085 $44,377
MANAGEMENT FEE $1.37 $10,344 $1.37 $10,348 $9,495 $9,766 $9,955 $10,147 $10,342 $9,867 $11,165 $11,370 $11,578 $10,887
INSURANCE $0.26 $1,956 $0.26 $1,952 $2,011 $2,071 $2,133 $2,197 $2,263 $2,331 $2,401 $2,473 $2,547 $2,623
RE TAXES $5.05 $38,064 $5.05 $38,060 $39,202 $40,378 $41,589 $42,837 $44,122 $45,446 $46,809 $48,213 $49,660 $51,150
TOTAL OPERATING EXPENSES $11.07 $83,388 $11.07 $83,381 $84,719 $87,247 $89,760 $92,346 $95,007 $97,073 $100,986 $103,886 $106,870 $109,037
NET OPERATING INCOME $175,308 $175,320 $152,652 $156,893 $159,114 $161,334 $163,555 $149,615 $178,132 $180,351 $182,571 $163,141
CAPITAL COSTS
CAPITAL RESERVES $0.20 $1,512 $0.20 $1,506 $1,551 $1,598 $1,646 $1,695 $1,746 $1,798 $1,852 $1,908 $1,965 $2,024
TENANT IMPROVEMENTS - - $5.90 $44,400 $12,731 - - - - $14,758 - - - $23,868
LEASING COMMISSIONS - - - - $14,322 - - - - $16,603 - - - $26,851
TOTAL CAPITAL COSTS $1,512 $45,906 $28,604 $1,598 $1,646 $1,695 $1,746 $33,159 $1,852 $1,908 $1,965 $52,743
PROPERTY CASH FLOW $173,796 $129,414 $124,048 $155,295 $157,468 $159,639 $161,809 $116,456 $176,280 $178,443 $180,606 $110,398
FUNDED CAPITAL IMPROVEMENTS $44,400 - - - - - - - - - -
CASH FLOW BEFORE DEBT SERVICE $173,796 $173,814 $124,048 $155,295 $157,468 $159,639 $161,809 $116,456 $176,280 $178,443 $180,606 $110,398
DEBT SERVICE
INTEREST ($68,865) ($68,047) ($66,846) ($65,589) ($64,274) ($62,899) ($61,461) ($59,956) ($58,383) ($56,737) -
PRINCIPAL ($25,342) ($26,160) ($27,361) ($28,618) ($29,933) ($31,308) ($32,746) ($34,251) ($35,824) ($37,470) -
CASH FLOW AFTER DEBT SERVICE $173,796 $79,607 $29,841 $61,088 $63,261 $65,432 $67,602 $22,249 $82,073 $84,236 $86,399 $110,398
Notes:
1. NOI based on User occupying Suite 105 & 107 at the analysis start date of 2/1/2018.2. Analysis factors in $10.00 psf in Tenant Improvements for Spec Tenant.3. Management Fee - 4.00% of Effective Gross Revenue4. Operating Expenses are based on 2017 Operating Statements provided.5. Capital Reserves based on $0.20 psf, subject to inflation.6. All income and expenses are subect to annual inflation of 3.0%.
