10.7 acre frontage on SH 121 and Coit Road Land purchase opportunity Plano, Texas. Subject Property 10.7 AC

Transcription

1 10.7 acre frontage on SH 121 and Coit Road Land purchase opportunity Plano, Texas Subject Property 10.7 AC

2 The opportun The opportunity You are invited to rev most affluent cities i of frontage on the south single family homes, public schools withi of the largest concentratio attractive demographi thoroughfares in the development, retail You are invited to review a unique opportunity at Coit Road and Highway 121 in Plano, just two miles east of Frisco Texas. Located in one of the most affluent cities in the rapidly growing Dallas suburb, this site is ideal for retail, medical or office. This fifteen acre parcel, with 1,250 linear feet of frontage on the south side of Highway 121, has property depths varying from 375 feet to 650 feet. The property is surrounded by beautiful new single family homes, several significant medical developments, a Kroger Signature grocery store, Starbucks, four new bank branches and nine public schools within a two mile radius. Less than three miles to the west is the intersection of the Dallas North Tollway and Highway 121 with one of the largest concentrations of retail and office space in North Texas. The location also offers a mature neighborhood with some of the most attractive demographics in North Texas, incredible job concentration, a growing medical base and access to some of the most traveled thoroughfares in the Metroplex. With major highways north-south and east-west, the property is well-positioned and zoned* for a destination retail development, retail pads, a medical uses or an office development. *West side zoning is West side zoning is Regional Commercial (RC) and to the east the zoning is Regional Employment (RE).

3 Area Overview Plano Plano s population is an estimated 260,000 residents and is the ninth largest city in Texas. Most of the city s 72 square miles lie within the boundaries of Collin County with 3 square miles in Denton County. According to a 2008 survey of 69 U.S. cities with populations of more than 250,000 by Salary.com, Plano ranks #1 as the best place to build personal wealth and raise a family. A Reuters article (6/30/08) cited the attraction of large business to the city. Measurements considered in the survey included earnings, cost of living and unemployment rates, diversity of industry, education level of the cities' population, nearness to post secondary institutions, percent of population below poverty level and median travel time to work. Plano is not just for big businesses. An impressive number of visionary entrepreneurs have launched their own successful businesses, shaped new technologies and created new jobs. Twenty Plano businesses made the Inc list in The acclaimed Plano Independent School District (PISD) has been long been a source of pride within the community. In August 2010 the Texas Education Agency rated PISD as Exemplary on all 25 academic indicators. Plano s legacy of literacy goes further. According to a 2009 study by Central Connecticut. State University of America s most literate cities, Plano ranked #2 among cities 250,000 or larger in level of education. A great place to live, Plano recently ranked as the safest city in the United States with a population more than 250,000, according to a study by Forbes magazine. Plano Demographics One-mile Three-mile Five-mile Population (2012) 2,308 80, ,244 Households 1,400 32,166 91,210 Household projection ,623 35, ,703 Median home value $465,082 $274,799 $249,919 Average household income $104,011 $114,133 $118,322 Consumer spending $74,931 $1,872,562 $5,485,049 Spending projected 2017 $85,119 $2,123,216 $6,213,139 Area Connection McKinney Regional Airport 16 minutes Downtown Dallas 32 minutes Dallas Love Field 28 minutes DFW International Airport 27 minutes Downtown Fort Worth 51 minutes Top businesses located in Plano Frito-Lay Texas Instruments JCPenney EDS Ratheon Dr. Pepper Snapple Countrywide Mortgage Texas Health Presby Alcatel-Lucent Cinemark Perot Systems Intuit Flextronics Mcafee Pepsico Crossmark St. Jude Medical Baylor Regional Children s Medical Rent-a-Center Capital One Finance Cigna Pizza Hut & Yum! Encana Oil & Gas CA Technologies Ericsson

