PHILIP LEVY OFFERING MEMORANDUM - Levy Retail Group
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PHILIP LEVY
972.755.5225
SENIOR MANAGING DIRECTOR
PLEVY@MARCUSMILLICHAP.COM
OFFERING MEMORANDUM
TABLE OF CONTENTS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
Confidentiality & Disclaimer Contents
The information contained in the following Marketing Brochure is proprietary and strictly PROPERTY INFORMATION 3
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 LOCATION INFORMATION 8
Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified FINANCIAL ANALYSIS 14
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 SALE COMPARABLES 23
diligence investigation. Marcus & Millichap has not made any investigation, and makes no
DEMOGRAPHICS 30
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.
Non-Endorsement Notice
Marcus & 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.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS
2
Section 1 PROPERTY INFORMATION
PROPERTY INFORMATION | EXECUTIVE SUMMARY
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
PROPERTY OVERVIEW
SALE PRICE $19,150,000
Marcus & Millichap is pleased to offer the opportunity to acquire a fully-stabilized, multi-tenant community retail center
in a desirable high-growth area of North Dallas, Texas. Parkway Corners consists of four land parcels totaling 7.05 acres,
OFFERING SUMMARY consisting of two multi-tenant strip centers (totaling 38,912 square feet), Legacy Texas Bank (6,032 square feet), and
YouFit Health Club (22,522 square feet).
Building Size: 67,466 SF
Lot Size: 7.049 Acres TRAFFIC COUNTS
Price / SF: $283.85 • Dallas North Tollway: 158,480 VPD
Cap Rate: 7.28% • Trinity Mills Road: 24,000 VPD
NOI: $1,394,834
Year Built: 1995 DEMOGRAPHICS 1 MILE 2 MILES 3 MILES
Occupancy: 100% Total Households 7,613 35,068 67,347
Type Of Ownership: Fee Simple Total Population 34,980 192,758 450,683
County: Collin Average HH Income $96,618 $92,261 $98,450
4
FINANCIAL ANALYSIS | INDIVIDUAL PRICING
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
PARKWAY CORNERS MAY BE PURCHASED AS A PORTFOLIO OR SEPARATELY
IF PURCHASED SEPARATELY, LEGACY BANK OF TEXAS MUST SELL FIRST
AFTER LEGACY BANK OF TEXAS IS SOLD, YOUFIT HEALTH CLUB & SHOPPING CENTER MAY BE PURCHASED TOGETHER OR SEPARATELY
Parcel(s) NOI Cap Rate List Price Square Foot Price/SF Lot Size (Acres)
Legacy Texas Bank $228,311.00 7.30% $3,127,547.95 6,032 $518.49 0.919
YouFit Health Club $352,919.00 8.02% $4,400,486.28 22,522 $195.39 1.907
Shopping Center $813,604.00 7.00% $11,622,914.29 38,912 $298.70 4.223
Total $1,394,834.00 7.28% $19,150,948.52 67,466 $283.86 7.049
5
PROPERTY INFORMATION | PROPERTY DESCRIPTION
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to offer the opportunity to acquire a fully-stabilized,
multi-tenant community retail center in a desirable high-growth area of North Dallas, Texas.
Parkway Corners consists of four land parcels totaling 7.05 acres, consisting of two
multi-tenant strip centers (totaling 38,912 square feet), Legacy Texas Bank (6,032 square
feet), and YouFit Health Club (22,522 square feet). In addition to the bank and health club,
other major tenants include Salon Boutique, Regeneration Arcade Bar, Norman’s Café, Sleep
and Snoring Services, Highland Park Cleaners and several other service-oriented businesses.
The center is 100 percent occupied, and all leases are triple-net. Thirty-nine percent of the
gross leasable area has annual rent increases, providing consistent revenue growth through
the primary terms. Parkway Corners may be purchased as a portfolio or separately. If the
center is purchased separately, Legacy Bank of Texas must sell first, then after Legacy Bank of
Texas is sold, YouFit Health Club and Shopping Center may be purchased together or
separately.