6 0 1 Z e n a R u c k e r R o a d / 1 5E D G E R E A LT Y C A P I TA L M A R K E T S
LEASE EXPIR ATIONS
1/31/2019 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026 1/31/2027 1/31/2028
Physicians Specialty Partners 101-103 3,090 41.04% 8/31/2019 3,090 sf
Spec Tenant 105-107 4,440 58.96% 1/31/2028 4,440 sf
ANNUAL SF EXPIRING 0 sf 3,090 sf 0 sf 0 sf 0 sf 0 sf 0 sf 0 sf 0 sf 4,440 sf 0 sf% of GLA 0.00% 41.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 58.96% 0.00%NO. OF TENANTS 1 1CUMULATIVE SF EXPIRED 0 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 3,090 sf 7,530 sf 7,530 sf% of GLA 0.00% 41.04% 41.04% 41.04% 41.04% 41.04% 41.04% 41.04% 41.04% 100.00% 100.00%
ANALYSIS YEAR 1
ANALYSIS YEAR 2TENANT SUITE SF % OF GLA EXPIRATION THEREAFTER
ANALYSIS YEAR 3
ANALYSIS YEAR 4
ANALYSIS YEAR 5
ANALYSIS YEAR 7
ANALYSIS YEAR 8
ANALYSIS YEAR 9
ANALYSIS YEAR 10
ANALYSIS YEAR 6
6 0 1 Z e n a R u c k e r R o a d / 1 6E D G E R E A LT Y C A P I TA L M A R K E T S
PROPERT Y LEVEL ASSUMPTIONS
PROPERTY LEVEL ASSUMPTIONS
GENERAL INFLATION 3.00%
GENERAL VACANCY 0.00%
NEW RENEWAL NEW RENEWAL NEW RENEWAL
PHYSICIANS SPECIALTY PARTNERS 101-103 NNN N/A 75.00% 5 years 9 months $20.00 $20.00 $15.00 $3.00 6.00% 4.00%
SPEC TENANT 105-107 NNN N/A 75.00% 10 years 9 months $20.00 $20.00 $10.00 $3.00 6.00% 4.00%
RENT PSF TI ALLOWANCE PSF LEASING COMMISSIONSTENANT SUITE MLA CATEGORY
LEASE-UP DATE(IF VACANT)
RENEWALPROBABILITY
LEASE TERMMONTHSVACANT
6 0 1 Z e n a R u c k e r R o a d / 1 7E D G E R E A LT Y C A P I TA L M A R K E T S
SALES COMPAR ABLES
PROPERTY ADDRESS CITY, STYEARBUILT
BUILDINGSIZE
OCCUPANCYAT SALE
PRICE PSFCAPRATE
DATE OFSALE
SUBJECT 601 Zena Rucker 601 Zena Rucker Rd Southlake, TX 2007 7,530 N/A N/A N/A N/A N/A
1 201 Countryside Ct 201 Countryside Ct Southlake, TX 2009 4,258 100.0% $1,298,690 $305.00 N/A 3/1/2017
2 680 N Carrol 680 N Carrol Ave Southlake, TX 2005 5,745 100.0% $1,809,675 $315.00 N/A 1/3/2017
3 1190 N Carrol 1190 N Carrol Ave Southlake, TX 2005 6,020 100.0% $1,900,000 $315.61 N/A 7/15/2016
4 2720 E State Hwy 114 2720 E State Hwy 114 Southlake, TX 2016 6,370 100.0% $1,720,000 $270.02 N/A 11/3/2016
AVERAGES 2009 5,598 100.0% $1,682,091 $301.41
T HE M A R K E TM ARKET OVERVIEW /DEMOGR APHICS /
6 0 1 Z e n a R u c k e r R o a d / 1 9E D G E R E A LT Y C A P I TA L M A R K E T S
MARKET OVERVIEW - TEX AS
POPUL ATION
26,956,958
FASTEST GROWINGECONOMYIN THE U.S.
DALLAS# 3 FA ST E ST GROW I NG CI T Y 2 015
#1 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
FORT WORTH# 8 FA ST E ST GROW I NG CI T Y 2 015
HOUSTON #1 FA ST E ST GROW I NG CI T Y 2 015
# 7 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
AUSTIN # 2 FA ST E ST GROW I NG CI T Y 2 015
#12 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y
SAN ANTONIO#10 FA ST E ST GROW I NG CI T Y 2 015
#15 TOP 2 0 BUSI N E S S -F R I E N DLY CI T Y2nd
TOP STATE FOR JOB GROW TH457,000 JOBS CREATED IN 2014
L A RGE ST CI V I L I A NL A BOR WOR K FORCE:
13+ MILLION WORKERS
54L A RGE ST M EDICA L CEN T ER Texas Medical Center, Houston 2N D L A RGE ST CA NCER CEN T ER MD Anderson, Houston
OVER 3,000 COMPANIES HAVE LOCATED OR EXPANDED FACILITIES IN TEXAS SINCE 2009
BEST STATE FOR BUSINESSFOR THE 10TH YEAR IN A ROW BYCHIEF EXECUTIVE MAGAZINE
AWA R DED 2 014 GOV ER NOR’S CU P FOR THE MOST NEW & EXPANDED CORPORATE FACILITIES: 689
NO STATE INCOME TAX
2nd
FORT U N E 50 0 COM PA N IE SCA L L T EX A S HOM E
6 0 1 Z e n a R u c k e r R o a d / 2 0E D G E R E A LT Y C A P I TA L M A R K E T S
MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS
ECONOMIC & CU LT U R A L
HUB OF NORTH TEXAS
LARGESTMETROPOLITAN AREA IN THE U.S.
