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±30,000 SF BUILDING ON 3.2 ACRES FOR INFORMATION 15200 MIDWAY RD, ADDISON, TX 75001 Exclusively Offered By: Ty Underwood 214-520-8818 ext. 4 Fax: 214-520-8815 [email protected] SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200 Dallas, TX 75209 214-520-8818

FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

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Page 1: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

±30,000 SF BUILDING ON 3.2 ACRESFOR INFORMATION15200 MIDWAY RD, ADDISON, TX 75001

Exclusively Offered By:Ty Underwood

214-520-8818 ext. 4Fax: 214-520-8815

[email protected]

SLJCOMPANY, LLC4311 W. Lovers Lane, Suite 200Dallas, TX 75209214-520-8818

Page 2: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

TABLE OF CONTENTS 15200 MIDWAY RD | 1

I. 2AERIAL PHOTOGRAPHS

II. 4PROPERTY PHOTOGRAPHS

III. 7PROPERTY PROFILE

IV. 8EXECUTIVE SUMMARY

V. 9SURVEY

VI. 10LOCATION MAP

VII. 11DEMOGRAPHICS

VIII. 12AREA INFORMATION

IX. 14DISCLAIMER & DISCLOSURE

Page 3: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

SITE

AERIAL PHOTOGRAPH 15200 MIDWAY RD | 2

Page 4: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

Belt Line Rd63,625 VPD

Proposed Cotton Belt Commuter Rail

SITE

Belt Line Rd

Mid

way

Rd

31,0

32 V

PD

5,183 VPDLindbergh Dr

55,7

71 V

PD

Lindbergh Dr

Billy Mitchell Dr

Wiley Post Rd 23,187 VPDAddison R

d

Wiley Post Rd

Arapaho Rd 7,860 VPD

Beltway Dr

Beltway Dr

AERIAL PHOTOGRAPH 15200 MIDWAY RD | 3

Page 5: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

PROPERTY PHOTOGRAPHS 15200 MIDWAY RD | 4

Page 6: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

15200 MIDWAY RD | 5

Page 7: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

15200 MIDWAY RD | 6

Page 8: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

PROPERTY PROFILE

LOCATIONThe subject property is located at the southeast corner of Midway Rd and Lindbergh Dr in Addison, Texas. The Property is less than .2 miles from the Addison Airport and is in close proximity to Addison’s many restaurants, offices, hotels and shopping destinations.

BUILDING AREA±30,000 square feet (± 2,000 square feet of office)

PARKINGTruck Parks Approximately 70 Car Parks Approximately 19 Total Parking Spaces Approximately 89

CLEAR HEIGHT15’-16’

LOADINGGrade and Dock Level

LAND AREA3.24 Acres (140,896 Square Feet)*No minerals are included in the proposed transaction

LOT DIMENSIONSFrontage on Midway Rd Approximately 444’Frontage on Lindbergh Dr Approximately 262’

ZONING Industrial-1 District (I-1)

TRAFFIC COUNTSMidway Rd 31,032 VPD (2012)Lindbergh Dr 5,138 VPD (2012)Arapaho Rd 7,860 VPD (2004)

15200 MIDWAY RD | 7

Page 9: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

EXECUTIVE SUMMARY & HIGHLIGHTS

EXECUTIVE SUMMARYSLJ Company, LLC (“SLJ”) has been exclusively retained to offer this ±30,000 square footwarehouse building on 3.24 acres of land in Addison, Texas. Located west of the Dallas NorthTollway, the site has high visibility and exposure to strong traffic counts and many area trafficdrivers. The Property is less than .2 miles from both Belt Line Rd, Addison’s vibrant retail corridorand the Addison Airport.

PROPERTY HIGHLIGHTSEXCELLENT LOCATIONLocated on Midway Rd, just one block north of Belt Line Rd which enjoys a car count in excess of 60,000 vehicles per day, the Property sits on a major artery in Addison. This area near Belt Line Rd and the Dallas North Tollway is the epicenter of shopping, dining and entertainment in North Dallas. The Property benefits from it’s close proximity to major shopping destinations like Village on the Parkway and Addison Walk. The Property is also directly adjacent to the proposed Cotton Belt Commuter Rail which would potentially connect Shiloh Rd in Plano to CityLine and UTD in Richardson, Addison Airport, Downtown Carrollton and DFW International Airport.

