confidential offering memorandum drive-through …...drive-through restaurant building 904 w...

DRIVE-THROUGH RESTAURANT BUILDING

904 W ELDORADO PKWY, LITTLE ELM, TEXAS 75068

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

CONFIDENTIAL OFFERING MEMORANDUM

FOR SALE *DELIVERED VACANT UPON SALE

TABLE OF CONTENTS 904 W ELDORADO PKWY | 1

I. 2 EXECUTIVE SUMMARY

II. 3 PROPERTY PROFILE

III. 4 AERIAL PHOTOGRAPHS

IV. 6 PROPERTY PHOTOGRAPHS

V. 13 SURVEY

VI. 14 DEMOGRAPHICS

VII. 15 LOCATION MAP

VIII. 16 LOCATION OVERVIEW

IV. 19 DISCLAIMER & DISCLOSURE

EXECUTIVE SUMMARY & HIGHLIGHTS

EXECUTIVE SUMMARY SLJ Company, LLC (“SLJ”) has been exclusively retained to offer for sale 904 W Eldorado Pkwy.

(the “Property”), a freestanding drive-through restaurant building, in Little Elm, Texas. The

Property is currently occupied by Chicken Express but will be delivered vacant upon sale. The

ownership has asked that all prospective buyers do not disturb the current tenant. The Property,

an approximately 2,582 square foot drive-through restaurant building, sits on approximately

32,900 square feet of land in The Lakefront District of Little Elm. The Property boasts an

excellent location with great access and exposure to rapidly growing demographics.

PROPERTY HIGHLIGHTS

EXCELLENT LOCATION Located on W Eldorado Pkwy, between Lewis Dr. and Lobo Ln., the Property is positioned along an

established commercial corridor in Little Elm, Texas. Little Elm’s proximity to Lewisville Lake

makes it a desirable location to both live and visit. The Property benefits from its location within

The Lakefront District of Little Elm, which enjoys attractions such as Hula Hut, Hydrous Wake

Park, the largest swim beach in North Texas just to name a few.

FULLY-EQUIPPED BUILDING The Property is currently a fully-equipped operational restaurant and there is the option for a buyer

of the Property to also purchase all of the fixtures, furniture and equipment.

GREAT ACCESS The Property enjoys its location on W Eldorado Pkwy, one of the most heavily travelled

thoroughfares in Little Elm, which sees over 21,000 vehicles per day. W Eldorado Pkwy. was

recently widened to six lanes to accommodate the rapid growth the Town of Little Elm is

experiencing.

POPULATION GROWTH With a population of approximately 34,812 living within a 3 mile radius of the property, the

Property benefits from a large pool of consumers in close proximity. The average household

income within a 5 mile radius of the property is $114,363 providing the Property exposure to

consumers in close proximity with disposable income. Additionally, the population within a 1 mile

radius of the Property is expected to grow 14.13% from 2016 to 2021, making Little Elm one of

the fastest growing suburbs in the Dallas-Fort Worth Metroplex.

904 W ELDORADO PKWY | 2

PROPERTY PROFILE

ADDRESS 904 W Eldorado Pkwy, Little Elm, Texas 75068

LOCATION The Property is located on W Eldorado Pkwy, between Lewis Dr. and Lobo Ln, in Little Elm,

Texas.

BUILDING SIZE Approximately 2,582 Square Feet

YEAR BUILT 2004

OCCUPANCY Vacant Upon Sale *Do not disturb current tenant*

LAND AREA Approximately 0.755 Acres (32,900 Square Feet)

PARKING Approximately 34 car parks

ZONING “LC” Light Commercial District

TRAFFIC COUNTS W Eldorado Pkwy: 21,044 VPD (2015)

Lobo Ln: 5,410 VPD (2015)