LOCATION DESCRIPTION
Located in an extremely high-traffic area at the northwest corner of the Dallas North Tollway
and Trinity Mills Road, Parkway Corners benefits from excellent freeway visibility and easy
access to the property with multiple ingress and egress points, including signalized access
points. Traffic Counts on Dallas North Tollway at Trinity Mills Road are approximately
158,480 vehicles per day, and 24,000 vehicles per day on Trinity Mills Road. Numerous
national and regional tenants are in the surrounding area, including RaceTrac, Capital One
Bank, Fuddruckers, 7-Eleven, CVS, Taco Bell, Whataburger, Albertsons, Mi Cocina, Jack in the
Box, Boston Market, Denny’s, P.F. Chang’s, Pappadeaux Seafood Kitchen, Ruth’s Chris Steak
House, III Forks, Carrabba’s Italian Grill and many others. Located in one of the
fastest-growing areas of the country, the subject property is well-positioned to serve as a
focal point of shopping, restaurants, and services for the surrounding neighborhoods. The
population exceeds 450,680 residents within five miles of the property, with an average
household income of $98,450.
Addison Airport is a short distance north of the property, located conveniently in the heart of
the North Dallas business district, close to Downtown Dallas, Plano, Richardson and Frisco.
This location is also convenient to Plano’s prominent Legacy Business Park, with over 33
million square feet of corporate and regional headquarters to many top companies, including
J.C. Penney, Frito-Lay, JPMorgan Chase, Keurig Dr. Pepper, DXC (formerly Hewlett Packard),
Ericsson, Bank of America Home Loans, Liberty Mutual Insurance, Toyota Motor North
America, USAA and others. Roughly 60,000 people live and work in the park.
6
PROPERTY INFORMATION | COMPLETE HIGHLIGHTS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
PROPERTY HIGHLIGHTS
• 67,466-Square Foot, Multi-Tenant Community Retail Center Located in One of the
Fastest-Growing Areas of the Country
• Consists of Four Land Parcels | May be Purchased as a Portfolio or Separately | If
Purchased Separately, Legacy Bank of Texas Must Sell First | After Legacy Bank of Texas
is Sold, YouFit Health Club and Shopping Center May be Purchased Together or
Separately
• 100% Occupied | All Leases are Triple-Net
• 39% of the Gross Leasable Area has Annual Rent Bumps, Providing Consistent Revenue
Growth
• Tenant Base Consists of a Complementary Mix of Service-Oriented Businesses
• Prime Freeway Location in the Northwest Corner of Dallas North Tollway and Trinity
Mills Road | Excellent Visibility and Accessibility | Multiple Ingress and Egress Points
Including Signalized Access Points
• Extremely High Traffic Counts | 158,480 Vehicles per Day on Dallas North Tollway |
24,000 Vehicles per Day on Trinity Mills Road
• Pylon Signage Facing Dallas North Tollway with High Visibility
• Attractive Building Facade and Well-Maintained Landscaping
• Surrounding Area has Excellent Demographics | Population Exceeds 450,680 Residents
Within Five Miles | Average Household Income is $98,450
• Dense Retail Trade Area Along Dallas North Tollway
• Conveniently Located in the North Dallas Business District, Near Addison Airport,
Downtown Dallas, Plano, Richardson and Frisco
• Less than Seven Miles from Plano's Prominent Legacy Business Park | Home to
