DEVELOPMENT OPPORTUNITY IN STRATEGIC, HIGH GROWTH …

LAKE RIDGEHome Prices from $312K to $2.5M

67

TAYM

AN DRIV

E

TAYM

AN DRIV

E

± 412 ACRES

LAKE RIDGE PKWYLAKE RIDGE PKWY

BELT LINE ROADBELT LINE ROAD

CEDAR CRESTHome Prices up to $279K

PARKWAY PLACEHome Prices up to $240K

Hillside Village

Cedar Hill High School

N

PROPOSED LOOP 9PROPOSED LOOP 9

JCPenney Distribution CenterMetals USA

Precision Wood ProductsDallas Aeronautical Services

D E V E L O P M E N T O P P O R T U N I T Y I N S T R A T E G I C , H I G H G R O W T H L O C A T I O N412.84 Acres | Lake Ridge Parkway & Tayman Drive | Cedar Hill/Midlothian, Texas

JORDAN CORTEZ | Managing Principal 214-556-1951 | [email protected]

JUSTIN TIDWELL | Director 214-556-1955 | [email protected]

MASON JOHN | Associate Director 214-556-1953 | [email protected]

412.84 ACRESCEDAR HILL/MIDLOTHIAN, TX

DEVELOPMENT OPPORTUNITY | CEDAR HILL/MIDLOTHIAN, TEXAS | 2

INVESTMENT SUMMARY

Property 412.8381 Acres(1)

Location Latitude: 32.551280; Longitude: -96.991119 (2)

Access Lake Ridge Parkway and Tayman Drive; just west of Highway 67

Frontage Approximately 3,300 feet on Lake Ridge ParkwayApproximately 900 feet on Tayman Drive

Asking Price $7,843,924

Asking Price per Acre $19,000

412.84 Acres

INVESTMENT SUMMARY

Utilities – Cedar Hill Water: 20” water main along Lake Ridge ParkwaySewer: 10” sewer line connected to Hollings Branch Lift Station in Lake Ridge development located on the western edge of the Site

Utilities – Midlothian Water: 24” raw water main runs through property connecting to Water Treatment Plant along Tayman RoadSewer: Sewer line is approximately two miles south

Zoning – Cedar HillZoning – Midlothian

“SF-E – Single Family Residential Estate”“R3 – Residential Three”

Appraisal DistrictProperty ID

Dallas County: 65067655510110100Ellis County: 188069, 209994, 209995

School Systems Cedar Hill ISD and Midlothian ISD

(1) Acreage calculated from the Dallas & Ellis County Appraisal Districts’ tax statements(2) Site does not have a physical address. Please refer to the Aerials for Site location.



TAXING ENTITIES AND MILL RATES – PARCEL 1

Dallas County – 78.0671 Acres Taxable Value Tax Rate

Cedar Hill $312,270 0.697028

Cedar Hill ISD $312,270 1.376000

Dallas County $312,270 0.253100

Dallas County Community College $312,270 0.124000

Parkland Hospital $312,270 0.279400

Estimated Taxes $8,523.50


Ellis County – 1.695 Acres Taxable Value Tax Rate

Ellis County $12,200 0.338984

Midlothian ISD $12,200 1.540000

City of Midlothian $12,200 0.708244

Ellis County Lateral Road $12,200 0.031549

Estimated Taxes $319.49



Ellis County $10,340 0.338984

Midlothian ISD $10,340 1.540000


Ellis County Lateral Road $10,340 0.031549

Estimated Taxes $270.78



Ellis County $1,313,290 0.338984

Midlothian ISD $1,313,290 1.540000

City of Cedar Hill $1,024,366 0.697028


Ellis County Lateral Road $1,313,290 0.031549

Estimated Taxes $34,277.24

Seller has submitted an application and is in the process of reestablishing the Site’s Agriculture Property Tax Exemption through the Texas Ecological Laboratory.

