Location:  The Property lies just south of the 26,000 +/- Ac. Woodlands Development and fronts on the east side of I-45 in front of the new and growing Northgate Crossing subdivision at the proposed location of the Grand Parkway, north of the new Spring Stuebner interchange, and south of the Hardy Toll Road, in north Harris County. Increased activity in Freeway frontage land parcels for retail use is highly expected, due to   the residential growth in the Woodlands and to the east along the future Grand Parkway corridor, with subdivisions such as Northgate Crossing, Spring Trails, Fox Run, Legends Ranch, Benders Landing and Creekside Village, along with the large tracts to the west of I.H. 45 along the future Grand Parkway corridor slated for future residential development.

Frontage:     I.H. 45 Feeder (1,050 ft)    

Utilities:   The Property is not currently in a Mud. Northgate Crossing Mud No. 2 borders the Property to the East. According to the Mud’s Engineer there is a 12” water line available to the site and sanitary sewer and storm sewer are also available in close proximity to the Property. The engineer said the site would need to be annexed into the Mud and the developer would be asked to pay for the needed facility extensions etc.

Tax Rate:  Spring ISD  1.87000, Harris County  .39986, Harris Co Flood Cntrl.  .03318, Port of Houston Auth  .01673, Harris Co Hosp Dist  .19021, Harris Co Educ. Dept  .00629, N Harris-Mont Co. Dist.  .11450, HC Emerg Srv Dist. 7  .05880, HC Emerg Serv Dist. 11  .03000,  Total = 2.72000

Easements:  There is a 100’ HL&P Easement (Reliant) Easement along the northern boundary. Net of this Easement, the Property contains 26.26 acres. There is also a 40’ TX DOT drainage easement in the northwest corner of the tract that starts south of HL&P easement along the feeder road, extending east, then turning north, and extending across the HL&P easement to the north line.

Grand Pkwy:  The Grand Parkway Association has proposed a fourth Loop around the City of Houston. Its current projection has been planned to extend across the northern portion of the Property. The current plans call for a 400’ wide right of way from the south line of the HL&P easement. The remaining tract would be approximately 13.62 ac. at the southeast corner of the Grand Parkway and I.H. 45 and 2.86 ac. north of the Grand Parkway in the HL&P Easement. For more information on the Grand Parkway, including Schedule of Activities  and location maps, go to their web site at www.grandpky.com