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US 377 @ Country Club NEC
Argyle, TX 76226
To Rent

PROPERTY FACTS
PROPERTY OVERVIEW
Argyle Station is a 25-acre, signalized hard corner located in the Town of Argyle. The Town is 33 minutes north of Fort Worth and 45 minutes northwest of Dallas. According to Zip Atlas, Argyle was ranked fifth among all Texas cities for highest income in 2014. Additionally, Argyle High School was ranked 74th in the State and many families continue to move to this area for the exemplary school system. The recent opening of the Denton Creek Regional Wastewater System made it possible to service thousands of new homes coming online. Within five miles, there are approximately 35,000 homes planned or under construction. Commercial property located in south Argyle and west Flower Mound is surrounded by low density residential zoning. Immediately north of Argyle Station is the City of Denton where high density residential is flourishing. Only four major intersections exist within the community serviced by Country Club Road; US 377; FM 407; and Interstate 35W. The limitations of infrastructure, absence of commercial competition for many miles, and geographical constraints of nearby Lake Lewisville and Lake Grapevine, extend Argyle Station’s trade area for several miles. Several churches and schools, located at US 377 and FM 407, restrict beer and wine sales within 300 feet of other sites. The adjacent Union Pacific Railroad prevents access along US 377’s west right-of-way. The absence of service roads along 35 West prevents access to nearly all of the Interstate’s commercial corners. Current plans for the US 377 road widening will include divided medians and will ultimately prevent access to several locations along this route. Due to these, and many other area constraints, few grocery stores and retailers operate, or have the ability to function, within several miles of Argyle Station. This site is a strategic commercial position with high barriers to entry that offer retailers an opportunity to monopolize this trade area. Argyle Station offers unobstructed visibility with multiple access points to over 20,000 cars passing by daily. This high level of area protectionism is a very rare asset feature in commercial real estate; nearly all other commercial corners are vastly inferior or infeasible for commercial development. A handful of waterfront dining sites are available that will offer 270-degree panoramas from enclosable decks that extend OVER a half-acre stocked pond. A great lawn will overlook this water feature and will be a venue for local events including fishing expos, family movie nights, and outdoor concerts. Equestrian office suites and multi-tenant retail space with creek frontage views are also available for prelease with construction to commence soon. This site’s natural features include a half-mile creek with terracing ponds; 100-year old oak trees; nearly a mile of groomed, creek-frontage horse trails; and undulating terrain; all of which are being incorporated into the development. Pad sites are available for ground lease, or optionally, the 25 acres can be acquired in its entirety. All wet utilities and three-phase electric are currently on property with adequate capacity. Major earthwork and mass grading begins in early 2015. Argyle Station is zoned Planned Development and is currently ag exempt. For more information, contact Stephen Schattner. 972.385.1907 ext 301
HIGHLIGHTS
- Trophy property, one of only a few commercial hard corner sites in the region with all utilities and major access
- High barrier to entry | Union Pacific Railroad (parallel to US 377) restricts access to west ROW of US 377 & no service roads on I-35W restrict access
- over 35,000 new homes built, under construction or planned within 3 mile reach of the site
- Waterfront dining with major outdoor entertainment facilities
- High density residential growing in Denton to the north with no retail services and no thoroughfares/intersections to serve residents
- Huge traffic counts growing rapidly / US 377 to be widened to accommodate area growth
LINKS
Listing ID: 10931569
Date on Market: 11/12/2017
Last Updated:
Address: US 377 @ Country Club NEC, Argyle, TX 76226