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6 Frisco Frisco Frisco is located in population estimate 2009, and also the growing suburb in its list of "America's Frisco is located in both Collin and Denton counties, and is a rapidly growing suburb of Dallas. As of September 1, 2013, the city had a population estimate of 134,800, up from 116,989, in the previous census (2010). Frisco was the fastest-growing city in the United States in 2009, and also the fastest-growing city in the nation from 2000 to Recently a Forbes study named Frisco as the seventh-fastest growing suburb in the United States, in 2007 CNN listed Frisco as one of the "Best Places to Live" in the nation, and Forbes ranked it 7th in its list of "America's 25 Best Places To Move". Frisco ISD is at the district grows in siz excellence and its learning opportuniti and campus Accountab were well above schools earning di indices. More than take one or more exams, and approximate graduating seniors education. Frisco ISD is at the top of the fastest growing school districts in the state and nation growing by percent annually. As the school district grows in size, so does its commitment to excellence and its focus on providing the best 28 minutes north of downtown Dallas learning opportunities for students. District and campus Accountability Rating scores 22 minutes from DFW and Love Airports WELCOME TO were well above state targets, with many 8 million square feet of retail schools earning distinction in one or more Over 150 outdoor sculptures indices. More than 75 percent of FISD seniors take one or more of the college entrance 4 professional sports teams exams, and approximately 90 percent of our Award-winning hotels graduating seniors plan to continue their education. Frisco is home to s hockey league, a Mi Frisco is home to several sporting venues, a NCAA Division I conference, an NHL hockey team, a Major League Soccer team, a minor hockey league, a Minor League Baseball team, and most recently added an NBA D-league team. In 2016, Frisco will be the official home of FRISCO Immediate area hig Immediate area highlights Dr. Pepper/Seven-Up Home to the Fr Double-A baseball tea Dr. Pepper/Seven-Up Ballpark Home to the Frisco Rough Riders Double-A baseball team IKEA ready-to-assem appliances, and hom As of January 2008, th the world's largest fur IKEA ready-to-assemble furniture, appliances, and home accessories. As of January 2008, the company is the world's largest furniture retailer.

7 Dallas overview The DFW Metroplex is an innovation hub with resources that make it an ideal business climate. The region s attractive quality of life, strong regional and state economy, low cost of living, young and skilled labor force, pro-business mind-set and absence of corporate and personal income taxes all contribute to the thriving DFW location. Over the past five years, Texas added more jobs than the other 49 states combined. Due to its central location and world-class transportation infrastructure, DFW is a major international gateway. The region excels in passenger air travel and air cargo operations with the nation s third busiest airport, DFW International Airport; Dallas Love Field Airport, home to the largest domestic airline in the country; and the world s first fully industrial airport, Fort Worth Alliance Airport. As reported by the Dallas Economic Development department, the region ranks among the top three U.S. metropolitan areas for business expansions, relocations and employment growth. DFW s highly educated workforce of almost three million people is growing quickly, providing companies with an over abundance of talent. The population growth has fueled real estate development, as retailers and service providers expand to meet increasing demand. While Dallas and Fort Worth serve as the biggest population centers, four other suburbs Irving, Garland, Plano, and Arlington exceed 200,000, offering residents an abundance of choice as they search for the community that best fits their needs. In the DFW Area 1,200,000 residents were added from 2000 to 2010 More than 10,500,000 will live in the DFW Area by 2040* *DFW Facts Dallas Regional Chamber

8 For more detailed information, please contact: Michael Haggar Michael Swaldi, AIA, SIOR Vice President Executive Vice President FRISCO 2013 Jones Lang LaSalle, Inc. All rights reserved. This memorandum was created only for the purpose of providing information about the subject property and should not be construed as a binding offer to sell the property. The Offering Memorandum and the sale offering may be amended or withdrawn at any time without notice. Although information has been obtained from sources deemed reliable, the Owner s representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the property without expressed or implied warranties of any kind.