Acres. SWC of Wintergreen Road and Cockrell Hill Road, Desoto, Texas 75115

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1 Acres Location: Size: Frontage: Topography: SWC of Wintergreen Road and Cockrell Hill Road, Desoto, Texas ,150 SF or Acres 958 FF on Wintergreen and a depth of 500 Feet on Cockrell Hill Road General Retail Slopes from west to east with the grade of the streets. Small wooded area accommodates water run off. There is developed drainage ditch along the east line to the north east corner. Traffic Count: 1 Mile 3 Miles 5 Miles Pop (2012): 6,196 57, ,171 Avg. Income: $96,446 $68,812 $64,115 Contact: Ray Garfield M Glenn Garfield

2 View East along Wintergreen View West along Wintergreen

3 View looking north east View looking east View looking north from south east line View looking west from NE corner Intersection at Wintergreen and Cockrell Hill looking south

4 Drainage ditch and culvert at NE corner of site Homes in neighborhood to the south Homes in neighborhood to the west

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7 MARKET ANALYSIS SingeFamily Residential Residential sales activity within the submarket, for the years from 2005 to 10 months into 2013, is shown below. The volume of sales increased until 2006, then began to decline. The average price per SF at $65.00 peaked in 2006 as did the average home Sale Price of $139,003. The turn happened in 2012 with more sales activity; stability in pricing and it has continued during The final table shows new home sales activity for the submarket and its average pricing. The Per SF historical peak was $74.25 in 2006 but 2013 has set a new high at $77.97 per SF. Res Sales 2005 Res Sales 2006

8 Res Sales 2007 Res Sales 2008 Res Sales 2009 Res Sales 2010 Res Sales 2011

9 Res Sales 2012 Res Sales to 9/30/2013 Recovery appears to be happening shows monthly sales of 137 units and 2013 shows monthly sales of 147 units. The average listing price and sales price are up. Sales prices are up 11.8% and are at the price seen in New Home Sales Built between 2005 and Sept 2013 and Sold between Jan 2005 and Sept 30, 2013 This summary includes initial sales and resales of new homes, while the table below attempts to show the first time sale of newly constructed homes. The following table looks at homes built during a 24 month period. For year 2005 it asked for homes built in 2004 and 2005 that sold between 1/1/2005 and 12/31/2005. All subsequent years followed the same criteria. Year No. Sold Avg List Avg Sale Avg Size $/SF $173, $169, ,477 $ $195, $191, ,583 $ $198, $189, ,642 $ $203, $194, ,714 $ $191, $183, ,603 $ $184, $178, ,595 $ $184, $177, ,547 $ $191, $181, ,487 $ $201, $191, ,466 $ ,112 $191, $184, ,568 $71.75

10 The above table continues to illustrate the market turn with high list prices and corresponding high sale prices. In Dallas, we know the bailout and home loan trouble began in 2008 and that the new home industry was halted due to the lack of financing and diminished demand. Job loss increased and instability slowed the economy. During the period 2005, 2006 and 2007, there were 576 new homes sold and they averaged in price $71.60 per SF. During 2009, 2010 and 2011 there were 219 homes sold (62% fewer) and they averaged $69.60 per SF, a 2.8% decline in price. Now in 2013 we see growing sales activity and the highest price per SF for the study periods.

11 Information collected from a source considered reliable but availability and rates are subject to change. This copyrighted report contains research licensed to Group /14/2013 Page 1

