States: Texas

Part of a Master-Planned Development!

Situated on the north bound side of US 287 between the cities of Ennis and Waxahachie, this site offers great visibility for numerous uses. This property is ready for development as part of a master-planned development.

US 287 is a key corridor for travelers heading to and from Houston, East Texas and western portions of the Dallas-Fort Worth Metroplex. Additionally, businesses at this location will benefit from the combined populations of greater Waxahachie and Ennis area of an estimated 80,000.

660± Acres approximately 4 miles from the newly selected site for the $30B Texas Instruments semiconductor chip facility.

One of the largest remaining tracts within the soon to be constructed Highway 34 bypass.

The property will be intersected on the southwestern edge by the soon to be constructed Highway 34 bypass, which will create over 3,000 feet of future frontage, both sides of the bypass combined.

This is an ideal tract for either investment or single family residential (SFR) development, being bordered on one side by single SFR and on another by the only elementary school currently in Italy.

The tract is well located to be a part of the surrounding developments: PGA Headquarters, Children’s Hospital, Prosper Gateway and The Gates of Prosper. In addition, the high-end residential developments, Star Trail and Windsong Ranch, among others add to the desirability of the property.

Younger Partners, as exclusive advisor, is pFully Leased to present the opportunity to acquire South Ridge, a recently developed, Class A mixed use complex prominently located in affluent Heath, TX. Located on the shores of Lake Ray Hubbard, Heath is a bedroom community to nearby Dallas (25 miles) that offers a pastoral setting and a sense of being removed from the bustle of city life. Comprised of three distinct buildings, the Property defines modern mixed-use. Offering medical office, traditional office, flexible office, retail, dining and entertainment space, the project is a destination in one of Texas’ most sought after residential communities.

At 51,075 square-feet, the three-building multi-tenant property is 100% Fully Leased and offers first-class amenities and an unparalleled experience to tenants and visitors. A dining destination, Standard Service anchors the Property and offers an outdoor entertainment venue that is unlike anything you have ever seen. With high barriers to entry, South Ridge is in a league all to itself. Established development restrictions are in place to protect the lifestyle that has made Heath one of the area’s most sought after communities. As a result, future owners should benefit from a limited supply of competing property.

Fully Leased on a NNN basis, the Property’s retail and office space has an average lease rate of roughly $26/sf. The restaurant space is Fully Leased on a percentage basis and so as business thrives so does the Ownership! Forecast rental revenue for 2021 is projected at almost $1.55M.

54.1 acres in the rapidly developing Mansfield-Midlothian-Venus submarket surrounding US 67 and US 287 in Ellis and Johnson Counties. The property is 2 miles north of 67 and less than 6 miles from both Interstate 35W and US 287. The acreage is not zoned as it is in unincorporated Johnson County. Schools are Venus ISD. It is served by Woodbine Water and there are 5 water wells within 1100′ surrounding this parcel. There is a 6″ JSUD water main at the intersection of CR 505 and FM 2738, which is 1.2 miles from the tract. The closest sewer line is roughly 3 miles away, both in Venus and Alvarado.