Prepared for 4/1/2015
Presented by Elite International Commercial and Business Division Elite International Realty Commercial&Business Division (786) 295-1825 awolak@eliteinternational.com
Properties for Sale 1
4337 West Fairfield Drive, Pensacola, FL 32505 Property Details Price Gross Leasable Area Lot Size Price/SF Property Type Property Sub-type Additional Sub-types
Property Use Type Cap Rate Occupancy Tenancy Year Built Status
$5,065,000 49,768 SF 0 AC $101.77 /SF Retail Neighborhood Center Free Standing Bldg Retail (Other) Anchor Investment 7.50% 100% Multiple 2007 Active
Property Notes
Property Description The subject property is a 49,768-square foot retail center located in Pensacola, Florida. The property is 100% leased to Office Depot, Ross and T-Mobile. Office Depot, who has a current B- credit rating, has signed a 10-year lease with rent increases between each of the five, five-year options. Ross, who has a current BBB+ credit rating, has signed a 10-year triple-net lease with rent increases every five years in both the initial term and four, five-year options. Ross took there space as a vacant shell, and as a result they were granted a significantly below market rental rate. T-Mobile has signed a five year lease with annual increases throughout the initial term and two option periods.
Location Description Located at the intersection of West Fairfield Drive and Mobile Highway, the subject property is situated adjacent to Lowe' s and across from The Home Depot and Walmart Supercenter. Pensacola, Florida is the primary city of Escambia county located in the westernmost region of the Florida panhandle. Pensacola is the home of a major sea port perfect for importing and exporting goods throughout the entire Gulf of Mexico. In 2010 alone, total retail sales amounted to $1,077,314,000. Pensacola is the home of the world' s largest integrated nylon manufacturing plant as well as one of the nation' s largest naval bases. Due to its many tourist attractions and military population, Pensacola offers great opportunities for retail businesses.
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2
3317 West Hillsboro Boulevard, Deerfield Beach, FL 33442 Property Details Price Building Size Lot Size Price/SF Property Type Property Sub-type Property Use Type Cap Rate Occupancy Tenancy Status
$5,373,000 8,300 SF 0.69 AC $647.35 /SF Retail Retail Pad Investment 5.50% 100% Multiple Active
Property Notes
Property Description The property is located within the Super Target anchored shopping center on the northeast corner of West Hillsboro Boulevard and Powerline Road. This property is extremely well located with great visibility to both major roadways. The annual average daily traffic on West Hillsboro Boulevard is 40,500 vehicles and 41,000 on Powerline Road. Additional retailers in the shopping center include Starbucks, Chevron, TD Bank, Hobby Lobby and Petco. The property attracts the dense populations of Deerfield Beach, Parkland and South Boca Raton and is located only two miles west of Interstate 95.The property is located in a hightraffic retail location, with a vast amount of shopping centers and malls in the vicinity. Deercreek Plaza is located on the northwest corner anchored by Michaels and Ross. Deerfield Mall, a 378,745 square foot predominant power center, is located on the southwest corner anchored by Publix, Walgreens, Sports Authority, T.J.Maxx, Marshalls, OfficeMax and Paragon Theater. Deerfield Commons, a newly constructed retail strip center and office building consisting of approximately 37,000 square feet, is located directly across the street.
Location Description Deerfield Beach is a city in Broward County, as of the 2010 U.S. census, the population was 75,018. The city is part of the Miami metropolitan area, which had a population of 5,564,635 as of the 2010 U.S. census. Deerfield Beach offers direct access to I-95, the Florida Turnpike, the Sawgrass Expressway as well as a Tri-Rail station and two freight railroads. The city is also approximately 15 minutes from the Fort Lauderdale/Hollywood International Airport, 30 minutes from the Palm Beach International Airport and 20 minutes from Port Everglades. Deerfield Beach is home to corporate headquarters of JM Family Enterprises, Don King Productions, Health Communications, List Industries, Moving Waters Industries and MAPEI-Western Hemisphere. Major distributions centers for Publix, Rooms-to-Go, Double-Eagle, National Brands and UPS are also located within the city' s limits. Deerfield Beach boasts of a burgeoning research corridor along the I-95 with the presence of the University of Miami, Sylvester Comprehensive Cancer Center and the Florida Atlantic Research & Development Park. Additionally the city is home to six public schools and four private institutions.