12 1 742 E Belt Line Rd Vacant Land FOR SALE Cedar Hill, TX Dallas County Listing Broker: Eliot Realty, Inc Richard Berry 4851 Keller Springs Rd Addison, TX (972) (972) Asking Price: $2,378,376 Sale Type: Investment $/AC Land Gross: $152, ($3.50/SF) Land Area: AC (679,536 SF) Days on Market: 4549 Lot Dimensions: Sale Status: Active Proposed Use: Commercial... Density: Topography: Level Parcel No: , LR Map Page: Mapsco 82ED W Belt Line Rd 5.33 Acres FOR SALE DeSoto, TX Dallas County Listing Broker: Amax Investment Company Serena Kong 2540 K Ave Plano, TX (972) (972) Asking Price: $550,000 Sale Type: $/AC Land Gross: $103, ($2.37/SF) Land Area: Days on Market: 1293 Lot Dimensions: Sale Status: Active Proposed Use: Density: Topography: Parcel No: Level H03A0000 Investment 5.33 AC (232,175 SF) Irregular Retail General Retail N Cockrell Hill Rd FOR SALE DeSoto, TX Dallas County Listing Broker: Assured Realty Krisha Morris 5613 Blue Bird Ave Dallas, TX (817) (972) Asking Price: $875,000 Sale Type: Investment $/AC Land Gross: $98, ($2.27/SF) Land Area: 8.86 AC (386,125 SF) Days on Market: 2743 Lot Dimensions: Irregular Sale Status: Active Proposed Use: Commercial... Density: Topography: Level Parcel No: GR Information collected from a source considered reliable but availability and rates are subject to change. This copyrighted report contains research licensed to Group /14/2013 Page 1

13 4 102 W Danieldale Rd Acres FOR SALE DeSoto, TX Dallas County Listing Broker: Assured Realty Krisha Morris 5613 Blue Bird Ave Dallas, TX (817) (972) Asking Price: $700,000 Sale Type: $/AC Land Gross: $61, ($1.41/SF) Land Area: Days on Market: 21 Lot Dimensions: Sale Status: Active Proposed Use: Density: Investment AC (494,842 SF) Irregular Commercial LI Map Page: Mapsco 74KD Parcel No: N Hampton Rd FOR SALE DeSoto, TX Dallas County Listing Broker: Sperry Van Ness / Visions Realty & Investments 5601 Bridge St Fort Worth, TX (817) Stephen Fithian (817) Listing Broker: Sperry Van Ness Trevor Dyck 3108 W 5th St Fort Worth, TX (817) (817) Asking Price: $1,915,281 Sale Type: Investment $/AC Land Gross: $174, ($4.00/SF) Land Area: 11 AC (479,160 SF) Days on Market: 2264 Lot Dimensions: Sale Status: Active Proposed Use: Commercial... Density: Retail/office Parcel No: , , , [Partial List] Information collected from a source considered reliable but availability and rates are subject to change. This copyrighted report contains research licensed to Group /14/2013 Page 2

14 6 817 E Pleasant Run Rd FOR SALE Cedar Hill, TX Dallas County Listing Broker: James M. Brown Partners and Spring Haven Investmen 6750 Hillcrest Plaza Dr Dallas, TX (972) Jim Brown (972) Asking Price: $961,826 Sale Type: $/AC Land Gross: $172, ($3.95/SF) Land Area: Days on Market: 801 Lot Dimensions: Sale Status: Active Proposed Use: Density: Topography: Level Parcel No: Investment 5.59 AC (243,588 SF) Commercial LR 7 Quadrant Of Beltline & Jo FOR SALE Cedar Hill, TX Dallas County Listing Broker: Whisenant Properties, Inc Preston Whisenant N Dallas Pky Dallas, TX (972) (972) Asking Price: $2,439,360 Sale Type: $/AC Land Gross: $174, ($4.00/SF) Land Area: Days on Market: 473 Lot Dimensions: Sale Status: Active Proposed Use: Density: Investment 14 AC (609,840 SF) Commercial LR Parcel No: Showcase Dr FOR SALE Cedar Hill, TX Dallas County Listing Broker: Century 21 Judge Fite Company David Barnhart 2083 Summer Lee Dr Rockwall, TX (972) (972) Asking Price: $1,700,000 Sale Type: $/AC Land Gross: $141, ($3.26/SF) Land Area: Days on Market: 748 Lot Dimensions: Sale Status: Active Proposed Use: Density: Investment OR Owner/User AC (521,849 SF) Commercial LR Parcel No: C Information collected from a source considered reliable but availability and rates are subject to change. This copyrighted report contains research licensed to Group /14/2013 Page 3