DEMOGRAPHICS

ESTIMATED POPULATION

1-MILE | 4653-MILE | 12,4485-MILE | 68,576

ANNUAL GROWTH RATE (2018-2023)

1-MILE | 3.45%3-MILE | 2.04%5-MILE | 2.35%

MEDIAN HOUSEHOLD INCOME

1-MILE | $92,0613-MILE | $78,0075-MILE | $80,955

MEDIAN HOME VALUE

1-MILE | $392,5933-MILE | $251,9325-MILE | $205,507



Joe Pool Lake

LAKE RIDGEHome Prices from$312K to $2.5M

Midlothian TaymanWater Treatment Plant

TAYMAN DRIVE

TAYMAN DRIVE

MANSFIELD ROAD/W BELT LINE ROADMANSFIELD ROAD/W BELT LINE ROAD

360360

Valley Ridge Park

Tangle Ridge Golf Club


± 412 ACRES

N



67

67

Midlothian TaymanWater Treatment Plant

± 412 ACRES


LAKE RIDGEHome Prices from$312K to $2.5M

N



INVESTMENT HIGHLIGHTS

Strategic, High Growth Location: The 412.84-acre site (“Site”) is located along

Lake Ridge Parkway just west of Highway 67 and adjacent to Lake Ridge at Joe

Pool Lake (“Lake Ridge”), a master-planned community featuring award-winning

amenities and the 18-hole championship Tangle Ridge Golf Course. This area

is often referred to as the “Hill Country of Dallas” offering views over 800 feet

above sea level, the highest elevation on a straight line between the Red River

at the Texas-Oklahoma border to the Gulf Coast. Stretching across Dallas and

Ellis Counties, the Site is in both the Cedar Hill and Midlothian city limits and

offers tremendous views towards Joe Pool lake. Changes in topography ranging

up to 300 feet across the Site allows a developer to create a spectacular lot

layout with outstanding views in all directions. The Site has approximately

3,300 feet of frontage along Lake Ridge Parkway which intersects with Highway

67, the main north-south thoroughfare in Cedar Hill, providing residents

convenient access to downtown Dallas located approximately 20 miles to the

north. The Site also has a secondary access point to the south along Tayman

Drive. The cities of Cedar Hill and Midlothian have seen tremendous growth in

recent years; most recently the 1,700-acre Railport Business Park in Midlothian

announced Google purchased 375 acres to invest $500M into a new data

center providing numerous jobs to the area. The Site is ideal for single-family

residential development given the area’s strong demographics, population

growth, job opportunities, award-winning school districts, and its proximity to

numerous retailers/eateries, including Walmart, Target, Kroger, Saltgrass Steak

House, Romano’s Macaroni Grill, and Razzoo’s Cajun Café. The Site directly

benefits from the adjacent Lake Ridge community which boasts home sale

prices from $312K to $2.5M and offers numerous amenities including Valley

Ridge Park which covers over 165 acres owned by the City of Cedar Hill. The

community park offers a wide variety of amenities including baseball, softball,

football, and soccer fields as well as a 3,000-square-foot amphitheater. The

majority of the residents in the portion of the Property located in Ellis county

would attend schools in the highly-ranked Midlothian ISD, 119th out of 1,036

ISDs in Texas according to USA.com. Residents in a small portion on the north

end of the Property would attend schools in the Cedar Hill ISD.

Highway Expansion: The Loop 9 project will connect at the Lake Ridge Parkway

and Highway 67 intersection and extend east to Interstate 35. The project is

currently being researched for environmental impacts and the schematic is

being designed with construction letting to take place in 2025. The Loop 9

project will address population growth, transportation demand, system linkage,

and connectivity among the existing roadway facilities. Once completed, Loop

9 will provide residents increased mobility and accessibility in the region along

the east-west thoroughfare.

Lake Ridge



Hillside Village – Cedar Hill

Cedar Hill State Park

Midlothian

INVESTMENT HIGHLIGHTS

Zoning: The Site currently has dual zoning with the northern portion of the

Site located in Cedar Hill zoned “SF-E – Single Family Residential Estate” and

the southern portion located in Midlothian zoned “R3 – Residential Three”.

