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TOWNES ON TENTHTOWNHOMES

O F F E R I N G M E M O R A N D U M

A L U X U R Y T O W N H O M E C O M M U N I T Y I N P F L U G E R V I L L E , T E X A S

N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E

C O N F I D E N T I A L I T Y & D I S C L A I M E RThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus

& Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared

to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained

herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect

to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements,

the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon,

or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained

in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information

contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy

or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service

mark of Marcus & Millichap Real Estate Investment Services, Inc.

© 2018 Marcus & Millichap. All rights reserved.

N O N - E N D O R S E M E N T N O T I C EMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's

logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or

any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to

prospective customers.

A L L P R O P E R T Y S H O W I N G S A R E B Y A P P O I N T M E N T O N L Y .P L E A S E C O N S U L T Y O U R M A R C U S & M I L L I C H A P A G E N T F O R M O R E D E T A I L S .

OFFICES THROUGHOUT THE U.S. AND CANADAwww.marcusmillichap.com


K E N T M Y E R SFirst Vice President Investments

Austin, TexasDirect: (512) 338-7853

[email protected]: TX 0561047

E X C L U S I V E L Y L I S T E D B Y

TABLE OF CONTENTS

R E N T C O M PA R A B L E S / / 3 1

04

E X E C U T I V E S U M M A RY / / 7

01 P R O P E R T Y D E S C R I P T I O N / / 1 3

02F I NA N C I A L A NA LY S I S / / 2 5

03

05M A R K E T O V E RV I E W / / 3 9

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap


Executive Summary

o f f e r i n g s u m m a r y

s u m m a r y o f t e r m s

i n v e s t m e n t o v e r v i e w

i n v e s t m e n t h i g h l i g h t s

s e c t i o n 1

O F F E R I N G S U M M A R Y

TOWNES ON TENTH

Rentable Square Feet 140,164 SF

Number of Buildings 24

Number of Stories 2

Year Built 2015

Lot Size 9.35 Acres

Price to Be Determined By MarketTotal Price 93 Total

Units

E X E C U T I V E S U M M A R Y8

I N T E R E S T O F F E R E DMarcus & Millichap has been selected to exclusively market for sale Townes on Tenth, a

luxury townhome community in Pflugerville, Texas.

T E R M S O F S A L ETownes on Tenth is offered on an Open Bid basis free and clear of existing debt.

P R O P E R T Y T O U R SProspective purchasers are encouraged to visit the subject property prior to submitting offers.

However, all property tours must be arranged with the Marcus & Millichap listing agents.

At no time shall the tenants, on-site management or staff be contacted without prior

approval.

S U M M A R Y O F T E R M S

E X E C U T I V E S U M M A R Y 9

E X E C U T I V E S U M M A R Y10

I N V E S T M E N T H I G H L I G H T S

Townes on Tenth is a luxury modern townhome community located in Pflugerville, Texas. Built in 2015, the complex consists of 93 townhome units arranged in 24 two-story buildings made of wood frame with masonry siding and

pitched roofs. Townes on Tenth offer five spacious floorplans consisting of one 2 bedroom/ 2.5 bathroom plan measuring 1,438 square feet and four different 3 bedroom/ 3.5 bathroom plans ranging from 1,424 to 1,662 square

feet. Townes on Tenth is focused on providing residents a comfortable and convenient place to call home. Each unit boasts an attached two-car garage, stainless steel appliances, granite countertops, cultured marble finishes, high

ceilings, blinds throughout, garden tubs, and washer/dryer connections. The Townes on Tenth community keeps well-maintained common areas with lush landscaping and offer residents a resort-style swimming pool, a large pavilion, several picnic tables and plenty of open grass areas for themselves and their pets to enjoy. A best-in-class asset, this

unique offering provides investors with upside potential and long-term value appreciation.