FLEXIBLE SITEThe Property enjoys a large 3.24 acre lot with high visibility and excellent frontage on both Midway Rd and Lindbergh Dr. The ±30,000 square foot warehouse building has approximately ±2,000 square feet of office space, with both grade-level and dock-high loading. The large lot, fenced lot can accommodate parking for approximately 70 truck and 19 cars. The zoning allows a variety of retail, office, showroom/ warehouse, and distribution-type uses.

HIGH TRAFFIC COUNTSWith approximately 31,032 vehicles per day on Midway Rd and an additional 5,183 and 7,860vehicles per day on Lindbergh Dr and Arapaho Rd respectively, the Property offers excellentexposure to vehicular traffic.

STRONG DEMOGRAPHICSWith a population of approximately 9,803 and 151,799 living within a 1 and 3 mile radii of the Property respectively, the Property benefits from a large pool of consumers in close proximity. Additionally, the average household income within a 1 mile radius of the Property is $89,389.

15200 MIDWAY RD | 8

Page 10: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

SURVEY 15200 MIDWAY RD | 9

Page 11: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

LOCATION MAP 15200 MIDWAY RD | 10

Page 12: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

0.00%

10.00%

20.00%

30.00%

40.00%

Some HighSchool

HighSchool

Graduate

SomeCollege

AssociateDegree

BachelorDegree

AdvancedDegree

1 Mile

3 Mile

5 Mile

0.00%

20.00%

40.00%

60.00%

80.00%

CivilianEmployed

CivilianUnemployed

Civilian Non-Labor Force

Armed Forces

1 Mile

3 Mile

5 Mile

POPULATION BY EDUCATION

POPULATION BY OCCUPATION CLASS

RADIUS 1 MILE 3 MILE 5 MILE2022 Projection 9,803 151,799 442,2582017 Estimate 9,351 141,480 403,4612010 Census 9,080 127,926 341,806

RADIUS 1 MILE 3 MILE 5 MILE2017 Avg Household Income $87,839 $87,856 $89,389

2017 Med Household Income $68,571 $61,166 $60,563

2017 Median Home Value $262,260 $269,816 $258,811

INCOME COMPARISONS

POPULATION

RADIUS 1 MILE 3 MILE 5 MILE2022 Projection 5,188 69,247 183,2292017 Estimate 4,999 64,757 167,5542010 Census 5,146 59,931 145,679

HOUSEHOLDS

RADIUS 1 MILE 3 MILE 5 MILE2017 Median Age 35.90 36.60 36.402017 Average Age 36.20 37.10 36.80

AGE

RADIUS 1 MILE 3 MILE 5 MILE

2017 Annual Spending ($000s) $113,206 $1,552,039 $4,222,739

CONSUMER SPENDING

1 Mile Radius # of Businesses # of Employees # of Emp/Bus

2017 Total Businesses 2,429 37,262 15

EMPLOYMENT

DEMOGRAPHICS 15200 MIDWAY RD | 11

Page 13: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

ADDISON–CARROLLTON AREA

ADDISON AIRPORTAddison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles northof Downtown Dallas, this airport is a convenient option for North Texans in need of regional air travel.The airport opened in 1954 and was purchased by the town of Addison in 1976. The Addison AirportToll Tunnel was completed in 1999 to allow east-west traffic to cross the airport under the runway.Addison Airport covers 368 acres with one 7,202-by-100-foot concrete runway. In 2006 the airporthad 133,557 aircraft operations, average 365 per day and 774 aircraft were then based at theairport. Three fixed-base operators are on the field, Atlantic Aviation, Landmark Aviation, and MillionAir. Charter services are available from a variety of companies, with Business Jet Solutions andBombardier FlexJet having large operations at the field. The airport is the headquarters of AmeristarAir Cargo, GTA Air, and Martinaire, and also has scheduled freight flights from AirNet, Flight Express,and Flight Development. The airport is a training hub, with primary to advanced flight instructionavailable from American Flyers, ATP, Monarch Air, PlaneSmart! and Lone Star Flyers. Also, theAddison Airport is home to the Cavanaugh Flight Museum, a popular tourist destination in Addison,which offers formal and self-guided tours of their aircraft, armor and vehicle collections.

