Villages at Warner Ranch - Round Rock, Texas

103.4 Acre tract Multi-family - Retail - Industrial (Land)
(Entire Site Flyer) - 42.80 Acres
(Retail Site Flyer) - 23.30 Acres
(Residential/Multifamily Site Flyer) - 60.60 acres
(Commercial Site Flyer) - 19.50 Acres

Villages @ Warner Ranch Executive Summary

Commercial, Residential & Retail Lots at SH 45 (Louis Henna Blvd. and CR 170 (A.W. Grimes), Round Rock, Texas 78664

Location/Use: The property at the Villages at Warner Ranch is located on the south side of SH 45 (formerly Louis Henna Blvd) at the first exit off of the toll road east of IH 35. This toll road opened in November, 2006, and the traffic counts will change substantively. This exit has A.W. Grimes on the north side and CR 170 (Grand Avenue Parkway) on the south side of the intersection and will be identified as the AW Grimes, CR 170 and Grand Avenue Parkway exit for traffic coming from SH130 and IH 35. Strategically located near major employers including Dell, Sears Customer Call Center, Farmers Insurance, Teco/Westinghouse, Cypress Semiconductor, and Dresser Wayne.

Retail Description: There are two tracts totaling approximately 23.3 acres with a total of 1,000+ feet of frontage on SH 45 and 450 feet on CR 170. The exit ramp for eastbound traffic is located such that exiting traffic will be able to turn into the property before reaching the corner. Additionally, the five acre tract has frontage on Warner Ranch Road (670’), Jazz Street (342’), and SH 45 (467’). The 18.3 acre tract has frontage on Warner Ranch Rd. (640’) as well, so there are a total of three hard corners on SH 45. The property is part of a PUD that includes an existing apartment project built in 2002, a Walgreen’s, and an AutoZone under construction on CR 170. The PUD is governed by CC and R’s as well as a PUD agreement with the City of Round Rock, available upon request. Under the PUD agreement, this area has specifically been designated as retail and commercial use. There are additional sites for sale that are designated for residential, multifamily and commercial uses. Trade area supports a high occupancy rate for retail (94.16% mid year 2006).Average market rent for 100,000+ SF retail is approximately $24.00 Triple Net.

Multi-family Description: There are two multi-family tracts and one single family tract. The single family lot totals 13.4 acres and Parcel 2 Multi-family tract totals 21.2 acres (406 units) and Parcel 3 totals approximately 26 acres (520 units). The total available residential acres for sale totals 60.60 acres. The single family land will accommodate up to 60 lots.

Commercial Land Description: There are two commercial tracts offered for sale. The commercial tracts total 19.50 acres. Parcel 4 totals 14.7 acres and Parcel 5 totals 4.8 acres. Access is provided from Glenn Drive and A.W. Grimes (CR 170). Current occupancy rate in the Round Rock submarket is 91.2% 3Q 2006, and market rents are approximately $20.58/SF full service lease.

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Size: -103.4 acres total.

Current Availability:

Owner will not consider alternative configurations, the minimum divisible tracts are listed as specific packages listed above: Retail, Multi-family and Light Industrial. See the individual packages for detailed offering data for each package.

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2003 Traffic Data:

• Louis Henna Blvd. @ Double Creek* - 35,000 v/d
• IH 35 and SH 45 - 161,000 v/d
• IH 35 North of SH 45 - 188,000 v/d
  (2004, Texas Dept. of Transportation)
  *Pending SH 45 opening Nov. 2006

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Zoning:

• Zoning - MF, LI, SF, GR

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Utilities:

• All available and to the property. Regional Detention is offsite and in place.

Demographics: Download Detailed Demographics

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