SF-E currently allows for a minimum lot size of 43,560 SF and R3 allows for a

minimum lot size of 6,000 SF. The cities of Cedar Hill and Midlothian indicated

that they are potentially open to modifying the existing zoning for the right

development plan; Cedar Hill recommended a Planned Development “PD”

in order to incorporate various lot sizes into the development. Please note

the R3 zoning is currently inactive, but our understanding is that it has been

grandfathered in.

Population, Demographics, and Traffic Counts: From 2010 to 2018, Cedar

Hill grew 11.44 percent to a population of 50,180, and during the same time

period, Midlothian grew 32.17 percent to a population of 24,073. Cedar Hill

and Midlothian are projecting significant population growth of 6.91 percent

and 16.65 percent respectfully from 2018 to 2023 according to ESRI. Within

a five-mile radius of the Site, the median household income is $80,955

and within one mile of the Site, the median home value is $392,593. Traffic

counts along Highway 67 are close to 40,000 per day and exceed over 2,000

vehicles per day along Lake Ridge Parkway.

Growing Dallas/Fort Worth Economy: The Dallas/Fort Worth Metro

continues to be one of the strongest, well-diversified economies in the

nation, experiencing exponential growth both in terms of population and

jobs. According to the U.S. Census Bureau, the DFW metro was the fastest-

growing metro in the United States in 2017 adding over 146,000 residents.

Current population for the DFW metro is estimated at 7.4 million people

which ranks fourth in the nation and is projected to grow over 35% by 2030

to a population of nearly 10 million. As of February 2019, DFW metro added

102,500 jobs over the last 12 months which is a 2.8 percent increase in jobs,

significantly higher than the national rate of 1.7 percent during the same

time period. DFW unemployment rate as of January 2019 was down 20 basis

points from the previous year to a rate of 3.9 percent.



DFW HIGHLIGHTS

• The DFW area has a well-diversified economy that ranks fourth in the nation with a

forecasted 2019 Gross Metropolitan Product (GMP) of $613.4 billion.

• The DFW unemployment rate is an outstanding 3.9 percent as of January 2019

which is an improvement of 20 basis points from the previous year.

• The DFW metro has an estimated population of 7.4 million people which ranks

fourth in the nation among metro areas and is projected to grow to a population of

nearly 10 million by 2030.

• Twenty-two Fortune 500 companies are headquartered in DFW, ranking third most

in the nation.

• The metro area has experienced a substantial amount of corporate relocations and

expansions in the past several years from firms such as: State Farm Insurance, Toyota

Motor Co., Omnitracs, Santander Consumer USA, Tenet Healthcare Corporation, Kohl’s,

AT&T, Blue Cross and Blue Shield of Texas, USAA, Google, Amazon, and Top Golf.

• DFW Airport is the fourth busiest in the world in terms of operations and twelfth

largest in terms of passengers. The total estimated economic output of DFW airport

is $37 billion and is currently undergoing a terminal renewal and improvement

program at cost of $2.7 billion.

• Recent rankings and awards received by DFW include the following: #1 in the

country in Total Job Growth, #5 Best Performing Cities, and #13 Most Innovative

Cities in the World.

The 412-acre Site is located within the cities of Cedar Hill and Midlothian, both of which

are part of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (“DFW”). DFW

encompasses 12 counties within the state of Texas, with the Site being in Dallas and

Ellis counties. DFW has a population of 7.4 million, making it the largest population

center in Texas, fourth largest in the U.S., and seventh largest in the Americas.

GROSS METROPOLITAN PRODUCT

$613.4 Billion

DFW UNEMPLOYMENT RATE

3.9%

DFW ESTIMATED POPULATION

7.4 Million

State Farm

Toyota



ECONOMIC OVERVIEW

AREA OVERVIEW & HOUSING MARKET

DFW has the fourth largest economy in the nation among MSAs with a total Gross Metro Product of $613.4

billion. DFW has one of the highest concentrations of corporate headquarters in the United States including

22 Fortune 500 companies. DFW also contains a large Information Technology industry base (often referred

to as the Silicon Prairie or the Telecom Corridor), owing to the large number of corporate IT projects and the

presence of numerous electronics, computing, and telecommunication firms such as Texas Instruments, HP

Enterprise Services, Dell Services, Nokia, AT&T, Alcatel-Lucent, Ericsson, and Verizon in and around Dallas.