LIFESTYLEBecause of Addison's overwhelmingly commercial atmosphere, residents of Addison enjoy a uniquelifestyle not common in other suburbs. In 2005, the town of Addison introduced a wireless Internetnetwork covering most of the town. Though use costs a nominal fee, the network works to drivebusinesses and serves its residents. Residents and visitors can enjoy many Addison attractions.There are special events in Addison 29 weekends of the year. The WaterTower Theatre producesplays and musicals and hosts the annual Out of the Loop Festival. The Cavanaugh Flight Museumhouses a collection of aircraft since World War I. Addison Circle Park, built in the early 2000s, is avenue for several seasonal outdoor events, such as the University of North Texas' North Texas JazzFest, "Addison Artfest," Oktoberfest, and the food exposition "Taste of Addison". The Addison ImprovComedy Club and Restaurant brings in some of the most acclaimed comedic talent in the region.Addison is noted for being home to the original locations of both Texas de Brazil and Fogo de Chão,two Brazilian Churrascaria franchises that are both in the midst of rapid national expansion. Addisonhosts one of the largest 4th of July fireworks shows, called Kaboom Town. Addison has one of themost unique town centers in the country. Addison Circle is an urban plaza that features 2,020multifamily units, 407 townhome/condo units, 550,000 square feet of office space and 75,000square feet of retail space.

15200 MIDWAY RD | 12

Page 14: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

ADDISON–CARROLLTON AREA

RETAIL AND RESTAURANTSAddison boasts a wide array of premier retail and restaurant destinations such as Village on theParkway and Addison Walk. Located in North Dallas’ epicenter along Belt Line Road and the DallasNorth Tollway, Village on the Parkway (VOP) has been an important part of the retail and restaurantlandscape in North Dallas since 1981. And now, taking its cue from the vibrant spirit of Addison andDallas, VOP is undergoing a dynamic transformation into a first class retail, entertainment anddining district, heralding Whole Foods and AMC Theatres as its anchors along with numerous otherbest- in -class retailers. With 381,000 square feet on over 25 acres, Village On The Parkway hasbeen a go-to center from its inception, catering to the largest suburban business concentration inDFW, with over 187,000 professionals coming to work in the immediate market every day. VillageOn The Parkway is providing a dynamic retail community and true sense of place for nearbyresidents, office workers, and visitors. With its lush tree-lined streets, fountains, and numerous patiodining options, VOP is a haven from a frantic work day, a shopping spree with friends, or the place tospend the perfect evening celebrating life with special people.

Addison Walk is situated at the gateway to Addison and offers excellent visibility and accessibility toeveryone seeking to shop or eat in the Addison trade area. The recent renovation of Addison Walkhas brought this property to the next level. The trendy face lift which included new facades,sidewalks, landscaping and signage served as a catalyst for re-tenanting this landmark site. AddisonWalk’s conventional layout and pedestrian friendly design has enabled it to not only effectivelyservice the heavy daytime population, but also helped to gear the center towards the younger andhip Addison nightlife and clientele. Densely populated, affluent, residential communities are withinwalking distance of the shopping center.

SCHOOLSThe Carrollton-Farmers Branch Independent School District covers most of the cities of Carrolltonand Farmers Branch and parts of Addison, Coppell, Dallas, and Irving (including Valley Ranch and theNorthern part of Las Colinas). C-FB ISD has twenty-five elementary schools, six middle schools, fourhigh schools, and four education centers. On April 16, 2012, the school district began the process ofLimited Open Enrollment, allowing students living outside the boundaries of the school district toapply to attend the district. In 2010 and 2011, the school district was rated "recognized" by theTexas Education Agency. There are also a number of high quality Dallas ISD schools in theimmediate area for the areas of Carrollton and Addison not incorporated into C-FB ISD.

15200 MIDWAY RD | 13

Page 15: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for

The material contained in this Memorandum isconfidential, furnished solely for the purpose ofconsidering an investment in the properties describedherein, and is not to be used for any other purpose, ormade available to any other person without theexpress written consent of the SLJ Company, LLC. Thematerial is based, in part, upon information obtainedfrom third party sources, which SLJ Company, LLCdeems to be reliable. However, no warranty orrepresentation is made by SLJ Company, LLC or itsaffiliates, agents, or representations as to theaccuracy or completeness of the informationcontained herein. Prospective investors should maketheir own investigations, projections, and conclusionsregarding this investment.

DISCLAIMER & DISCLOSURE 15200 MIDWAY RD | 14

Page 16: FOR INFORMATION · Addison Airport is a public airport in Addison, in Dallas County, Texas. Located just nine miles north of Downtown Dallas, this airport is a convenient option for