Multifamily Development Sites

Investment Overview

SLJ Company, LLC (“SLJ”) has been exclusively retained to offer 2527 & 2531 W Pleasant Run Rd, approximately 9 & 4 acre multifamily residential development sites, located just south of I-20, near the northeast corner Interstate 35E & W Pleasant Run Rd, in Lancaster, Texas. Lancaster is a growing suburb located just 20 minutes from Downtown Dallas, which gives it excellent potential for multifamily development.

Investment Highlights

• Excellent Location: The Property is well-positioned on W Pleasant Run Rd, between I-35E & N Houston School Rd. The Property is located just 20 minutes south of Downtown Dallas via I-35E
• Prime Development Sites: The Property consists of approximately 9 & 4 acre tracts zoned for multifamily and mixed-use respectively. Tract A, which has frontage on W Pleasant Run Rd, is located partially in the Medical District Corridor Sub-District of Lancaster’s Medical District Overlay which encourages mixed-use development and an overall pedestrian-friendly urban aesthetic.
• Strong Demographics: From 2010 to 2020, the population within a 5 mile radius of the Property saw over 26% growth. The population in that same area is expected to grow another 6% between 2020 and 2025. The steady rise in population density in the area makes this an ideal location for multifamily development.
• Growing Employment Rate: The Property is in close proximity to a number of major distribution centers for the DFW area, many of which were built in the last 5 years. Employers include Amazon, Wayfair, Quaker Pepsico, Walmart, BMW, Kohl’s, Kohler and many others.
• Many Area Retailers: The Property is also in close proximity to numerous national retailers such as Walmart, Home Depot, Kroger, QuikTrip, McDonald’s and many others.