15 9 SWC Hampton & Wintergreen FOR SALE DeSoto, TX Dallas County Listing Broker: Triumph Commercial Real Estate Mark Hajdu 8150 N Central Expy Dallas, TX (214) (214) Asking Price: $2,265,000 Sale Type: Investment $/AC Land Gross: $174, ($4.00/SF) Land Area: 13 AC (566,280 SF) Days on Market: 438 Lot Dimensions: Sale Status: Active Proposed Use: Commercial... Density: GR Parcel No: Information collected from a source considered reliable but availability and rates are subject to change. This copyrighted report contains research licensed to Group /14/2013 Page 4

16 DeSoto Economic Development Corporation OnLine Mission 1 of 4 10/28/2013 3:08 PM Fast Facts COMMUNITY PROFILE DESOTO IS AN ALLAMERICA CITY Nestled among trees and rolling hills of Southwestern Dallas County, DeSoto offers diverse housing options, friendly neighborhoods, a great school system, updated parks, nice restaurants, and name brand retail locations. Demographics Population: 49,047 Growth Rate: 26% since 2000 Median Age: 38.2 Per Capita Income: $28,375 Avg. HH Income: $82,311 Population Age 25+ High School Degree or Higher: 88.6 Population Age 25+ Associate s Degree or Higher: 38.0 Education: DeSoto ISD has several recognized schools serving over 8,700 students. Visit Public Library: Excellent multimedia facility Source: NTCG and Claritas, Inc., June 2011 Plentiful Labor Supply The Dallas/Fort Worth Metroplex (MSA) employs a labor force of more than 3,013,775 workers. DeSoto draws from the skilled labor force, and the over 35 universities and community colleges in the Dallas/Fort Worth Metroplex. The largest employers in DeSoto include retailers, manufacturers, healthcare providers, a publisher and governmental organizations. Utilities

17 DeSoto Economic Development Corporation OnLine Mission 2 of 4 10/28/2013 3:08 PM Electric Power: Oncor Electric Delivery Natural Gas: Atmos Energy Water/Sewer: City of DeSoto Telecommunications: AT&T, Time Warner Aggressive and Flexible Incentives Economic development incentives are used to encourage industrial and commercial retail/office business growth and development in DeSoto. Tax Abatement 100% Tax abatement may be available for up to 10 years on new real property improvements, machinery, and/or new equipment for qualifying businesses. Minimum requirements are: An investment of $1.0 million for new construction or development, or an investment of $1.0 million for expansion of an existing facility or investment in machinery and/or equipment. Application for abatement is required prior to the commencement of construction or purchase of business personal property. Triple Freeport Equivalency Under Section 380 of the Local Texas Government Code, the City may grant cash rebates to a business to equal up to 100% of the value of the taxed freeport inventory. Inventory must first qualify for freeport through the Dallas Central Appraisal District and the Dallas ISD. Infrastructure Participation The DeSoto EDC will consider offering full or partial financial assistance to build and/or improve roads, install utilities, and upgrade infrastructure to encourage business growth and development in DeSoto. Sales Tax Rebates The City of DeSoto will consider refunding a portion of the sales tax applicable to sales made by desired retail establishments in designated neighborhood empowerment zones. Economic Development Cash Grants Grants may be available to new, expanding, and relocating companies which are planning to make a new investment in DeSoto. Grants are screened by the incentive application submitted and a return on investment analysis. These grants may be used to renovate existing facilities, pay any associated construction fees, buy down the price of land, prepare the site, conduct engineering studies, or pay for any other activity necessary for a new, expanding, or relocating business. Income Tax The State of Texas does not impose a personal or corporate income tax. Texas is also a RightToWork state.... LOVE AT FIRST SITE DESOTO IS THE PLACE TO BUILD YOUR COMPANY S FUTURE DeSoto s superb location, competitive land prices ranging from $.50 to $1.50 per sf, beautiful and developed business parks, ethnic diversity, educated and skilled workforce, and probusiness attitude offer a bright future for new, relocating, and expanding businesses! Strategically located in the DFW Metroplex at the crossroads of I20 and I35E, just 12 miles from downtown Dallas and 22 minutes from the DFW International Airport, the City of DeSoto offers your company a strong foundation on which to flourish. The DeSoto Economic Development Corporation (DEDC) works hard to support new and expanding companies and creatively customizes incentive packages based on individual business needs. What DeSoto has to offer:

