RealINSIGHT Marketplace Online Auction, June 14-16, 2021
CBRE and RealINSIGHT Marketplace are pleased to present a ±1.192 AC land parcel located at the signalized intersection of Uptown Blvd and the entrance of a Walmart Supercenter in Cedar Hill, Texas approximately 20 minutes from downtown Dallas (the “Property”). Positioned within one mile of a 2 million SF retail corridor that includes numerous national credit tenants, the Property provides an investor the opportunity to acquire an asset in the middle of the submarket’s dominant retail corridor.
The Property is located less than 0.5 miles from J Elmer Weaver Freeway (US Hwy 67) with heavy traffic of 73,170 vehicles per day. The Property is in a robust trade area near a mix of established residential, retail, and other commercial demand generators. Nearby national retailers include Fairfield Inn, Whataburger, Kroger, Hobby Lobby, Burlington Coat Factory, 24 Hour Fitness, Dick’s Sporting Goods, Barnes and Noble, Old Navy, Kohl’s, Home Depot, and numerous others.
Cedar Hill is a suburban bedroom community located in the Dallas/Fort Worth Metroplex approximately 20 minutes from downtown Dallas, 30 minutes from DFW international airport, and 40 minutes from downtown Fort Worth. The city benefits from its great access and proximity to US Highway 67 (aka J Elmer Weaver Fwy), which is the primary connector route between Cedar Hill and downtown Dallas. To facilitate and energize relocation and expansion, Cedar Hill offers aggressive economic development incentives, making it a desirable area for businesses (see zoning folder in document vault). Cedar Hill is home to low taxes, low cost of living, quality education, and more than 3 million square feet of retail and Class A office space. The Property’s location further benefits from strong demographics with a population of ±133,734 and an average household income of $85,261 within a 5-mile radius.
