LOCATION

SEC Moore St & W Travis St (NEC Moore St & FM-1417)

INITIAL OFFERING

99 Acres (Single-Family Residential 74 Acre Tract & Multi-Family 25 Acre Tract)

HIGHLIGHTS

• There is a Master Development Agreement in place with the City of Sherman to include sanitary sewer and roads.

• The project has a Chapter 380 Economic Development Program Letter of Intent in the amount of $15,000,000 applied to the project.

• Engineers have prepared the following documents:

• Conceptual Water Infrastructure Plan

• Conceptual Sanitary Sewer Plan

• Conceptual Storm Sewer Plan

• Conceptual Mass Grading and Drainage

• Phase 1 Environmental

• Archaeology Study

• Updated Survey

• The property is across from the new 500,000 SF $157,000,000 Sherman High School Campus

• The property is located within 3 miles of the newly announced $30 Billion Texas Instruments Semiconductor Chipmaking Campus

DEMOGRAPHICS

1 MILE

TOTAL POPULATION 897

HOUSEHOLDS 283

AVERAGE HH INCOME $62,069

3 MILE

TOTAL POPULATION 14,245

HOUSEHOLDS 5,572

AVERAGE HH INCOME $69,125

5 MILE

TOTAL POPULATION 41,215

HOUSEHOLDS 15,387

AVERAGE HH INCOME $68,157

TRAFFIC COUNTS (TXDOT 2020)

FM-1417 / Heritage Pkwy: 9,530 VPD

US-75: 50,460 VPD