Numerous Corporate and Regional Headquarters Including J.C. Penney, Frito-Lay,
JPMorgan Chase, Keurig Dr. Pepper, DXC, Ericsson, Toyota Motor North America,
Liberty Mutual Insurance, USAA and Others
7
Section 2 LOCATION INFORMATION
LOCATION INFORMATION | REGIONAL MAP
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
Parkway Corners
9
LOCATION INFORMATION | LOCATION MAPS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
10LOCATION INFORMATION | AERIAL MAPS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
11LOCATION INFORMATION | AERIAL MAPS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
12LOCATION INFORMATION | AERIAL MAPS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
13Section 3 FINANCIAL ANALYSIS
FINANCIAL ANALYSIS | FINANCIAL SUMMARY
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
INVESTMENT OVERVIEW
Price $19,150,000
Price per SF $283.85
Cap Rate 7.28 %
Total Return (yr 1) $1,394,834
OPERATING DATA
Gross Income $1,896,701
Operating Expenses $501,867
Net Operating Income $1,394,834
FINANCING DATA
Down Payment $19,150,000
Loan Type All Cash
15FINANCIAL ANALYSIS | INCOME & EXPENSES
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
INCOME SUMMARY PER SF
Base Rent $1,395,122 $20.68
Real Estate Taxes Reimbursements $322,005 $4.77
Insurance Reimbursements $26,589 $0.39
CAM/Management Fee Reimbursements $152,985 $2.27
Gross Income $1,896,701 $28.11
EXPENSE SUMMARY PER SF
Real Estate Taxes - Shopping Center $265,719 $3.94
Real Estate Taxes - Legacy Texas Bank $56,286 $0.83
Insurance $26,530 $0.39
Security Service $7,513 $0.11
Repairs & Maintenance $16,364 $0.24
Garbage & Recycling $2,425 $0.04
Tax Protest Fees $5,000 $0.07
Landscaping & Irrigation $27,553 $0.41
Fire Alarm & Sprinklers $7,842 $0.12
Pest Control $1,267 $0.02
Parking Lot Lighting $20,098 $0.30
Management Fee $65,270 $0.97
Gross Expenses $501,867 $7.44
Net Operating Income $1,394,834 $20.67
*Base Rent is based on the future rent of $1,395,122 as of 6/07/20. Current actual rent is $1,341,415. Seller shall credit Buyer the monthly rent differential on a pro rata basis, at closing.
16FINANCIAL ANALYSIS | RENT ROLL
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
TENANT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE EXPENSE
NAME SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION REIMBURSEMENT
Legacy Texas Bank 6,032 8.94 3/01/06 8/31/21 $228,311 $37.85 NNN (1) 5-Yr @ FMV $72,090.35
You Fit Health Club (2) 22,522 33.38 12/24/14 12/31/24 $352,920 $15.67 NNN (1) 5-Yr @ $17.24; $157,438.85
(1) 5-Yr @ FMV
Vibrant Dental Care (1) 1,697 2.52 11/18/16 1/31/27 $39,625 $23.35 NNN (2) 5-Yr @ FMV $11,872.52
10/1/2020 $23.81
10/1/2021 $24.29
10/1/2022 $24.78
10/1/2023 $25.28
10/1/2024 $25.79
10/1/2025 $26.31
Trinity Vision 1,485 2.2 4/01/07 3/31/22 $41,400 $27.88 NNN None $10,380.00
4/1/2021 $28.68
Sushi Maku (1) 2,307 3.42 9/01/14 8/31/24 $47,294 $20.50 NNN (1) 5-Yr @ FMV $16,129.69
9/1/2020 $21.00
9/1/2021 $21.50
9/1/2022 $22.00
9/1/2023 $22.50
Sleep & Snoring Services (1) 3,080 4.57 8/05/16 11/30/21 $73,550 $23.88 NNN (1) 5-Yr @ FMV $21,541.54
12/1/2020 $24.36
(1) Leases have a Personal Guaranty
(2) Lease has a Corporate Guaranty
17FINANCIAL ANALYSIS | RENT ROLL
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