TOWNES ON TENTH TOWNHOMES

1200 South 10th Street, Pflugerville, TX 78660

Class A New Modern Construction With Luxury Amenities

13 Miles from Downtown Austin

Booming Austin Economy & Rapid Population Growth

Close Proximity to Apple's Forthcoming Billion Dollar Campus & Austin's Future 21,000-seat MLS Stadium

"Austin is the Best Place in America for Starting a Business." (Inc. - Dec. 2018)

"Austin is the Best Big City to Live in Right Now." (MONEY - Nov. 2018)E X E C U T I V E S U M M A R Y 11


Property Description

r e g i o n a l m a p s & a e r i a l p h o t o g r a p h s

p r o p e r t y d e t a i l s

a m e n i t i e s

p h o t o g r a p h s

s e c t i o n 2

TOWNES ON TENTH

P R O P E R T Y D E S C R I P T I O N14

P R O P E R T Y D E S C R I P T I O N 15

93 UNITS

T O W N E S O N T E N T H


PROPERT Y DESCRIPTION // Townes on Tenth

Number of Units 93Year Built 2015Number of Buildings 24Number of Stories 2Acreage 9.35 AcresConstruction Wood FrameExterior Masonry SidingRoof Type Pitched Rentable Square Footage 140,164 SFParking Attached 2-Car Garage Per Unit

Plus Open Driveway and Curb Parking

FEESApplication Fee $55 Per PersonSecurity Deposit $500

UTILITIESUTILITY SERVICE PROVIDER PAID BYElectricity Ambit Energy / Stream Electricity ResidentWater / Sewer City of Pflugerville ResidentCable/ Internet AT&T Resident