LARGESTMETROPOLITAN AREA IN TEXAS
FASTEST R ATE OF JOB GROW THOF A N Y U. S . M ET ROPOL I TA N A R E A3.7% GROWTH OVER THE PAST YEAR
4th
#3 / DA LL AS#5 / FORT WORTH
FASTEST- GROWINGCITIES IN THE U.S.
1,200,000N E W R E SI DE N TS A DDE DOV E R T H E L A ST DEC A DE
DEMOGR A PHICS
POPULATION 6,993,185
TOTAL HOUSEHOLDS 2,552,859
AVERAGE HOUSEHOLD INCOME $81,226
MEDIAN AGE 33.7
BACHELOR DEGREE + 34.20%
TOTAL EMPLOYEES 3,375,900
L A RGE ST EM PLOY ER S
WAL-MART STORES INC. 52,700 Employees
AMERICAN AIRLINES GROUP INC. 23,700 Employees
BAYLOR HEALTH CARE SYSTEM 22,000 Employees
DALLAS INDEPENDENT SCHOOL DISTRICT 20,793 Employees
TEXAS HEALTH RESOURCES 16,205 Employees
BANK OF AMERICA 15,400 Employees
CITY OF DALLAS 13,000 Employees
JPMORGAN CHASE BANK N.A. 13,000 Employees
TEXAS INSTRUMENTS INC. 13,000 Employees
LOCKHEED MARTIN AERONAUTICS CO. 12,600 Employees
CENTRALLY LOCATED W IT H I N A FOU R HOU R F LIGH T F ROMA N Y M A JOR U.S. CIT Y
21 FORT U N E 50 0 COMPA NIES BA SED I N DA L L A S -FORT WORT H
6 0 1 Z e n a R u c k e r R o a d / 2 1E D G E R E A LT Y C A P I TA L M A R K E T S
MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS
BILLY BOB’S TEX A SLARGEST HONKY TONK IN THE WORLD
STATE FA IR OF TEX A SLARGEST STATE FAIR IN THE U.S.
DA LL A S A RTS DISTR ICTLARGEST URBAN ARTS DISTRICT IN THE U.S.
M A JOR U N I V ER SITIE S
UNIVERSITY OF NORTH TEXAS 36,216 Students
THE UNIVERSITY OF TEXAS AT ARLINGTON 34,899 Students
THE UNIVERSITY OF TEXAS AT DALLAS 23,095 Students
TEXAS WOMEN'S UNIVERSITY 15,075 Students
SOUTHERN METHODIST UNIVERSITY 12,321 Students
TEXAS A&M UNIVERSITY - COMMERCE 11,272 Students
TEXAS CHRISTIAN UNIVERSITY 10,033 Students
DALLAS BAPTIST UNIVERSITY 5,445 Students
TEXAS WESLEYAN UNIVERSITY 2,606 Students
UNIVERSITY OF DALLAS 2,545 Students
UNIVERSITY OF NORTH TEXAS - DALLAS 2,575 Students
UT SOUTHWESTERN MEDICAL CENTER 1,844 Students
95.8%
DALLAS/FORT WORTH INTERNATIONAL AIRPORT: 3RD BUSIEST AIRPORT IN THE WORLD
DALLAS LOVE FIELD AIRPORT: CORPORATE HEADQUARTERS OF SOUTHWEST AIRLINES
44,100,000A N N UA L V I SI TOR S
HOME SALE PRICES UP FROM 2014 (2x NATIONAL RATE)
8.6%
LOWEST COST OF LIVINGOF T EN L A RGEST U.S.M ET ROPOLITA N A R E A S
6 0 1 Z e n a R u c k e r R o a d / 2 2E D G E R E A LT Y C A P I TA L M A R K E T S
MARKET OVERVIEW - DALLAS-FORT WORTH METROPLEX, TEX AS
$120,943,919,400GROS S A N N UA L R ETA IL SA L E S
3,977,827 SF U N DER CONST RUCT ION
1,601,852 SF N ET A BSOR P T ION