In addition, several major defense manufacturers, including Lockheed Martin, Bell Helicopter, Textron, and

Raytheon, maintain significant operations in DFW.

The Dallas-Fort Worth-Arlington MSA supports approximately 3.8 million jobs, making it one of the largest

economic centers in the nation. This MSA added 102,500 jobs year-over-year in February 2019, second only

to New York. The region’s business friendly environment and low cost of living have made DFW extremely

attractive to both employers and employees and helped fuel massive population and job growth over the

past several years with this trend expected to continue.

Cedar Hill and Midlothian are located 13 and 21 miles southwest of downtown Dallas respectively

and are intersected by Highway 67 which connects north to I-20 and south to Highway 287, providing

convenient access to the entire Metroplex. Cedar Hill’s estimated population is 49,000, while Midlothian’s

population is approximately 25,000, having experienced high growth over the past several years. Cedar

Hill and Midlothian have experienced strong single-family home pricing and sales in recent years. As of 4th

Quarter 2018 the median home price in Midlothian is $319,995, representing a 10.5 percent year-over-

year increase and Cedar Hill has a median home price of $205,500, an 8.5 percent year-over-year increase

according to the Texas Association of Realtors. Additionally, Cedar Hill homes were on the market for 29

days on average which is four days less than 2017. This along with the area’s strong demographics should

bode well for new single-family development.

DALLAS/FORT WORTH MAJOR EMPLOYERS

COMPANY NAME EMPLOYEES

Walmart Stores Inc. 34,000

American Airlines Group Inc. 37,000

Texas Health Resources 22,296

Dallas Independent School District 19,740

AT&T 17,000

Baylor Scott & White Health 16,500

The Kroger Co. 15,397

Lockheed Martin Corp. 14,350

Medical City Healthcare 14,000

Bank of America 13,500

City of Dallas 13,350

University of Texas Southwestern Medical Center 13,048

JPMorgan Chase 12,676

Fort Worth Independent School District 12,000

Parkland Health & Hospital System 9,968

Source: Dallas Business Journal



DFW International Airport

TRANSPORTATION

Air: DFW International Airport, located approximately 20 miles north of

the Site, is the fourth largest in the world in terms of operations and

twelfth largest in terms of passengers. The total estimated economic

output of DFW Airport is $37 billion and it served over 69 million

passengers in 2018. American Airlines’ corporate headquarters is in Fort

Worth while its main operational hub is at DFW International Airport.

Highway: The Property is located within the cities of Midlothian and

Cedar Hill, southwest of the City of Dallas and southeast of the City of

Fort Worth. The main thoroughfare through both cities is Highway 67,

which is located just east of the Site and provides direct access to Dallas

and connects with Interstate 20 and Interstate 35E to the northeast.

To the south, Highway 67 intersects with Highway 287 connecting to

the nearby cities of Mansfield and Waxahachie to the northwest and

southeast respectively. The Site has frontage along Lake Ridge Parkway

which provides access over Joe Pool Lake and connects with President

George Bush Turnpike to the north. Travel time from the Site to downtown

Dallas and downtown Fort Worth is approximately 25 minutes and 35

minutes respectively.

Public Transit: Dallas Area Rapid Transit (DART) is the public

transportation authority in the Dallas area which provides bus and light

rail transportation throughout the Greater Dallas Area including to DFW

International Airport and Dallas Love Field. Overall, DART moves more

than 220,000 passengers per day across a 700-square-mile service area.

Trinity Metro, formerly known as the Fort Worth Transportation Authority

or “The T,” is the public transportation authority in the Fort Worth Area

which provides bus and light rail transportation. Trinity Metro annually

provides nearly 10 million passenger trips on buses, van pools, and the

Trinity Railway Express (TRE) commuter rail, which it jointly owns with

Dallas Area Rapid Transit (DART).