PETSDeposit $300One-Time Fee $200Policies Breed Restrictions

2 Pet Limit

TAXES2018 Assessed Value $15,400,000Tax Rate 2.577021%

SCHOOLSPflugerville ISD 33 Schools; ~25,000 Students


C o m m o n A r e aA M E N I T I E S

• Sparkling Swimming Pool With Sundeck

• Large Community Pavilion

• Picnic Tables

• Pet Friendly

• Lush Landscaping

• Plenty of Open Grass Areas


L i v i n g U n i tA M E N I T I E S

• Attached Two-Car Garage

• Stainless Steel Appliances

• Granite Countertops

• Cultured Marble Finishes

• High Ceilings

• Blinds Throughout

• Garden Tubs

• Washer/Dryer Connections



Financial Analysis

r e n t r o l l s u m m a r y

o p e r a t i n g s t a t e m e n t

s e c t i o n 3

RENT ROLL SUMMARY // Townes on Tenth

Unit Distribution Unit Rent

SCHEDULED POTENTIAL

UNIT TYPE # OF UNITS AVG SF AVG RENT AVG RENT/SFMONTHLY INCOME

AVG RENTAVG

RENT/SFMONTHLY INCOME

2 Bedroom 2 Bathroom 5 1,438 $1,645 $1.14 $8,225 $1,645 $1.14 $8,225

2 Bedroom 2 Bathroom Yard 13 1,438 $1,695 $1.18 $22,035 $1,695 $1.18 $22,035

3 Bedroom 2.5 Bathroom 2 1,424 $1,725 $1.21 $3,450 $1,725 $1.21 $3,450



3 Bedroom 2.5 Bathroom Yard 15 1,481 $1,825 $1.23 $27,375 $1,825 $1.23 $27,375





Totals/Weighted Averages 93 1,507 $1,797 $1.19 $167,085 $1,797 $1.19 $167,085

Gross Annualized Rents $2,005,020 $2,005,020

F I N A N C I A L A N A L Y S I S26

INCOME YTD 8/2018 ANN. YEAR 1

Gross Scheduled Rent $1,953,840 $2,005,020

Less: Vacancy/Deductions 13.4% $261,562 9.0% $180,644

Total Effective Rental Income $1,692,278 $1,824,376

Other Income $61,886 $61,886

Effective Gross Income $1,754,164 $1,886,262

Less: Expenses 49.1% $861,212 46.3% $873,389

Net Operating Income $892,951 $1,012,873

Cash Flow $892,951 $1,012,873

Debt Service $582,000 $582,000

Net Cash Flow After Debt Service 3.89% $310,951 5.39% $430,873

Principal Reduction $0 $0

Total Return 3.89% $310,951 5.39% $430,873

EXPENSES YTD 8/2018 ANN. YEAR 1

Real Estate Taxes $396,861 $412,323

Insurance $45,591 $45,591

Utilities - Electric $16,822 $16,822

Utilities - Water & Sewer $48,327 $48,327

Contract Services $78,455 $78,455

Repairs & Maintenance $49,644 $49,644

Marketing & Advertising $14,016 $14,016

Leasing Commissions & Fees $66,081 $66,081

General & Administrative $5,780 $5,780

Make Ready $9,355 $9,355

Operating Reserves $23,250 $23,250

Management Fee $107,030 $103,744

Total Expenses $861,212 $873,389

Expenses/Unit $9,260 $9,391

Expenses/SF $6.14 $6.23

OPERATING DATA // Townes on Tenth

F I N A N C I A L A N A L Y S I S 27

OPERATING STATEMENT // Townes on Tenth

INCOME YTD 8/2018 ANN. YEAR 1 NOTES PER UNIT PER SF

Gross Potential Rent 2,005,020 2,005,020 21,559 14.30

Loss/ Gain to Lease (51,180) 2.6% 0 [1] 0 0.00

Gross Scheduled Rent 1,953,840 2,005,020 21,559 14.30

Physical Vacancy (172,268) 11.5% (100,251) 5.0% (1,078) (0.72)

Economic Vacancy

Bad Debt (3,377) 0.2% (3,377) (36) (0.02)

Concession (85,918) 4.4% (77,016) [4] (828) (0.55)

Total Vacancy ($261,562) 13.4% ($180,644) 9.0% ($1,942) ($1)

Economic Occupancy 86.61% 90.99%

Effective Rental Income 1,692,278 1,824,376 19,617 13.02

Other Income

Utility Bill-Back 33,500 33,500 360 0.24

All Other Income 28,386 28,386 305 0.20

Total Other Income $61,886 $61,886 $665 $0.44

Effective Gross Income $1,754,164 $1,886,262 $20,282 $13.46

NOTES ► [1] Property is expected to burn all loss to lease in year one given current leasing efforts and market conditions

► [4] Value is July annualized

F I N A N C I A L A N A L Y S I S28

OPERATING STATEMENT // Townes on Tenth

EXPENSES YTD 8/2018 ANN. YEAR 1 NOTES PER UNIT PER SF

Real Estate Taxes 396,861 412,323 [5] 4,434 2.94

Insurance 45,591 45,591 490 0.33

Utilities - Electric 16,822 16,822 181 0.12

Utilities - Water & Sewer 48,327 48,327 520 0.34

Contract Services 78,455 78,455 [2] 844 0.56

Repairs & Maintenance 49,644 49,644 534 0.35

Marketing & Advertising 14,016 14,016 151 0.10

Leasing Commissions & Fees 66,081 66,081 711 0.47

General & Administrative 5,780 5,780 [3] 62 0.04

Make Ready 9,355 9,355 101 0.07

Operating Reserves 23,250 23,250 250 0.17

Management Fee 107,030 6.1% 103,744 5.5% 1,116 0.74

Total Expenses $861,212 $873,389 $9,391 $6.23

Expenses as % of EGI 49.1% 46.3%

Net Operating Income $892,951 $1,012,873 $10,891 $7.23

► [5] Year one taxes are 80% of the proposed sale value by the Travis County mil rate of 2.577021

► [2] Includes: Pest Control, Landscaping, Trash, and other contracted services

► [3] General & Administraive plus professional fees

NOTES

F I N A N C I A L A N A L Y S I S 29


Rent Comparabless e c t i o n 4

2

7

6

5

43

1

93 UNITS


8

R E N T C O M P A R A B L E S32

PROPERTIES# OF

UNIT SDISTANCE FROM

SUBJECTAVER AGE

SQUARE FEETAVER AGE

RENTAVER AGE RENT PER

SQUARE FO OT

TOWNES ON TENTH// 1200 S outh 10th Stre et , Pf luger v i l le , T X 78660 93 1,507 $1,797 $1.19

1 T H E H IG H L A N D S// 1501 S. Heather w i lde Blvd, Pf luger v i l le , T X 78660 292 1.3 Mi 1,122 $1,397 $1.25

2 W I N DE R M E R E TOW N HOM E S// 15906-15918 Windermere Drive, Pf luger v i l le , T X 78660 80 2.0 Mi 1,247 $1,290 $1.04

