Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail...

10

Transcript of Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail...

Page 1: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’
Page 2: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to extend to qualified investors the opportunity to acquire Sylvan Thirty (the “Property”), a grocery anchored, experiential retail asset in the heart of West Dallas. Lauded as Dallas’ next modern urban district, West Dallas is home to other highly successful retail developments such as Bishop Arts District and Trinity Groves and is home to the future $600 million Harold Simmons Park along the Trinity River.

Sylvan Thirty is connected to the Lofts at Sylvan Thirty, a Class A apartment complex with 201 units, making the Property a dynamic mixed-use environment. Sylvan Thirty is anchored by Cox Farms Market, named “Best Independent Grocery” for 2018 by the Dallas Observer and is home to many other highly successful boutique dining and shopping destinations. The Property was built in 2014 by renowed Texas architect Lake Flato, a former American Institute of Architects “Firm of the Year” award winner, giving the Property a modern appearance suitable for the thriving neighborhood it is located in. The acquisition of Sylvan Thirty would allow an investor to acquire a once-in-a-generation retail asset that serves as one of West Dallas’s primary consumer destinations and catalysts for growth.

2

Page 3: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

47,539SQUARE FEET LEASED YEAR BUILT 5-MILE

POPULATION

80% 2014 367,906

3

Page 4: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

GROCERY ANCHORED, MIXED-USE ASSET

Anchored by Cox Farms Market, named by Dallas Observer as the city’s best independent grocer

Location adjacent to Lofts at Sylvan Thirty provides built-in customer base for retailers

Flexible, modern space configurations make Sylvan Thirty highly attractive and adaptable in

today’s rapidly changing retail world

INVESTMENT HIGHLIGHTS

IRREPLACEABLE EXPERIENCE VIA INTERNET-RESISTANT, BOUTIQUE TENANCY

Tenancy has been highly curated with an emphasis on service-based retailers and restaurants, rendering Sylvan Thirty an

experiential retail asset that is impossible to replicate

Average tenant sales in excess of $400 PSF with food tenants in excess of $1,000 PSF

4

Page 5: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

DOORSTEP OF KESSLER PARK

Located adjacent to the highly affluent and historic Kessler Park neighborhood

(avg. home list price of $700,000), Sylvan Thirty is in the epicenter of Dallas’ rapidly evolving urban revival

Exposure to 157,000 VPD on neighboring streets (I-30 and Sylvan Ave.)

LESS THAN TWO MILES FROM UPTOWN AND DOWNTOWN DALLAS

Sylvan Thirty is ideally positioned to capitalize on affluent demographics in Dallas / Fort Worth’s

most densely populated area

200,000 daytime employees in Uptown & Downtown Dallas

RAPIDLY EVOLVING DEMOGRAPHICS

As more than $1 billion of public and private investments pour into the area, Sylvan Thirty’s immediate vicinity will continue

to undergo a massive positive shift

3-MILE DEMOGRAPHICS

Population (2018) 132,772Population (2022) 142,350% Growth (2018-2022) 8.90%Average HH Income $80,111Median Age 33

Page 6: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

30

����

��������������

������

��������

�����������

KESSLER PARKAverage Home ListPrice of $700,000

HAROLD SIMMONS PARK($600M Development)

THE CEDARS

PIKE WESTCOMMERCE APARTMENTS

OAK FARMS DAIRY PROPOSED MIXED-USE REDEVELOPMENT

LOFTS AT SYLVAN THIRTY

ALTA YORKTOWNAPARTMENTS

UPTOWN DALLAS

MARGARET HUNT HILL BRIDGEMARGARET MCDERMOTT BRIDGE

CYPRESS ATTRINITY GROVES

APARTMENTSBROADSTONE LTD

APARTMENTS

ALEXAN WEST DALLAS APARTMENTS

MAGNOLIA OFFSYLVAN APARTMENTS

HOME VALUES OF$1 MILLION+

�������������������

������������������

7-Eleven Flagship Store(Under Construction)