TENANT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE EXPENSE
NAME SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION REIMBURSEMENT
Salon Boutique (1) 10,500 15.56 8/01/00 3/31/24 $170,625 $16.25 NNN None $73,401.92
Paradise Nails 1,500 2.22 2/01/10 1/31/25 $28,500 $19.00 NNN (1) 5-Yr @ FMV $10,480.85
2/1/2022 $19.57
2/1/2023 $20.16
2/1/2024 $20.76
Norma's Cafe (1) 4,219 6.25 6/01/09 5/31/24 $104,142 $24.68 NNN (1) 5-Yr @ 26.60 $29,489.71
6/1/2021 $25.18
6/1/2022 $25.68
6/1/2023 $26.19
JJ Massage (1) 1,059 1.57 9/01/15 8/31/20 $22,927 $21.65 NNN (1) 5-Yr @ FMV $7,404.30
Highland Park Cleaners 2,100 3.11 3/01/99 8/31/24 $64,050 $30.50 NNN (1) 5-Yr @ FMV $14,676.79
9/1/2021 $31.50
9/1/2023 $32.00
BJ's Tailor 952 1.41 1/01/10 5/31/20 $24,752 $26.00 NNN None $6,653.72
Blueprint Fade Lounge (1) 1,762 2.61 1/02/18 12/31/20 $35,522 $20.16 NNN (2) 3-Yr @ FMV $12,315.53
Swamp Cafe (1) 1,720 2.55 4/01/19 5/31/24 $35,432 $20.60 NNN (1) 5-Yr @ $23.20 $12,025.96
6/1/2021 $21.22
6/1/2022 $21.86
6/1/2023 $22.52
(1) Leases have a Personal Guaranty
18FINANCIAL ANALYSIS | RENT ROLL
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
TENANT UNIT % OF LEASE LEASE ANNUAL ESC PRICE LEASE EXPENSE
NAME SIZE (SF) GLA START END RENT DATE PER YEAR TYPE OPTION REIMBURSEMENT
WaterTree (1) 1,322 1.96 7/01/19 6/30/24 $27,101 $20.50 NNN (2) 5-Yr $9,261.30
7/1/2021 $21.00
7/1/2022 $21.50
7/1/2023 $22.00
Regeneration Arcade Bar (1) 5,209 7.72 8/03/18 11/30/23 $98,971 $19.00 NNN (1) 5-Yr @ $23.00 $36,415.71
12/1/2020 $20.00
12/1/2021 $21.00
12/1/2022 $22.00
Totals/Averages 67,466 $1,395,122 $20.68 $501,578.74
(1) Leases have a Personal Guaranty
*Base Rent is based on the future rent of $1,395,122 as of 7/01/20. Current actual rent is $1,341,415. Seller shall credit Buyer the monthly rent differential on a pro rata basis, at closing.
19FINANCIAL ANALYSIS | SITE PLAN
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
20FINANCIAL ANALYSIS | CREDIT TENANTS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
Legacy Texas Bank
FOUNDED 1952
LOCATIONS 42
SQ. FT. 6,036
OPTIONS (1) 5-Yr @ FMV
Legacy Texas Bank is a commercial oriented, North Texas community bank
serving local entrepreneurs, businesses and families for more than 60 years. With
over $8 billion in assets and 42 locations in 19 North Texas cities, they are also
one of the largest locally based banks in the area.
YouFit Health Club
FOUNDED 2008
LOCATIONS 100+
GUARANTEE Corporate
SQ. FT. 22,522
OPTIONS (1) 5-Yr @ $17.24, (1) 5-Yr @ FMV
YouFit Health Clubs is a health club chain located in 14 states.
They offer personal training and group fitness classes at all
locations. The place a high emphasis on creating a welcoming
atmosphere for all gym-goers.
21FINANCIAL ANALYSIS | TENANT INFORMATION
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
Regeneration Arcade Bar Sleep and Snoring Services
FOUNDED 2018 FOUNDED 2012
LOCATIONS 1 LOCATIONS 2
GUARANTEE Personal GUARANTEE Personal
SQ. FT. 5,209 SQ. FT. 3,080
OPTIONS (1) 5-Yr @ $23.00 OPTIONS (1) 5-Yr @ FMV
Regeneration Arcade is a full Service bar and restaurant that The Simple Sleep treatment provides freedom from snoring and
features nostalgic video games, pin ball and retro game sleep apnea to increase quality of life.
consoles.
