realty 2414 routh st dallas, tx 75201...2414 routh st dallas, tx 75201 1,250 sf retail freestanding...

2414 ROUTH STDALLAS, TX 75201

1,250 SF Retail Freestanding BuildingUptown Dallas

Taylor LeMaster (972) [email protected]

REALTY

Charles Williams (214) [email protected]

OFFER ING MEMORANDUM

WE ARE RETAIL REAL ESTATE EXPERTS

www.inroadsrealty.com

REALTYREALTY 2414 ROUTH S T | 38401 N . C ENTRAL EXPY, S T E . 605 , DALLAS , T EXAS , 75225

OFFERING SUMMARYPrice $650,000.00

Price PSF $520.00

Year Built 1920 (renovated)

Gross Leaseable Area 1,250 SF

Lot Size 0.057 AC

INVESTMENT HIGHLIGHTSBuilding has undergone a recent renovation

Located in the heart of the Uptown district, with close proximity to the Arts District and Downtown areas

Upscale area of Dallas with highest retail sales per square foot

Live-Work-Play environment attracts younger demographics with above average consumer spending for area


TOTAL BUILDING AREA1,250 SF

PROPERTY ADDRESS2414 Routh StreetDallas, Texas 75201

YEAR BUILT1920

LAND AREA0.057 Acres

ZONINGPlanned Development District

BUILDING EXTERIORWood Frame

HVACCentral Heat and Air

LEGAL DESCRIPTIONBLK B/555 PT LOT 1

PHYSICAL DESCRIPTION


Fort Worth NASJrb/Carswell Field

Fort WorthMeacham

Airport

EULESS

MESQUITE

BALCHSPRINGS

HURST

SAGINAW

HASLET

TROPHY CLUBROANOKE

WESTLAKE

CORRAL CITY

KELLERSOUTHLAKE

COLLEYVILLE

GRAPEVINECOPPELL

THE COLONY

FLOWERMOUND

CARROLLTON

ALLEN

WHITESETTLEMENT

BENBROOK

WESTOVERHILLS

EDGECLIFFVILLAGE

BELTJUNCTION

FOREST HILL

MANSFIELD

ARLINGTONGRANDPRAIRIE

DALWORTHINGTONGARDENS

BEDFORD

Fort WorthAllianceAirport

Lake Worth

Grapevine Lake

Lake Lewisville

White Rock Lake

Lake RayHubbard

EagleMountain Lake

820

820

820

820

30

30

30

30

3030

20

20

20

20

20

45

45

Dallas Galleria

PresbyterianDallas

NorthparkMall

RHOME

DECATUR

BRIDGEPORT

FORT WORTH DALLAS

LEWISVILLE

FRISCO

DENTON

NORTH RICHLAND

HILLS

COCKRELL HILL

GARLAND

RICHARDSON

ADDISON

DESOTO

LANCASTERCEDAR

HILL

AREA MAP

SITE


AREA MAP


AboutThe Uptown area is an upscale area north of downtown Dallas. The neighborhood has gone through a dramatic changes over the last decade which has transformed the area into a vibrant live-work-play environment for residents. LocationUptown is nestled in the middle of several affluent neighborhoods including Highland Park, Park Cities, University Park, Cochran Heights, Deep Ellum, Downtown, Oak Lawn and the Stemmons Corridor, allowing residents easy access to everything Dallas has to offer. Resident DemographicsWith a vibrant cultural scene, the district is a top place to call home for millennials in the Dallas area. The uptown neighborhood has a current population of 59,779 residents. The median age of the area is 31.4 years with an average income of $88.044. 68.9 percent of the inhabitants hold a bachelor’s degree or higher. BusinessAn upscale district, Uptown is attractive and home to many businesses. The area boasts a large number of high-quality retailers, restaurants, art galleries, historical sites and more. It’s home to major businesses such as Bain & Company, Boston Consulting Group and Goldman Sachs. Two Fortune 500 companies, Dean Foods, and Holly Frontier, call Uptown home.

New developments include a recently announce 19-story retail high-rise with a Whole Foods anchor off McKinney Avenue. It will feature 150,000 square feet of retail in the completed project. Other developments include a one-acre tract to be developed into a luxury mix-use tower by Trammel Crow. This will add to existing complexes such as Skye of Turtle Creek, Glass House by Windsor, Victory Park Lane and Post Uptown Village. Uptown has exceeded the metro area in terms of rent growth this cycle with vacancy rates in the area continuing to drop. Vacancy rates for Uptown are currently at 3.8%, which are lower than that of nearby Downtown Dallas.

UPTOWN DALLAS MARKET SUMMARY


DEMOGRAPHICS

POPULATION 1 MILE 3 MILE 5 MILE

2018 Total Population 36,775 175,313 366,271

Daytime Population 95,367 274,422 385,703

2010 Census 27,230 147,403 326,184

Population Growth (2010-2018) 35.05% 18.93% 12.29%

Population Growth (2018-2023) 8.18% 6.60% 5.81%

2023 Projection 39,784 186,882 387,562

Average Age 34.80 35.70 35.70

HOUSEHOLDS

Total Households 21,085 81,498 154,429

2023 Projection 39,784 81,498 154,429

2018 Average Household Income $124,862 $98,931 $97,977

2018 Median Household Income $96,584 $68,106 $62,792

Median Home Value $427,278 $379,691 $357,121


CONTACT

ROUTH STREET

Tay lor LeMaster (972) [email protected]

Char les Wi l l i ams (214) [email protected]


DISCLAIMERThis confidential Offering Memorandum has been prepared by Inroads Realty, LLC (“Inroads”) for use by a limited number of parties and has been obtained from sources believed to be reliable. The material contained herein shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of Inroads. Inroads and Owner make no guarantee, warranty or representation about the information contained herein. It is your responsibility to confirm, independently, its accuracy and completeness. You should conduct your own independent investigation and assessment of the contents of this Offering Memorandum, make such additional inquiries as you deem necessary or appropriate and form your own projections without reliance upon the material contained herein. No representation is made by Inroads or Owner as to the accuracy or completeness of the information, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the Property. The information contained in this presentation is highly confidential and subject to change. By accepting and reviewing this Offering Memorandum, you agree to maintain the confidentiality of the information contained herein and agree that you will not reproduce or distribute such information to any other person or use such information for any purpose other than to evaluate your potential interest in the Property and will not use the presentation or any of the contents in any manner detrimental to the interest of the Owner or Inroads. Inroads expressly disclaims any and all liability for statements or representations, express or implied, contained herein or for omissions from the Offering Memorandum or for any other written, oral or other format of communication transmitted to any entity/prospective investor in the course of its evaluation of the proposed transaction. At their sole discretion Owner and Inroads each expressly reserve the right to reject any or all expressions of interest or offers regarding the Property and/or terminate discussions with any entity/prospective investor at any time with or without notice. Owner shall have no legal commitment or obligations to any entity/prospective investor reviewing this Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner, a written agreement for the purchase of the Property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived.

Information About Brokerage ServicesApproved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following in-formation about brokerage services to prospective buyers, tenants,

sellers and landlords.

Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owners agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the

broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:(1) shall treat all parties honestly;(2) may not disclose that the owner Will accept a price less that the asking price unless authorized in writing to do so by the owner;(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out Instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, If any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). if you have a question or com-plaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188, 512-936-3000 (http://www.trec.texas.gov)

Buyer, Seller, Landlord or Tenant Date

TREC No. OP-K

realty 2414 routh st dallas, tx 75201...2414 routh st dallas, tx 75201 1,250 sf retail freestanding...

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