900,310 SF COM PL ET IONS
92.5% OCCUPA NCYR ATE
$1.06 PSFAV ER AGE R EN TA L R AT E S
R ETA IL M A R K ET M U LTI-FA M ILY M A R K ET
16,581 UNITS U N DER CONST RUCT ION
5,765 UNIT N ET A BSOR P T ION
2,479 UNIT COM PL ET IONS
92.7% OCCUPA NCYR ATE
6 0 1 Z e n a R u c k e r R o a d / 2 3E D G E R E A LT Y C A P I TA L M A R K E T S
DEMOGR APHICS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
POPUL ATION
E ST I M AT E D POP U L AT ION (2 017) 7,110 59,910 143,811
A DJ UST E D DAY T I M E DE MOGR A P H IC S AGE 16 OR OV E R (2 017) 10,582 52,356 113,882
E ST I M AT E D HOUS E HOL DS (2 017) 2,132 20,047 50,200
P ROJ ECT E D A N N UA L GROW T H 2 010 TO 2 0 2 2 1.8% 2.2% 2.3%
P ROJ ECT E D POP U L AT ION (2 0 2 2) 7,762 65,284 157,008
P ROJ ECT E D HOUS E HOL DS (2 0 2 2) 2,279 21,404 53,689
TOTA L E M P LOY E E S (2 017) 8,672 37,779 78,659
TOTA L DAY T I M E AT HOM E POP U L AT ION (2 017) 1,911 14,577 35,222
TOTA L E M P LOY E E S (% OF DAY T I M E POP U L AT ION 2 017) 81.9% 72.2% 69.1%
DAY T I M E AT HOM E (% OF DAY T I M E POP U L AT ION 2 017) 18.1% 27.8% 30.9%
BUSINESS DEMOGR APHICS
TOTA L BUSI N E S S E S 866 3,484 7,529
COM PA N Y H E A DQUA RT E R BUSI N E S S E S 10 39 67
TOTAL AGE DISTRIBUTION
% POP U L AT ION AGE 0 - 9 14.8% 13.3% 12.6%
# POP U L AT ION AGE 0 - 9 1,052 7,949 18,184
AGE U N DE R 5 Y E A R S 378 3,210 7,530
AGE 5 TO 9 Y E A R S 674 4,738 10,654
AGE 10 TO 14 Y E A R S 851 5,862 12,855
AGE 15 TO 19 Y E A R S 682 5,044 11,140
AGE 2 0 TO 2 4 Y E A R S 184 2,371 5,682
AGE 2 5 TO 2 9 Y E A R S 153 2,297 5,666
AGE 3 0 TO 3 4 Y E A R S 205 2,614 6,501
AGE 35 TO 3 9 Y E A R S 410 3,642 9,015
AGE 4 0 TO 4 4 Y E A R S 625 4,552 10,650
AGE 4 5 TO 4 9 Y E A R S 816 5,860 13,506
AGE 5 0 TO 5 4 Y E A R S 724 5,610 13,174
AGE 55 TO 5 9 Y E A R S 527 4,906 12,006
6 0 1 Z e n a R u c k e r R o a d / 24E D G E R E A LT Y C A P I TA L M A R K E T S
DEMOGR APHICS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
TOTAL AGE DISTRIBUTION
AGE 6 0 TO 6 4 Y E A R S 380 3,719 9,409
AGE 6 5 TO 6 9 Y E A R S 239 2,313 6,358
AGE 70 TO 74 Y E A R S 118 1,410 4,098
AGE 75 TO 7 9 Y E A R S 70 786 2,456
AGE 8 0 TO 8 4 Y E A R S 38 449 1,438
AGE 8 5 Y E A R S OR OV E R 36 525 1,673
M E DI A N AGE 38.9 39.4 40.5
R ACE & ETHNICIT Y
% W H I T E 82.0% 79.0% 80.9%
% BL ACK OR A F R IC A N A M E R IC A N 4.7% 5.4% 5.5%
% A M E R IC A N I N DI A N OR A L A S K A NAT I V E 0.3% 0.5% 0.6%
% A SI A N 8.5% 6.7% 6.2%
