EXCELLENT LOCATION: The Property enjoys a prime location on Century Way, along I-35E between Ovilla Rd and W Red Oak Rd, near prominent retail centers in Red Oak, Texas. The Property is in close proximity to Red Oak’s top employer, Triumph Aerostructures as well as TxDOT’s Proposed Loop 9 Tollway, the recently constructed $71 million Red Oak High School and Texas State Technical College campus.
PRIME DEVELOPMENT SITE: The subject property consists of an approximately 17.85 acre tract with highway visibility. The liberal “HO” zoning district is intended as a regional center, allowing uses such as clinic/hospital, lodging and auto sales. The Property boasts highway visibility, excellent exposure to vehicular traffic and superb access from both W Red Oak Rd and the I-35E access road.
STRONG POPULATION GROWTH: From 2000 through 2014, Red Oak’s phenomenal 209% growth in taxable sales is unsurpassed by neighboring cities. From 2010 to 2020, the population within a 5 mile radius of the Property saw 56.8% growth. The population in that same area is expected to grow another 11.3% between 2021 and 2026. The surge in population density in the area makes this an ideal location for commercial development.
MANY AREA TRAFFIC DRIVERS: Retailers in close proximity include Walmart, Starbucks, Brookshire’s, CVS Pharmacy, Walgreens, Ace Hardware, Family Dollar, Dollar General, McDonald’s, Racetrac and Walmart Neighborhood Market, among many others.