Salon Boutique Norma's Cafe
FOUNDED 1999 FOUNDED 1956
LOCATIONS 20 LOCATIONS 5
GUARANTEE Personal GUARANTEE Personal
SQ. FT. 10,500 SQ. FT. 4,219
OPTIONS None OPTIONS (1) 5-Yr @ 26.60
Salon Boutique is a luxury salon renting semi-private rooms to Norma's Cafe is a full service restaurant specializing in breakfast
service providers such as cosmologists, massage therapists, and and lunch menu options.
nail technicians.
22Section 4 SALE COMPARABLES
SALE COMPARABLES | SALE COMPS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
SUBJECT PROPERTY
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway | Dallas, TX 75287
Sale Price: $19,150,000 Lot Size: 7.05 AC
Year Built: 1995 Building SF: 67,466 SF
Price PSF: $283.85 Cap: 7.28%
NOI: $1,394,834
MIDWAY PLAZA
1
12801 Midway Road | Dallas, TX 75244
Sale Price: $7,025,000 Lot Size: 3.59 AC 1
Year Built: 1979 Building SF: 12,198 SF
Price PSF: $575.91 CAP: 6%
Closed: 02/15/2017 Occupancy: 100%
TitleMax
HEBRON CROSSING
2
1016 East Hebron Parkway | Carrollton, TX 75010
Sale Price: $7,650,000 Lot Size: 3.13 AC 2
Year Built: 2005 Building SF: 23,327 SF
Price PSF: $327.95 CAP: 6.5%
Closed: 07/26/2018 Occupancy: 100%
Mom's Kitchen, Chipotle, Lanzhou Noodle, Framed Eyecare, Indian Creek
Dental
24SALE COMPARABLES | SALE COMPS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
SPORTS VILLAGE PLAZA
3
6065 Sports Village Road | Frisco, TX 75033
Sale Price: $6,525,000 Lot Size: 1.9 AC 3
Year Built: 2013 Building SF: 18,323 SF
Price PSF: $356.11 CAP: 6.51%
Closed: 07/13/2018 Occupancy: 100%
Foley Custom Pools, Low T Center, Dickey's BBQ, Durkin's Pizza, Her Kare
CARROLLTON RETAIL CENTER
4
3320 East Hebron Parkway | Carrollton, TX 75010
Sale Price: $5,500,000 Lot Size: 2.49 AC 4
Year Built: 2007 Building SF: 14,484 SF
Price PSF: $379.73 CAP: 6.6%
Closed: 12/15/2017 Occupancy: 100%
Buffalo Wild Wings, Einstein Bros Bagels, Luxsmile, Batteries Plus Bulbs,
Sports Clips
II CREEKS PLAZA
5
2701 Custer Parkway | Richardson, TX 75080
Sale Price: $12,300,000 Lot Size: 5.747 AC 5
Year Built: 1975 Building SF: 63,099 SF
Price PSF: $194.93 CAP: 7%
Closed: 08/29/2018 Occupancy: 100%
Slate Venues, Crull Fitness, Sway Dance Center, Wildflower Patio & Grill, Spa
at II Creeks
25SALE COMPARABLES | SALE COMPS
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
VILLAGE AT LOS RIOS
6
1445 Los Rios Boulevard | Plano, TX 75074
Sale Price: $4,300,000 Lot Size: 2.93 AC 6
Year Built: 2003 Building SF: 24,804 SF
Price PSF: $173.36 CAP: 7.12%
Closed: 05/19/2017 Occupancy: 90%
In line with Kroger, CATO, State Farm, Check 'N Go, Great Clips, Los Rios
Dental, Casa Mama
26SALE COMPARABLES | SALE COMPS SUMMARY
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP
Parkway Corners
4485 Trinity Mills Road, 17617 &
$19,150,000 67,466 SF $283.85 7.28%
17721 Dallas Parkway
Dallas, TX 75287
1 SALE COMPS PRICE BLDG SF PRICE/SF CAP CLOSE
Midway Plaza
12801 Midway Road $7,025,000 12,198 SF $575.91 6.0% 02/15/2017
Dallas, TX 75244
2
Hebron Crossing
1016 East Hebron Parkway $7,650,000 23,327 SF $327.95 6.5% 07/26/2018
Carrollton, TX 75010
3
Sports Village Plaza
6065 Sports Village Road $6,525,000 18,323 SF $356.11 6.51% 07/13/2018
Frisco, TX 75033
4
Carrollton Retail Center
3320 East Hebron Parkway $5,500,000 14,484 SF $379.73 6.6% 12/15/2017
Carrollton, TX 75010
5
II Creeks Plaza
2701 Custer Parkway $12,300,000 63,099 SF $194.93 7.0% 08/29/2018