SITE

AERIAL PHOTOGRAPH 904 W ELDORADO PKWY | 4

Lewisville

Lake

SITE

Zellars Center for Learning &

Leadership

Lakeside Middle School

Colin Powell 6th Grade

Center

Hackberry Elementary

School

Little Elm Park

5,4

10

VP

D

Lo

bo

Ln

Cottonwood Park

W E

ldo

rad

o P

kw

y

La

ke

sh

ore

Dr

Palladium USA Lakeside at Little Elm Mixed-Use

AERIAL PHOTOGRAPH 904 W ELDORADO PKWY | 5

PROPERTY PHOTOGRAPHS 904 W ELDORADO PKWY | 6

SURVEY 904 W ELDORADO PKWY | 13

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

2010-2016 2016-2021

1 Mile

3 Mile

5 Mile

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

2010-2016 2016-2021

1 Mile

3 Mile

5 Mile

POPULATION GROWTH

HOUSEHOLD GROWTH

RADIUS 1 MILE 3 MILE 5 MILE

2021 Projection 3,191 34,812 123,643

2016 Estimate 2,796 30,188 107,110

2010 Census 2,350 23,323 82,040


2016 Avg Household Income $79,891 $85,312 $114,363

2016 Med Household Income $65,597 $69,995 $97,081

2016 Median Home Value $193,837 $162,781 $218,512

INCOME COMPARISONS

POPULATION


2021 Projection 1,259 12,311 41,433

2016 Estimate 1,096 10,597 35,763

2010 Census 874 7,707 26,641

HOUSEHOLDS

DEMOGRAPHICS 904 W ELDORADO PKWY | 14


2016 Median Age, Male 34.00 33.30 33.80

2016 Average Age, Male 34.20 33.20 32.80

2016 Median Age, Female 38.70 35.40 35.40

2016 Average Age, Female 38.70 35.10 34.10

AGE

LOCATION MAP 904 W ELDORADO PKWY | 15

APPEAL Little Elm has more miles of shoreline (66 miles) than any city in

DFW. Lakeside amenities off Eldorado Parkway include a cable

wake board park, a boat ramp, a massive swim beach, a marina,

an amphitheater on the water, and many miles of trail. Other

park attractions include the disc golf course at McCord Park on

FM 423.

Because Little Elm is rapidly growing and expanding, most of the

city is new. This new construction not only includes new parks,

government buildings and businesses, but also include a diverse

housing mix of estate residential custom homes, traditional

single-family housing, townhouses, duplexes, multi-family and

manufactured homes. Some of the newer subdivisions include

Paloma Creek, The Towers by the Park and Frisco Ranch.

EDUCATION Three (3) school districts serve Little Elm: Little Elm ISD, Frisco

ISD and Denton ISD. Generally, the U.S. 380 corridor is served by

Denton ISD, the FM 423 corridor and east Little Elm by Frisco

ISD and the rest of Little Elm by Little Elm ISD.

The Little Elm Independent School District serves most of the

original parts of Little Elm. Little Elm ISD is one of the fastest

growing in Denton County. The school district finished building

its athletic stadium in 2006 located at the intersection of Hart

Road and Eldorado Parkway. The stadium is also one of the

largest in the area, with a seating capacity of 7500 (4500 on

home side, 3000 on away side) with great wheelchair

accessibility, a 15 foot by 12 foot electronic video board and a

three level state-of-the-art press box.

During the summer of 2016, Denton ISD completed construction

on its 4th comprehensive high school, Braswell High School,

located at the southeast corner of Navo Road and U.S. 380, to

serve the fast-growing University Drive corridor which is part of

Little Elm.

TRANSPORTATION Little Elm has great access to the rest of the DFW Metroplex via

several regionally significant thoroughfares. The Dallas North

Tollway is a 5-minute drive east of Little Elm, which opens up the

greater north Dallas region to residents, including several large

employment and shopping hubs.

Eldorado Parkway, which functions as Little Elm's main street,

provides a critical connection to the region by linking U.S. 75 and

I-35E, including the Lewisville Lake Toll Bridge. Portions of

Eldorado Parkway are currently under construction by TXDOT and

will be 6-lanes with a divided median.

FM 423 functionally serves as Little Elm's eastern boundary,

although Little Elm crosses east of FM 423 in several places.

This 6-lane thoroughfare, currently under construction by TXDOT,

connects SH 121 in The Colony to the U.S. 380 corridor. The U.S.

380 corridor is in the northern part of Little Elm and provides an

invaluable regional connection between two of the four county

seats of the Metroplex (McKinney and Denton). TXDOT has no

formal plans to expand U.S. 380 in Denton County; however,

sufficient right-of-way exists to provide 8-lanes with a divided

median if TXDOT prioritizes the project.

LOCATION OVERVIEW 904 W ELDORADO PKWY | 16

The material contained in this Memorandum is

confidential, furnished solely for the purpose of

considering an investment in the properties

described herein, and is not to be used for any

other purpose, or made available to any other

person without the express written consent of the

SLJ Company, LLC. The material is based, in part,

upon information obtained from third party

sources, which SLJ Company, LLC deems to be

reliable. However, no warranty or representation

is made by SLJ Company, LLC or its affiliates,

agents, or representations as to the accuracy or

completeness of the information contained herein.

Prospective investors should make their own

investigations, projections, and conclusions

regarding this investment.

DISCLAIMER & DISCLOSURE 904 W ELDORADO PKWY | 19

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