forney, texas wellington ridge - range realty advisors | texas commercial real estate · 2019. 11....
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WELLINGTON RIDGE
WELLINGTON RIDGE KAUFMAN COUNTY
RANGE REALTY ADVISORS
3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219
214-416-8222 RANGEREALTYADVISORS.COM
FORNEY, TEXAS
OFFERING SUMMARY
WELLINGTON RIDGE
WELLINGTON RIDGE PROPERTY OVERVIEW
2
Mixed-Use
SWQ of US Hwy 80 and Clemens DrForney, TX 75126
Wastewater: To siteFreshwater: To site
Forney / Sunnyvale / Mesquite
Retail, commercial, medical office, QSR
Kaufman
US Highway 80 @ Clemens Dr: 61,000 VPD (2017)
Tract D (Retail): 4.8 ACTract E (Retail): 6.0 AC
ZONINGLOCATION
UTILITIES SUBMARKET
LAND USECOUNTY
TRAFFIC COUNTLAND AREA FOR SALE
Located less than 30 minutes from Downtown Dallas at the SWQ of US Highway 80 and Clemens Drive, Wellington Ridge is Kaufman County’s latest mixed-use development. The property consists of approximately 130 acres of mixed-use land split into 3 single-family tracts, 1 multifamily tract, and 2 retail tracts, the latter of which are currently for sale.
Wellington Ridge lies in Forney, which is currently one of the fastest-growing cities in Texas, expanding its population by over 70% over the past decade. Additionally, the property is located across US-80 from Travis Ranch, a 1,500-AC master planned community that lies on the south shores of Lake Ray Hubbard. Travis Ranch currently houses 950 families and plans to add another 2000 homes in the near future, making Wellington Ridge a prime location for new retail development.
Call for details
PRICING
WELLINGTON RIDGE CONCEPTUAL SITE PLAN
3
CLEM
ENTS
DR
EW
WELLINGTON RIDGE AERIAL OVERVIEW
4
Blank Map (For Exporting)Texas, AC +/-
Dillon CookP: 214-416-8223 rangerealtyadvisors.com/contact-us/ 3625 North Hall Street, Suite 630, Dallas, TX 75219
The information contained herein was obtained from sourcesdeemed to be reliable. MapRight Services makes no warranties or guarantees as to thecompleteness or accuracy thereof. 844.932.6277 - mapright.com
EW
FORNEY, TX
MESQUITE,
TX
SUNNYVALE, T
X
LAKE RAY
HUBBARD
TRAVIS RANCH
(7300 LOTS) SKYLINE ESTATES (223 LOTS)
CLEMENTS RANCH
WELLINGTON RIDGE INVESTMENT MERITS
55
GROWTH AND QUALITY OF LIFE IN FORNEY, TX
INVESTMENT MERITS
• Economy fueled by job growth, in-migration and corporate relocations.
• DFW residential home supply currently is at a 20-year low with a 2.5 month supply of homes available.
• Corporate relocations help fuel in-migration and job creation. Most notable: Toyota North America, Liberty Mutual, State Farm, and FedEx.
• Home price gains are highest in the U.S. at 9.5% currently.• New home inventory currently at 2,754 in DFW compared to
12,000 in 2006.
• According to the U.S. Census, Forney has an estimated population of 23,727, up 71.6% from the 2010 census.
• Forney has an estimated Median household income of $80,160.• The Forney EDC estimates that approximately 56% of the area’s
$370M retail demand leaks out to neighboring cities, indicating a strong demand for retail development.