6

Page 7: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

WEST DALLASDFW’S NEWEST URBAN DISTRICTCATALYST FOR WEST DALLAS GROWTH ALONGSIDE TRINITY GROVES AND BISHOP ARTS DISTRICT

Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’ major economic and population growth in recent years

$30M IN CITY OF DALLAS INFRASTRUCTURE INVESTMENT IN WEST DALLAS

The City of Dallas is in the midst of a major capital project that will bring $30 million of roadway, water, wastewater, and stormwater drainage improvements to West Dallas

$1B IN NEW PRIVATE DEVELOPMENT IN WEST DALLAS; 15,000 APARTMENT UNITS AT FULL BUILDOUT

Major single family and apartment developers such as Lincoln Property Company, Alliance Residential, Crescent Communities, and Wood Partners are making major investments in the continued growth of the West Dallas area

DOWNTOWN PERIPHERAL URBAN DISTRICT AKIN TO THE CEDARS, DEEP ELLUM, KNOX/UPTOWN, AND DESIGN DISTRICT

Live/work/play environment and boutique retail attractions allow West Dallas to thrive as one of intown Dallas’ most unique urban districts

7

Page 8: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

DALLAS, TEXASULI’S #1 CITY FOR REAL ESTATE INVESTMENT FOR 2019

3.6% UNEMPLOYMENT RATE, BELOW NATIONAL AVERAGE

DFW’S DIVERSE & ROBUST ECONOMY LED THE NATION IN JOB CREATION FOR 2016 & 2017

FROM 2018 TO 2022, THE DALLAS / FORT WORTH MSA IS EXPECTED TO RANK FIRST IN POPULATION GROWTH AND SECOND IN JOB GROWTH ACCORDING TO OXFORD ECONOMICS

NO. 1 ECONOMIC CLIMATE IN THE UNITED STATES (FORBES)

DFW WAS RANKED #1 OF ULI’S EMERGING TRENDS TOP MARKETS TO WATCH IN 2019

8

Page 9: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

FORT W

ORTH AVE

SYLVAN AVE

TO

M L

AN

DR

Y F

WY

- 135

,00

0+

VP

D

30

BUILDING FSECOND FLOOR

C100

A100

G120

G100

H300H140H130H100

H11

0

H120

G150

D150

D100 E150

E100

E120F140

F100

F120

F150

F200

F250

C150

B100

22,000+ VPD

C120

BUILDING HH120 Available 1,024H140 Craft Salon 3,557H300 Apartment Leasing 3,479H130 Available 1,355H110 Arnold Brothers Cleaners 700H100 Available 1,616

TOTAL 11,731BUILDING AA100 Origins Bank 2,649

TOTAL 2,649BUILDING BCC100 Banh Mi Station 1,440C120 Available 1,660C150 AT&T 2,651B100 Vernacular 1,292

TOTAL 7,043

BUILDING TENANT SPACE SF

BUILDING DD100 Cibodivino Gourmet Market 4,348D150 Shaynah's Place 1,553

TOTAL 5,091BUILDING EE120 Taco Deli 2,662E150 Houndstooth Coffee 2,177

TOTAL 4,839BUILDING FF140 Pink Pedi 700F120 Whisk Crepes Cafe 645F100 Ten 700F150 Juiceland 1,342F250 Available 2,245F200 Available 1,643

TOTAL 7,275

BUILDING TENANT SPACE SF

BUILDING GG150 Cooper’s Meat Market 3,100G100 Cox Farms Market 8,000

TOTAL 11,100

BUILDING TENANT SPACE SF

Available

Occupied

9

Page 10: Holliday Fenoglio Fowler, L.P. (“HFF”), is pleased to ......Like other major experiential retail destinations in the area, Sylvan Thirty has been a key factor in West Dallas’

CONTACTSAARON JOHNSON

Director

[email protected]

469.232.1987

RYAN SHORE

Managing Director

[email protected]

469.232.1919

ROSS CRAWFORD

Analyst

[email protected]

214.692.4712

DE’ON COLLINS

Senior Director

[email protected]

469.232.1953

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

DEBT CONTACTANALYST SUPPORT