% H AWA I I A N OR PACI F IC I S L A N DE R - 0.1% 0.1%
% H I S PA N IC POP U L AT ION 9.7% 15.2% 14.3%
% NOT H I S PA N IC POP U L AT ION 90.3% 84.8% 85.7%
HOUSEHOLD INCOME
E ST I M AT E D M E DI A N HOUS E HOL D I NCOM E $221,692 $173,079 $147,482
E ST I M AT E D AV E R AGE HOUS E HOL D I NCOM E $301,843 $226,924 $190,115
E ST I M AT E D P E R C A PI TA I NCOM E $90,530 $75,962 $66,414
HOUSEHOLD INCOME DISTRIBUTION
% H H I NCOM E U N DE R $10 ,0 0 0 3.4% 1.8% 1.9%
% H H I NCOM E $10 ,0 0 0 TO $14 , 9 9 9 0.6% 2.0% 1.4%
% H H I NCOM E $15,0 0 0 TO $ 2 4 , 9 9 9 1.2% 3.3% 3.5%
% H H I NCOM E $ 2 5,0 0 0 TO $ 3 4 , 9 9 9 2.6% 4.1% 4.4%
% H H I NCOM E $ 35,0 0 0 TO $ 4 9, 9 9 9 4.5% 6.0% 7.0%
% H H I NCOM E $ 5 0 ,0 0 0 TO $74 , 9 9 9 5.5% 9.7% 10.9%
% H H I NCOM E $75,0 0 0 TO $ 9 9, 9 9 9 5.3% 7.8% 8.9%
% H H I NCOM E $10 0 ,0 0 0 TO $12 4 , 9 9 9 4.5% 7.2% 8.9%
% H H I NCOM E $12 5,0 0 0 TO $14 9, 9 9 9 5.4% 7.2% 8.7%
% H H I NCOM E $15 0 ,0 0 0 TO $19 9, 9 9 9 12.3% 12.2% 13.4%
% H H I NCOM E $ 2 0 0 ,0 0 0 OR MOR E 54.7% 38.9% 31.1%
6 0 1 Z e n a R u c k e r R o a d / 2 5E D G E R E A LT Y C A P I TA L M A R K E T S
DEMOGR APHICS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
EDUCATIONAL ATTAINMENT
A DU LT POP U L AT ION AGE 2 5 Y E A R S OR OV E R 4,341 38,685 95,950
% E L E M E N TA RY (GR A DE L E V E L 0 TO 8) 0.2% 1.6% 1.9%
% SOM E H IGH SCHOOL (GR A DE L E V E L 9 TO 11) 1.5% 1.8% 1.9%
% H IGH SCHOOL GR A DUAT E 8.1% 11.2% 12.7%
% SOM E COL L EGE 12.8% 18.6% 19.0%
% A S SOCI AT E DEGR E E ON LY 4.9% 5.3% 6.4%
% BACH E LOR DEGR E E ON LY 45.2% 38.1% 37.2%
% GR A DUAT E DEGR E E 27.2% 23.5% 20.8%
HOUSING UNITS
TOTA L HOUSI NG U N I TS 2,132 20,047 50,200
% HOUSI NG U N I TS OW N E R- OCC U PI E D 95.4% 80.7% 80.1%
% HOUSI NG U N I TS R E N T E R- OCC U PI E D 4.6% 19.3% 19.9%
2010 CENSUS DEMOGR APHICS
CE NSUS POP U L AT ION (2 010) 6,397 51,628 122,742
CE NSUS POP U L AT ION I N HOUS E HOL DS (2 010) 6,397 51,522 122,299
% FA M I LY HOUS E HOL DS (2 010) 92.9% 82.2% 80.7%
% NON-FA M I LY HOUS E HOL DS (2 010) 7.1% 17.8% 19.3%
F E M A L E POP U L AT ION (2 010) 3,192 25,874 61,985
% F E M A L E POP U L AT ION (2 010) 49.9% 50.1% 50.5%
M A L E POP U L AT ION (2 010) 3,205 25,754 60,757
% M A L E POP U L AT ION (2 010) 50.1% 49.9% 49.5%
2010 HOME VALUE
% HOM E VA LU E S U N DE R $10 ,0 0 0 0.2% 0.7% 1.2%
% HOM E VA LU E S $10 ,0 0 0 TO $ 2 4 , 9 9 9 0.3% 1.0% 0.9%
% HOM E VA LU E S $ 2 5 ,0 0 0 TO $ 3 4 , 9 9 9 0.2% 0.2% 0.4%
