5640 Squires Dr
The Colony, TX 75056
Land For Sale · 29.69 AC

The Property is accessed by Squires Drive and bordered by mature neighborhoods to the south with homes ranging from the upper $300,000 to the lower $500,000 price range, newer high-end homes to the north and west with homes ranging from the upper $900,000 to prices exceeding $5 million, and a city owned sports facility to the east. The Property provides ready access to Highway 121 (8 minutes) and subsequently Dallas North Tollway (10 minutes) and Interstate 35 (15 minutes). These major thoroughfares connect the property to major entertainment and lifestyle destinations and employment centers that include Grandscape, Legacy West, Legacy Town Center, Granite Business Park, Hall Office Park, The Star, Lake Lewisville, Lake Grapevine, ±27 miles of hike and bike trails, and DFW International Airport. These key destinations provide strong demand for adaptive re-use and residential uses.
Investment Highlights:
Exceptional Growth Market:
The Dallas-Fort Worth Metroplex continues to lead the United States in population growth adding ±487 residents per day. Due to one of the highest concentrations of corporate headquarter relocations in the nation, the northern Dallas suburbs have seen unprecedented population growth creating robust demand for multiple real estate product types.
Significant Employment Expansion:
The northern Dallas suburbs have attracted the headquarters for some of the world’s largest corporations including the NYSE Stock Exchange Chicago office, Wells Fargo, Capital One, FedEx, JP Morgan Chase, Liberty Mutual, Pepsico-Frito Lay and Toyota. These companies anchor the area’s top mixed-use developments such as Legacy West, Las Colinas, Uptown Dallas, The Star, Granite Park and Hall Office Park. The Property is located within a short commute of these employment centers which employ a substantial number of nearby residents.
Outstanding Demographics:
There are over 271,000 residents and over 154,000 employees within 5 miles of the Property, with average household incomes exceeding $137,000. Even with such high densities, sizable growth is still projected for the submarket with an average projected 5-year growth rate of nearly 4.5%.
Unparalleled Access And Regional Connectivity:
The Property is located with direct access to the area’s first-class highway system. These highways provide convenient access to entertainment-shopping destinations, major employment hubs, Love Field Airport and DFW International Airport.