3
1681 Rinehart Road, Sanford, FL 32771 Property Details Price Gross Leasable Area Lot Size Price/SF Property Type Property Sub-type Property Use Type Cap Rate No. Stories Tenancy Year Built Parking Ratio Status
$3,195,000 8,436 SF 0 AC $378.73 /SF Retail Strip Center Investment 7% 1 Multiple 2004 6 / 1,000 SF Active
Property Notes
Property Description Rinehart Commons, an ±8,436 SF, multi-tenant retail center strategically positioned at the main entrance of a busy Walmart Supercenter. Subjects' tenant base consists of 73% National or Regional concepts, of which have occupied the Property since its original delivery. A savvy investor can acquire the Subject with new, attractive debt rates and expect to return more than 12% cash on cash while adding value by increasing the rent on National Jeweler, thereby increasing cash flow to approximately 29%.
Location Description The Property is located in Sanford, Florida which is approximately 25 miles north/north east of Downtown Orlando and is considered part of the Greater Orlando MSA. Subject is located in one of Central Florida's healthiest retail submarkets with average occupancy over 95 percent. Other points of interest include the Simon's, Seminole Towne Center Mall located less than one quarter mile west of the Subject. The mall is considered one of Central Florida's healthiest enclosed malls, boasting anchor tenants that include, Dick's Sporting Goods, Macy's, Dillard's and Burlington Coat Factory.
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4
1755 NE 162 STREET, North Miami Beach, FL 33162 Property Details Price Gross Leasable Area Lot Size Price/SF Property Type Property Sub-type Property Use Type Tenancy Status
$1,275,000 10,056 SF 0.68 AC $126.79 /SF Retail Strip Center Investment Multiple Active
Property Notes
Property Description ANOTHER EXCLUSIVE LISTING BY COMMON CAPITAL PARTNERS: 10,000SF SHOP/OFFICE CENTER AT A VERY $127.5/SF. 29KSF LAND FLEXIBLE LEASES SO THE CENTER CAN BE REPOSITIONED WITH NEW LEASES TO DRAW NEW INCOME, PLENTY OF PARKING SPACES, PERFECT FOR USER INVESTOR OR A SINGLE TENANT SUCH AS A SCHOOL, MEDICAL PRACTICE OR TO ESTABLISH AN OFFICE PARK. LISTING IS CONFIDENTIAL DON' T SPEAK WITH TENANTS. GREAT POTENTIAL FOR UPSIDE.
Location Description LOCATED IN THE CITY OF NORTH MIAMI BEACH, ON 162 STREET. JUST A FEW BLOCKS FROM BISCAYNE BLVD AND A SHORT DISTANCE FROM AVENTURA, MIAMI SHORES AND SUNNY ISLES BEACH.
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5
3770 East Colonial Drive, Orlando, FL 32803 Property Details Price Gross Leasable Area Lot Size Price/SF Property Type Property Sub-type Additional Sub-types
Property Use Type Cap Rate Occupancy Tenancy Year Built Status
$6,500,000 10,513 SF 1.62 AC $618.28 /SF Retail Strip Center Retail (Other) Community Center Neighborhood Center Investment 7.31% 100% Multiple 2008 Active
Property Notes
Property Description The subject property is a 10,513-square foot strip center located in Orlando, Florida. The center is 100 percent leased to two national corporate tenants: Mattress Firm and Verizon Wireless. Verizon recently exercised their first option early at a reduced rental rate. Mattress Firm (NASDAQ: MFRM) is one of the largest mattress retailers in the country with over 1,300 locations. Cellco Partnership, doing business as Verizon Wireless, is a wholly owned subsidiary of Verizon Communications operating over 1,700 stores.Located along East Colonial Drive, the property features excellent visibility and easy access directly across from the Orlando Fashion Square Mall. This busy retail corridor experiences exposure to daily traffic counts in excess of 67,700 vehicles. Orlando Fashion Square Mall is a one million square foot indoor shopping mall anchored by Macy' s, Dillard' s, JC Penney, Sears and a new Dick's Sporting Goods.