3 L E G AC Y R E N TA L HOM E S// 1108 L egac y Drive, Pf luger v i l le , T X 78660 83 2.2 Mi 1,485 $1,895 $1.28

4 WA L DE N S QUA R E TOW N HOM E S// 1417 E Pfennig L ane, Pf luger v i l le , T X 78660 82 3.0 Mi 1,501 $1,928 $1.29

5 N X N E// 14233 The L akes B ou le vard, Pf luger v i l le , T X 78660 375 3.4 Mi 995 $1,450 $1.46

6 A M BRO SIO// 14301 N IH 35, Pf luger v i l le , T X 78660 375 3.7 Mi 995 $1,495 $1.50

7 C E N T U RY STON E H I L L NORT H// 1316 Tow n C enter Dr, Pf luger v i l le , T X 78660 414 4.3 Mi 1,330 $1,577 $1.18

8 D OU BL E E AG L E TOW N HOM E S// 405 Winterf ield Drive, Hutto, T X 78634 61 7.4 Mi 1,324 $1,895 $1.24

Averages 1,278 $1,636 $1.27

RENT COMPARABLES // Townes on Tenth

R E N T C O M P A R A B L E S 33

UNIT T YPE SQUARE FEET RENT RENT/SF

2 Bed / 2 Bath 975 $1,265 $1.30

2 Bed / 2 Bath 1,092 $1,375 $1.26

3 Bed / 2 Bath 1,300 $1,550 $1.19

TOTAL/WTD. AVG. 1,122 $1,397 $1.25

T H E H I G H L A N D S 1501 S . Heather wi lde Blvd, Pf luger vi l le , T X 78660

1


2 Bed / 2.5 Bath 1,438 $1,670 $1.16

3 Bed / 2.5 Bath 1,424 $1,763 $1.24

3 Bed / 2.5 Bath 1,481 $1,788 $1.21

3 Bed / 2.5 Bath 1,551 $1,813 $1.17

3 Bed / 2.5 Bath 1,622 $1,863 $1.15

TOTAL/WTD. AVG. 1,507 $1,797 $1.19

TotalUnits 93 Total

Occupancy93% YearBuilt 2015T O W N E S O N T E N T H

1200 S outh 10th Street , Pf luger vi l le , T X 78660

TotalUnits292 Total

Occupancy95% YearBuilt 2017



3 Bed / 2 Bath 1,440 $1,795 $1.25

3 Bed / 2.5 Bath 1,529 $1,995 $1.31

TOTAL/WTD. AVG. 1,485 $1,895 $1.28

L E G A C Y R E N T A L H O M E S 1108 Legac y Drive, Pf luger vi l le , T X 78660