Richardson, TX 75080
6
Village at Los Rios
1445 Los Rios Boulevard $4,300,000 24,804 SF $173.36 7.12% 05/19/2017
Plano, TX 75074
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP
Totals/Averages $7,216,667 26,039 SF $277.15 6.62%
27SALE COMPARABLES | SALE COMPS MAP
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
SUBJECT PROPERTY
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway | Dallas, TX 75287
MIDWAY PLAZA HEBRON CROSSING SPORTS VILLAGE PLAZA CARROLLTON RETAIL CENTER
1 12801 Midway Road 2 1016 East Hebron Parkway 3 6065 Sports Village Road 4 3320 East Hebron Parkway
Dallas, TX 75244 Carrollton, TX 75010 Frisco, TX 75033 Carrollton, TX 75010
II CREEKS PLAZA VILLAGE AT LOS RIOS
5 2701 Custer Parkway 6 1445 Los Rios Boulevard
Richardson, TX 75080 Plano, TX 75074
29Section 5 DEMOGRAPHICS
DEMOGRAPHICS | DEMOGRAPHICS MAP & REPORT
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
31DEMOGRAPHICS | DEMOGRAPHICS MAP & REPORT
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
POPULATION 1 MILE 2 MILES 3 MILES
Total Population 34,980 192,758 450,683
Median age 37.40 37.40 37.40
Median age (Male) 36.9 36.6 36.3
Median age (Female) 37.9 38.2 38.4
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 7,613 35,068 67,347
# of persons per HH 1.9 2.00 2.20
Average HH income $96,618 $92,261 $98,450
Average house value $410,557 $318,805 $291,619
ETHNICITY (%) 1 MILE 2 MILES 3 MILES
Hispanic 15.9% 19.3% 23.8%
RACE 1 MILE 2 MILES 3 MILES
Total Population - White 23,632 130,590 319,015
% White 67.6% 67.7% 70.8%
Total Population - Black 6,488 35,454 59,369
% Black 18.5% 18.4% 13.2%
Total Population - Asian 3,882 20,032 57,317
% Asian 11.1% 10.4% 12.7%
Total Population - Hawaiian 43 162 364
% Hawaiian 0.1% 0.1% 0.1%
Total Population - American Indian 188 1,357 3,339
% American Indian 0.5% 0.7% 0.7%
Total Population - Other 746 5,163 11,278
% Other 2.1% 2.7% 2.5%
* Demographic data derived from CoStar Realty Information, Inc.
32DEMOGRAPHICS | POPULATION DENSITY
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
Population Density
3K 6K 9K 15 K 30 K
34DEMOGRAPHICS | MEDIAN HOUSEHOLD INCOME
Parkway Corners
4485 Trinity Mills Road, 17617 & 17721 Dallas Parkway, Dallas, TX 75287
Median Household Income
$50 K $50 K $70 K $90 K $140 K
35INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 11-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker’s own interests;
• Inform the client of any material information about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property
management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known
by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent
must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed
to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written
agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to,
and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
that the owner will accept a price less than the written asking price;
that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent
the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please
acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov
IABS 1-0PHILIP LEVY Senior Managing Director Dallas Office 972.755.5225 Office 817.380.1153 Fax plevy@marcusmillichap.com LICENSE: TX 0522087 5001 Spring Valley Road Dallas, TX 75244
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