% HOM E VA LU E S $ 35 ,0 0 0 TO $ 4 9, 9 9 9 0.5% 0.7% 0.7%
% HOM E VA LU E S $ 5 0 ,0 0 0 TO $ 5 9, 9 9 9 0.4% 0.5% 0.7%
% HOM E VA LU E S $ 6 0 ,0 0 0 TO $ 6 9, 9 9 9 0.3% 0.4% 0.6%
% HOM E VA LU E S $70 ,0 0 0 TO $7 9, 9 9 9 0.4% 0.8% 0.7%
6 0 1 Z e n a R u c k e r R o a d / 2 6E D G E R E A LT Y C A P I TA L M A R K E T S
DEMOGR APHICS
1 M I R A DI US 3 M I R A DI US 5 M I R A DI US
2010 HOME VALUE
% HOM E VA LU E S $ 8 0 ,0 0 0 TO $ 8 9, 9 9 9 1.5% 1.8% 1.9%
% HOM E VA LU E S $ 9 0 ,0 0 0 TO $ 9 9, 9 9 9 1.7% 1.8% 2.0%
% HOM E VA LU E S $10 0 ,0 0 0 TO $12 4 , 9 9 9 1.6% 2.9% 3.5%
% HOM E VA LU E S $12 5,0 0 0 TO $14 9, 9 9 9 3.1% 4.4% 5.1%
% HOM E VA LU E S $15 0 ,0 0 0 TO $174 , 9 9 9 2.9% 6.1% 7.3%
% HOM E VA LU E S $175,0 0 0 TO $19 9, 9 9 9 3.7% 5.7% 6.0%
% HOM E VA LU E S $ 2 0 0 ,0 0 0 TO $ 2 4 9, 9 9 9 8.7% 10.1% 12.2%
% HOM E VA LU E S $ 2 5 0 ,0 0 0 TO $ 2 9 9, 9 9 9 5.5% 10.6% 13.9%
% HOM E VA LU E S $ 3 0 0 ,0 0 0 TO $ 3 9 9, 9 9 9 13.7% 16.6% 19.9%
% HOM E VA LU E S $ 4 0 0 ,0 0 0 TO $ 4 9 9, 9 9 9 19.9% 15.6% 13.7%
% HOM E VA LU E S $ 5 0 0 ,0 0 0 TO $74 9, 9 9 9 31.2% 22.0% 14.3%
% HOM E VA LU E S $75 0 ,0 0 0 TO $ 9 9 9, 9 9 9 9.0% 8.5% 5.5%
% HOM E VA LU E S $1,0 0 0 ,0 0 0 OR MOR E 6.0% 4.1% 2.3%
OW N E R- OCC U PI E D M E DI A N HOM E VA LU E $460,394 $390,811 $330,391
EDGE Realty Capital Markets exclusively presents the listing of 601 Zena Rucker Road (“Property”) for your acquisition. The owner is offering for sale the Property through its exclusive listing with the team.
EDGE Realty Capital Markets and owner provides the material presented herein without representation or warranty. A substantial portion of information must be obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of EDGE Realty Capital Markets or owner. No representation is made as to
the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition.
As a condition of EDGE Realty Capital Markets’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by EDGE Realty Capital Markets, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.
DISCLAIMER
T 214.545.6900 edge-cm.com
5950 Berkshire Lane, Suite 700 Dallas, Texas 75225
E X C L U S I V E L I S T I N G B R O K E R S :
CON FIDEN TI A L OFFER I NG MEMOR A N DU M
601 ZENA RUCKER ROADS E Q E S O U T H L A K E B O U L E VA R D & B Y R O N N E L S O N PA R K WAY
S O U T H L A K E , T E X A S
BR A NDON CROWAssociate
K A ILEY CLA BOR NAssociate
W ILSON STA FFORDPrincipal