Location Description Orlando is a city in the central region of the U.S. state of Florida. It is the county seat of Orange County, and the center of the Greater Orlando Metropolitan Area. Orlando is the fifth largest city in Florida, and the state' s largest inland city. Orlando is nickname The Beautiful City, and is globally known for the Walt Disney World Resort. The City also boasts many attractions such as Universal Studios, Islands of Adventure, SeaWorld, and Gatorland. The city' s famous attractions from the backbone of Orlando' s tourism industry, making it the most visited city in the United States in 2009. Orlando attracts over 51 million tourists a year according to the Orlando International Airport report. It is also home to the University of Central Florida.
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11350 Southeast Federal Highway, Hobe Sound, FL 33455 Property Details Price Building Size Lot Size Price/SF Property Type Property Sub-type Property Use Type Cap Rate Occupancy Tenancy Status
$1,613,000 6,249 SF 0.67 AC $258.12 /SF Retail Free Standing Bldg Investment 6.75% 100% Single Active
Property Notes
Property Description Investment- Brand New 15 Year, Absolute Net Lease- 10% Rent Bumps Every 5 Years- Zero State Income Tax Benefits- Renovated-to-Suit in 4q 2014- Nearby Tenants Include Taco Bell, Wendy's, Burger King, McDonalds, Walgreens, CVS, Rite Aid, Walmart, Etc
Location Description Location Highlights- 5 Mile Population Exceeds 21,000 (and Growing)- Daily Traffic Counts of Approximately 27,000- Average Household Income Over $69,000 within 5 Miles- Home Values Exceed $205,000 within 5 Miles
7
22545 Catfish Lake Road, Land O Lakes, FL 34639 Property Details Price Building Size Lot Size Price/SF Property Type Property Sub-type Additional Sub-types
Property Use Type Cap Rate Occupancy No. Stories Tenancy Year Built Status
$2,166,667 5,546 SF 1.60 AC $390.67 /SF Retail Free Standing Bldg Street Retail Vehicle Related Retail Pad Investment 6% 100% 1 Single 2014 Active
Property Notes
Property Description The subject property is a brand new freestanding Pep Boys Auto located in Land O' Lakes (Tampa), Florida. This Pep Boys Service and Tire center is their new prototype building with new branding and 6 service bays. The 5,546 square-foot building sits on approximately 1.6 acres of land. The brand new 10-year NNN lease just commenced in December 2014. There are rare 8% rental increases every 5 years throughout the primary lease term and in each of the (4) five year option periods. Under the lease, Tenant is responsible for the maintenance and repair of the roof, structure, HVAC, and all common area maintenance to the Premises. Landlord shall only be responsible for replacing the roof and structure (capital replacements) if needed.
Location Description The property is located in Land O' Lakes, Florida (19 miles north of downtown Tampa) in a dense retail trade area on State Road 54. Land O' Lakes is an affluent fast growing Tampa suburb with population growth exceeding 100% since 2000. The Pep Boys is strategically positioned immediately adjacent to the west of the AutoZone at the intersection of Catfish Lake Road and SR 54. The property benefits from its excellent visibility and frontage along SR 54, which boasts over 55,000 vehicles per day. National retailers in the immediate vicinity include Publix, Belk, Winn Dixie, Wal-Mart, Ross, AutoZone, Chili' s, Advance Auto Parts, Dunkin' Donuts, Taco Bell, Arby' s, Bank of America, Walgreens, Wells Fargo, Chase, Sonic Drive-Thru, and CVS.