DEMOGRAPHIC OVERVIEW | 1-MILE RADIUS

POPULATION

465

$92,061

NUMBER OF HOUSEHOLDS

HO

USE

HO

LD IN

COM

E

$392,593

67%

12%

$3,265

$7,193 $8,591

$242 $5,213

2018 Total Population

200,000

150,000-199,999

100,000-149,999

75,000-99,999

50,000-74,999

35,000-49,999

25,000-34,999

15,000-24,999

0-14,999

0 10 20 30

Median Household

Income

Median Home Value

Apparel &Services

Groceries Healthcare

Computers &Hardware

Eating Out

Annual Growth Rate(2018-2023)

Per CapitaIncome

Average Spent onMortgage & Basics

Households

White Collar

Blue Collar

Services

Average HouseholdSize

2018 MedianAge

UnemploymentRate

Median Net Worth

Median Contract Rent

3.45%

$42,506 $14,650$353,900 $600

148 3.14

INCOME

ANNUAL HOUSEHOLD SPENDING

HOUSEHOLDS

HOUSING STATS

EMPLOYMENT

1-MILE RADIUS 42.5

3.1%21%




POPULATION

12,448

$78,007


HO

USE

HO

LD IN

COM

E

$251,932

70%

22%

9%

$2,767

$6,167 $7,106

$214 $4,454


200,000

150,000-199,999

100,000-149,999

75,000-99,999

50,000-74,999

35,000-49,999

25,000-34,999

15,000-24,999

0-14,999

0 200 400 600 800

Median Household

Income

Median Home Value

Apparel &Services


Computers &Hardware

Eating Out


Per CapitaIncome


Households

White Collar

Blue Collar

Services


2018 MedianAge

UnemploymentRate

Median Net Worth


2.04%

$35,181 $11,892$237,579 $875

4,104 3.03

INCOME


HOUSEHOLDS

HOUSING STATS

EMPLOYMENT

3-MILE RADIUS

38.2

3.1%




POPULATION

68,576

$80,955


HO

USE

HO

LD IN

COM

E

$205,507

70%

18%

11%

$2,714

$5,968 $6,820

$209 $4,366


200,000

150,000-199,999

100,000-149,999

75,000-99,999

50,000-74,999

35,000-49,999

25,000-34,999

15,000-24,999

0-14,999

0 1,000 2,000 3,000 4,000 5,000

Median Household

Income

Median Home Value

Apparel &Services


Computers &Hardware

Eating Out


Per CapitaIncome


Households

White Collar

Blue Collar

Services


2018 MedianAge

UnemploymentRate

Median Net Worth


2.35%

$34,047 $11,544$191,269 $987

22,563 3.03

INCOME


HOUSEHOLDS

HOUSING STATS

EMPLOYMENT

5-MILE RADIUS

35.3

3.7%

INFORMATION ABOUT BROKERAGE SERVICESTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (a client is the person or party that the broker represents):• Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:

• Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and

advice to, and carry out the instructions of each party to the transaction.• Must not, unless specifically authorized in writing to do so by the party, disclose:

• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and• any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker/Broker Firm Name or Primary Assumed Business Name: Vanguard Real Estate Advisors | License No. 9003054 | [email protected] | 214-556-1951Designated Broker of Firm: Jordan Cortez | License No. 494942 | [email protected] | 214-556-1951 Licensed Supervisor of Sales Agent/Associate: Justin Tidwell | License No. 647170 | [email protected] | 214-556-1955Sales Agent/Associate: Mason John | License No. 682887 | [email protected] | 214-556-1953

JORDAN CORTEZ Managing Principal 214-556-1951 [email protected]

JUSTIN TIDWELL Director 214-556-1955 [email protected]

MASON JOHN Associate Director 214-556-1953 [email protected]

4 1 2 . 8 4 AC R E SLake Ridge Parkway & Tayman Drive Cedar Hill/Midlothian, Texas

DEVELOPMENT OPPORTUNITY IN STRATEGIC, HIGH GROWTH …

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