3


2 Bed / 1.5 Bath 1,087 $1,199 $1.10

2 Bed / 2 Bath 1,144 $1,275 $1.12

2 Bed / 2.5 Bath 1,173 $1,300 $1.11

2 Bed / 2.5 Bath 1,347 $1,200 $0.89

3 Bed / 2.5 Bath 1,486 $1,475 $0.99

TOTAL/WTD. AVG. 1,247 $1,290 $1.04

TotalUnits80 Total

Occupancy96% YearBuilt 2013W I N D E R M E R E T O W N H O M E S

15906-15918 Windermere Drive, Pf luger vi l le , T X 78660

TotalUnits83 Total

Occupancy88%* YearBuilt 2018

2

*Low occupancy due to Phase II delivering Oct. 2018



2 Bed / 2 Bath 995 $1,450 $1.46

TOTAL/WTD. AVG. 995 $1,450 $1.46

N X N E 14233 The L akes B oulevard, Pf luger vi l le , T X 78660

5


3 Bed / 2 Bath 1,432 $1,875 $1.31

3 Bed / 2 Bath 1,449 $1,900 $1.31

3 Bed / 2.5 Bath 1,621 $2,010 $1.24

TOTAL/WTD. AVG. 1,501 $1,928 $1.29

TotalUnits 82 Total

Occupancy72%* YearBuilt 2018WA L D E N S Q U A R E T O W N H O M E S

1417 Pfennig L ane, Pf luger vi l le , T X 78660

TotalUnits 375 Total



2 Bed / 2 Bath 995 $1,495 $1.50

TOTAL/WTD. AVG. 995 $1,495 $1.50

TotalUnits 375 Total

Occupancy89% YearBuilt 2017A M B R O S I O

11519 Pecan Creek Parkway, Aust in , T X, 78750

6

4

*Low occupancy due to Phase II delivering Oct. 2018



2 Bed / 1 Bath 1,077 $1,300 $1.21

2 Bed / 1 Bath 1,181 $1,345 $1.14

2 Bed / 2 Bath 1,259 $1,420 $1.13

2 Bed / 2 Bath 1,387 $1,595 $1.15

3 Bed / 2 Bath 1,498 $1,660 $1.11

3 Bed / 2 Bath 1,579 $2,140 $1.36

TOTAL/WTD. AVG. 1,330 $1,577 $1.18

C E N T U R Y S T O N E H I L L N O R T H1316 Town C enter Dr, Pf luger vi l le , T X 78660

7TotalUnits 414 Total



2 Bed / 2 Bath 1,156 $1,475 $1.26

3 Bed / 2 Bath 1,369 $1,700 $1.24

3 Bed / 2 Bath 1,448 $1,850 $1.28

TOTAL/WTD. AVG. 1,324 $1,675 $1.24

D O U B L E E A G L E T O W N H O M E S 405 Winter f ie ld Drive, Hutto, T X 78634

8TotalUnits61 Total




Market Overview

c i t y o v e r v i e w

l o c a l a t t r a c t i o n s

d e m o g r a p h i c s

s e c t i o n 5

PFLUGERVILLET E X A S

P O P U L A T I O N6 1 , 6 3 8

M A R K E T O V E R V I E W40

Pflugerville is a vibrant and thriving suburb in Texas, about thirteen miles north of downtown Austin and seven miles south of Round Rock. Located in Travis County, Pflugerville is part of the Austin-Round Rock MSA, the fourth largest region in Texas. From 2016-2017, Pflugerville was ranked as the nation’s third-fastest growing city by the U.S. Census Bureau. Pflugerville attracts residents with its proximity to Austin, high-rated school districts, enveloping beauty of the Texas Hill Country and Lower Colorado River Lake System, favorable business climate, and family-friendly environment.

Pflugerville is centrally located in Texas with both north-south and east-west highway access. Located at the nexus of all major arterials of the region, Pflugerville residents enjoy easy access to thoroughfares including Interstate 35, Texas Highway 45, Texas Highway 130, U.S. 290, and Highway 183. Interstate 35 is a major north-south corridor that gives access north to Dallas and south to San Antonio. In addition, Pflugerville is twenty miles from the Austin-Bergstrom International Airport.

The demographics of Pflugerville show a median age of 37 years, a median household income of over 80,000, and nearly 40% of residents holding a Bachelor’s degree or higher; these assets have positive implications for labor availability and retail sales revenue.

C i t y O fP F L U G E R V I L L E Business

Business is a key part of Pflugerville’s community. Companies are drawn to the city because of its pro-business climate, highly skilled workforce, easy access to Austin, and low cost of doing business. Pflugerville is just north of the Tech Ridge District, home to General Motors and Dell’s South Campus among others. Pflugerville also benefits from being just miles from Austin and Round Rock, which both house a vast number of regional and corporate headquarters including Apple, IBM, Accenture, National Instruments, and Applied Materials.

Quality of L ifePflugerville was named among “America’s Best Places to Live” by Money Magazine in 2012, 2013, 2015 and 2017 for its recreation opportunities, festivals, and affordability. A chief reason for the high quality of life in Pflugerville is the beauty and recreation. Among the 30+ city parks the town is home to includes Lake Pflugerville Park. The 180-acre reservoir has become the city’s most popular playground, open for fishing, swimming, jogging, canoeing, kayaking, and wind surfing. The park also includes a 3-mile walking/jogging trail, playground, boat launch, pavilion, and beach area. Downtown Pflugerville is a quaint area home to numerous unique shops and restaurants and where annual events like the Pfall Chili Fest happen. Residents of Pflugerville are also lucky enough to be a short distance from downtown Austin, which offers plenty of its own recreation and unique festivals and events.