THRIVING DFW MARKET
DEVELOPMENT SUPPORT AND INCENTIVES
• No personal income tax in Texas• No corporate income tax in Texas • Low corporate franchise tax
WELLINGTON RIDGE ABOUT US
6
ABOUT US
• Valuations• Conceptual Land Use Planning• Zoning and Regulatory Approvals• Public Improvement District (PID)
Formation• Strategic Marketing Plans• Property Entitlement and Advocacy • Debt and Equity Placement• Property and Asset Management
• Investment Property Sales and Acquisitions
• Advisory and Consulting Services• Finance and Capital Markets• Real Estate Investments and
Management
Range is a full service commercial real estate brokerage, advisory, finance, and investment firm. Our clients include individual, institutional, and international investors, developers, family offices, and governmental entities. We represent clients seeking to acquire or sell real estate assets and assist in maximizing the return on those assets. To that end, we add value to investment real estate properties through procuring entitlement and regulatory approvals; enhancing property value through infrastructure expansion; facilitating public/private partnerships; and negotiating economic incentives from municipalities and other governmental entities.
OUR SERVICESAREAS OF PRACTICEWHAT WE DO
CONTACT INFORMATION
WELLINGTON RIDGE CONTACT INFORMATION
7
CONTACT INFORMATION
7
Our industry experts are here to provide you with the answers you need. Please feel free to contact Range Realty Advisors so that we may further assist you with your real estate needs.
Office: 214-416-8222 Desk: 214-416-8225Cell: 214-683-7431 [email protected]
TOM STERQUELL Senior Vice President
RANGE REALTY ADVISORS
3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219
214-416-8222 RANGEREALTYADVISORS.COM
THIS INFORMATION IS FROM SOURCES BELIEVED TO BE RELIABLE, BUT RANGE REALTY ADVISORS, LLC HAS NOT VERIFIED THE ACCURACY OF THE INFORMATION. RANGE REALTY ADVISORS, LLC MAKES NO GUARANTEE, WARRANTY OR REPRESENTATION AS TO THE INFORMATION, AND ASSUMES NO RESPONSIBILITY FOR ANY ERROR, OMISSION OR INACCURACY. THE INFORMATION IS SUBJECT TO POSSIBILITY OF ERRORS, OMISSIONS, CHANGES OF CONDITION, INCLUDING PRICE, OR WITHDRAWAL WITHOUT NOTICE. ANY PROJECTIONS, ASSUMPTIONS OR ESTIMATES ARE FOR
ILLUSTRATIVE PURPOSES ONLY. RECIPIENTS SHOULD CONDUCT THEIR OWN INVESTIGATION.
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11-2
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5
TYPE
S O
F RE
AL E
STAT
E LI
CEN
SE H
OLD
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A BR
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R is
resp
onsi
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for a
ll br
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age
activ
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ludi
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by
the
brok
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A
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S AG
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t be
spon
sore
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a b
roke
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wor
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ith c
lient
s on
beha
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brok
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A BR
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BY
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parti
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hon
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fairl
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A LI
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SEN
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PART
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ater
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bu
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The
brok
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nd re
spon
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our o
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pres
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agre
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Who
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s pro
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you
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be
mad
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d ho
w th
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be
calc
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LICE
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CO
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FORM
ATIO
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his n
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is b
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pro
vide
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orm
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pur
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s. It
doe
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blig
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for
you
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his n
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bel
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a c
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for y
our r
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Info
rmat
ion
Abou
t Bro
kera
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ervi
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Texa
s law
requ
ires a
ll re
al e
stat
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hol
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to g
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the
follo
win
g in
form
ation
abo
ut
brok
erag
e se
rvice
s to
pros
pecti
ve b
uyer
s, te
nant
s, se
llers
and
land
lord
s.
.
Desig
nate
d Br
oker
of F
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Lice
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Sup
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Advi
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info
@ra
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advi
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.com
214-
416-
8222
Thom
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0558
966
tste
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ll@ra
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ealty
advi
sors
.com
214-
416-
8225
Thom
asSt
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0558
966
tste
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ll@ra
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ealty
advi
sors
.com
214-
416-
8225
Thom
asSt
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0558
966
tste
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ll@ra
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ealty
advi
sors
.com
214-
416-
8225