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7161 Lake Andrew Drive, Melbourne, FL 32940 Property Details Price Building Size Lot Size Price/SF Property Type Property Sub-type Additional Sub-types Property Use Type Cap Rate Occupancy Tenancy Year Built Status
$3,848,000 12,150 SF 1.50 AC $316.71 /SF Retail Anchor Free Standing Bldg Retail Pad Investment 6% 100% Single 2015 Active
Property Notes
Property Description Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in a brand new freestanding, single tenant, NNNleased, corporate guaranteed PetSmart located in Viera, Florida. PetSmart has recently executed a brand new 10-year lease. The leasefeatures a 5% increases in year 6 and 3% rental increase at the beginning of each of the 4 (5-Year) option periods, which generat steady NOIgrowth and a hedge against inflation. The building is PetsMart' s latest prototype, featuring state of the art construction qualities and latest
Location Description The property is ideally located at the SEC corner of Lake Andrew Drive and Harnett Drive in the master planned community of Viera oneof the fastest growing regions in the state of Florida (located within close proximity to Orlando). Lake Andrew Drive is a high traffic corridorand the main shopping destination in the region, drawing from a wide consumer base living within a 20-mile radius. PetSmart benefits fromthe excellent cross-over shopping and tenant synergy of adjacent developments totaling over 1MM SF of prime retail, entertainment andlifestyle oriented retailers, including the 525,000 SF Avenue Viera shopping center, anchored by Sports Authority, Kohl' s, Michaels, and the336,000 SF Shoppes at Lake Andrew, anchored by Walmart Supercenter (open 24 hours daily). Additionally, newly opened national retailersinclude: T.J. Maxx / Homegoods, Target, Pier One, Total Wine & More, Hobby Lobby, Ross Dress for Less, Belk, Old Navy, Cost Plus WorldMarket, Bed Bath & Beyond, and Office Depot. The demographic area consists of a 2014 population of 201,100. Co-Listed with: B. Kohlhepp: Florida Lic: BK 522285
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90791 Old Highway, Tavernier, FL 33070 Property Details Price Building Size Lot Size Price/SF Property Type Property Sub-type Property Use Type Cap Rate Occupancy Tenancy Year Built Tax ID/APN Status
$3,500,000 10,777 SF 1.36 AC $324.77 /SF Retail Retail (Other) Investment 6% 100% Multiple 2013 See location Active
Property Notes
Property Description An Investor' s Dream! At the entrance of the Village of Islamorada in the fabulous Florida Keys lies this all new waterside marketplace. Just off Tavernier Creek for immediate ocean and bay access, the 2013 custom-built facility includes a sandy beach area, boat dockage, and charming shops, 2 apartments, a cafe, offices, and a salon. Solid tenants and excellent rental income. There is even potential for expansion! There is a beer and wine license already in place. Attracting tourists and locals, by land or by sea, this is a prime offering in a perfect location.
Location Description Located at the north end of Plantation Key on the ocean side.Parcel ID's included: 00437520, 00437530, 00437540, 00437550, 00437560, 00437570, 00437580
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Map
Map
200 miles © 2015 Microsoft Corporation © 2015 Microsoft Corporation
1
4337 West Fairfield Drive Pensacola, FL 32505
2
22545 Catfish Lake Road Land O Lakes, FL 34639
3
1681 Rinehart Road Sanford, FL 32771
4
11350 Southeast Federal Highway Hobe Sound, FL 33455
5
3317 West Hillsboro Boulevard Deerfield Beach, FL 33442
6
1755 NE 162 STREET North Miami Beach, FL 33162
7
3770 East Colonial Drive Orlando, FL 32803
8
7161 Lake Andrew Drive Melbourne, FL 32940
9
90791 Old Highway Tavernier, FL 33070
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