M A R K E T O V E R V I E W 41

Staying true to its nickname ‘Silicon Hills’, Austin continues to attract high-tech companies. In December 2018, Apple made a major announcement to expand its operations with an investment of $1 billion in building a new campus in northwest Austin. The forthcoming campus will be Apple’s third facility in the city. It will be located off West Parmer Lane between McNeil Drive and Anderson Mill Road, less than a mile from the existing Apple campus off Parmer Lane. The city currently employs 6,200 Apple employees, already the largest population of Apple employees outside of Cupertino, and the new construction is expected to make Apple the largest private employer in Austin. The 133-acre campus will initially accommodate 5,000 employees but will have the capacity to expand to 15,000. Like all other Apple facilities worldwide, the facility will run on 100% renewable energy and will include 50 acres of preserved green space. The project will total about 3 million square feet, of which 2 million will be dedicated to office and R&D space. Jobs created at the new campus will include a broad range of functions including engineering, R&D, operations, finance, sales and customer support.

Apple Announces Bi l l ion Dollar Campu s

A rendering of the site plan, courtesy of Apple

Notable New Constructions in Austin

8 Miles from Townes on TenthM A R K E T O V E R V I E W42

In December 2018, the city of Austin and Precourt Sports Ventures finalized a deal that will bring a Major League Soccer stadium and team to Austin. The world-class soccer park will be a $225 million project and will have the capacity for 21,000 fans. The stadium will be located at McKalla Place, a 24-acre city-owned property in north Austin, just south of the Domain. The stadium will break ground in 2019 and is expected to open in the spring of 2021 with Austin FC hopefully playing their first season that year. The city of Austin is excited to bring jobs and a landmark entertainment complex to the growing city at no cost to the taxpayer, as the project will be entirely funded by PSV.

A rendering of the stadium park

Major League Soccer coming to Austin


7 Miles from Townes on TenthM A R K E T O V E R V I E W 43


Pecan Di str ic t to be "mini Domain" of Pf luger v i l le

Ground has already been broken on the billion-dollar mixed-use development in Pflugerville known as the Pecan District. On October 26th, 2018, construction began on The Elliott, a 272-unit apartment building that serves as the first installment of the project. Envisioned as a “mini Domain”, the development will feature residential, office, retail, and green space. The Pecan District is located on a 45-acre piece of land at the southwest corner of West Pecan Street and South Heatherwilde Boulevard.

A rendering of Pecan District

2 Miles from Townes on Tenth


New Apple Campus

Townes on Tenth

The Domain

New MLS Soccer Stadium

The forthcoming Apple campus, MLS stadium, and Pecan District will bring significant economic growth to north and northwest Austin and the surrounding areas. Townes on Tenth is located just seven miles east of Apple’s new site, eight miles northeast of the new stadium, and less than two miles from the Pecan District. The townhomes are set in a prime location for these new developments that will bring unprecedented traffic to the area. Austin’s affordability in comparison to California or the east coast, along with its overall coolness, has and continues to attract a young and motivated crowd. The metropolitan area boasts a younger and better educated population than the rest of Texas and the coun-try.