18 DeSoto Economic Development Corporation OnLine Mission 3 of 4 10/28/2013 3:08 PM More than 400 acres of land are available for industrial and commercial development with immediate access to I35E (NAFTA) and I20. U.S. 67 and I45 offer strategic connections to portions of Texas and the United States. This area is home to leading companies such as Kohl s, McGrawHill Publishing, DIAB, ZEP Manufacturing, Solar Turbines, Kauffman Tire, DW Distribution, The Warrior Group and WalMart Distribution. Hillwood Development has recently completed construction on the first phase of a 2.3 million square foot commercial center known as Crossroads Trade Center located on I35 and Centre Park Blvd. Kohl s New 951,000 sf ECommerce Distribution Hub This new facility will ensure that Kohl s is able to accommodate the tremendous growth of our Kohls.com business. We anticipate creating approximately 400 jobs for the community in a phased approach over the next 3 years. Ken Bonning, Kohl s Executive Vice President of store planning and logistics. Central Time Zone Reach 93% of the U.S. market by truck in 2 days DESOTO IS STRATEGICALLY POSITIONED TO REACH ALL MAJOR HIGHWAY AND INTERSTATE CONNECTIONS IN THE DFW METROPLEX EastWest I20, located less than a mile north of DeSoto, provides direct access to Tyler and Shreveport, east of the Metroplex and Fort Worth to the west. I30, accessible via I20 & I635, provides direct access to Little Rock. NorthSouth DeSoto offers 4 miles of frontage along the west side of I35E (NAFTA). I35E extends southward to Austin and San Antonio and northward to Oklahoma City and Kansas City. U.S. Highway 67 intersects DeSoto on the west at Wheatland Road and I35E to the north in Dallas. Air Service DFW International Airport DFW International Airport is ranked as the third busiest airport in the world and serves more than 60 million passengers with nearly 1,900 flights per day. DFW provides nonstop service to over 36 international and 133 domestic destinations. Flying times to any major North American city takes less than four hours. Dallas Love Field Dallas Love Field is served by Southwest, American/American Eagle & Continental Express airlines, offering passenger service to U.S. locations.

19 DeSoto Economic Development Corporation OnLine Mission 4 of 4 10/28/2013 3:08 PM DeSoto Heliport The DeSoto Heliport, located in the Eagle Business & Industrial Park, will elevate DeSoto as an economic and transportation center. DeSoto s urban heliport will fulfill the vision of a vertical flight facility and contribute to the growth of North Texas aviation. Dallas Executive Airport Dallas Executive Airport is a public commercial airport serving local businesses. Facilities include a 6,451 ft. concrete/asphalt CWlway, fixed base operations and instrument landing system. Lancaster Airport This reliever airport fronts the south side of Belt Line Road east of I35E. The 6,934 ft. asphalt CWlway is capable of accommodating single engine as well as large corporate aircraft. DeSoto Economic Development Corporation 211 E. Pleasant Run Road DeSoto, Texas (fax) Home DEDC Leadership Community Profile Site Selection Economic Development Resources News & Events DEDC Board Meetings & Agendas Contact Us All Rights reserved 2013 Connect with DEDC Facebook Linked In