Pecan District



• H-E-B – 2.0 Mi

• Walmart – 3.7 Mi

• Stone Hill Town Center – 4.4 Mi – Over 60 Stores/Services/Eateries

Including a Cinemark Theater

• Spare Time Texas Bowling Alley – 3.7 Mi

• Pflugerville Library – 0.9 Mi

• Pflugerville Recreation Center – 2.1 Mi

• Lake Pflugerville Park – 6.1 Mi

• Walnut Creek Metropolitan Park – 4.9 Mi

• Heritage Park – 2.6 Mi – Includes the Heritage House Museum and

The Green Red Barn, which houses the Pfarmer’s Market

• Pflugerville High School – 1.5 Mi

• Pflugerville Middle School – 1.2 Mi

• Pflugerville Elementary School – 1.8 Mi

• St. David’s North Austin Medical Center – 6.2 Mi

LO CAL AT TR ACTIONS


93 UNITS

TOWNESON TENTH

Wa l m a r t

L a k e P f l u g e r v i l l e

P a r k

H e r i t a g e P a r k

H - E - B

S t o n e H i l l To w n C e n t e r

P f l u g e r v i l l eL i b r a r y

P f l u g e r v i l l eH i g h S c h o o l

Wa l n u t C r e e k M e t r o p o l i t a n

P a r k

P f l u g e r v i l l e R e c r e a t i o n

C e n t e r

P f l u g e r v i l l e M i d d l e S c h o o l

P f l u g e r v i l l e E l e m e n t a r y

S c h o o l

S p a r e T i m e

S t . D a v i d ’s


DEMO GRAPHICS // Townes on Tenth

205,972To t a l P o p u l a t i o n Wi t h i n 5 M i l e R a d i u s

GENDER

49.17%

50.83%

$82,112Average Household Income within

5 M i l e R adius

$183,500Median Proper ty Value within 5

M i l e R adius

79,500To t a l H o u s e h o l d s i n 5 M i l e R a d i u s

15.15% From 2015

1-Mile

3-Mile

5-Mile

93 UNITS



POPUL ATION 1 Mi le 3 Mi les 5 Mi les2022 Projection

Total Population 19,315 104,778 233,655

2017 Estimate


2010 Census


2000 Census


Daytime Population

2017 Estimate 10,912 66,114 187,604

HOUSEHOLDS 1 Mi le 3 Mi les 5 Mi les2022 Projection

Total Households 6,311 38,981 91,644

2017 Estimate


Average (Mean) Household Size 3.17 2.75 2.59

2010 Census


2000 Census 3.17 2.75 2.59


Growth 2015-2020 24.31% 18.49% 15.15%

HOUSING UNIT S 1 Mi le 3 Mi les 5 Mi lesOccupied Units

2022 Projection 6,311 38,981 91,644

2017 Estimate 5,121 33,383 81,252

Owner Occupied 3,865 19,152 42,124

Renter Occupied 1,211 13,745 37,466

Vacant 45 486 1,662

Persons In Units

2017 Estimate Total Occupied Units 5,077 32,897 79,590

1 Person Units 16.03% 24.87% 28.32%

2 Person Units 24.96% 28.39% 29.64%

3 Person Units 19.54% 17.73% 16.73%

4 Person Units 20.33% 15.69% 14.09%

5 Person Units 11.09% 7.68% 6.61%

6+ Person Units 8.06% 5.65% 4.61%

HOUSEHOLDS BY INC OME 1 Mi le 3 Mi les 5 Mi les2017 Estimate

$200,000 or More 4.18% 3.17% 3.28%

$150,000 - $199,000 8.84% 5.56% 5.68%

$100,000 - $149,000 21.49% 18.57% 17.39%

$75,000 - $99,999 16.38% 16.82% 16.25%

$50,000 - $74,999 22.48% 22.12% 21.97%

$35,000 - $49,999 10.17% 13.66% 13.81%

$25,000 - $34,999 6.81% 8.50% 9.22%

$15,000 - $24,999 5.11% 6.32% 7.00%

Under $15,000 4.54% 5.27% 5.40%

Average Household Income $95,102 $83,803 $82,112

Median Household Income $76,107 $68,562 $66,245

Per Capita Income $30,484 $30,549 $31,761

POPUL ATION PROFILE 1 Mi le 3 Mi les 5 Mi lesPopulation By Age

2017 Estimate Total Population 15,878 90,322 205,972

Under 20 32.11% 28.57% 27.39%

20 to 34 Years 18.75% 23.35% 25.58%

35 to 39 Years 9.12% 8.86% 9.32%

40 to 49 Years 16.39% 15.86% 15.23%

50 to 64 Years 15.96% 16.76% 15.63%

Age 65+ 7.66% 6.57% 6.85%

Median Age 34.52 33.97 33.56

Population 25+ by Education Level

2017 Estimate Population Age 25+ 10,162 60,055 138,807

Elementary (0-8) 5.11% 4.29% 3.65%

Some High School (9-11) 6.77% 4.49% 4.60%

High School Graduate (12) 21.64% 22.45% 20.98%

Some College (13-15) 22.53% 23.60% 23.54%

Associate Degree Only 8.47% 9.12% 8.36%

Bachelors Degree Only 24.93% 25.13% 26.36%

Graduate Degree 8.50% 9.35% 11.09%

Population by Gender

2017 Estimate Total Population 15,878 90,322 205,972

Male Population 48.53% 48.92% 49.17%

Female Population 51.47% 51.08% 50.83%



K E N T M Y E R SFirst Vice President Investments

Austin, TexasDirect: (512) 338-7853

[email protected]: TX 0561047

E X C L U S I V E L Y L I S T E D B Y

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