FORTUNOFF BACKYARD STORE

FORTUNOFF BACKYARD STORE TENANT OVERVIEW

The Fortunoff Backyard Store is a mid-priced to high-end retailer of outdoor furniture and accessories. Their broad and unique product line features an array of quality patio and outdoor furniture, backyard accessories, grills, outdoor rugs, umbrellas and more.

According to Casual Living Magazine, Fortunoff was rated #1 in the sale of outdoor furniture in the United States among specialty retailers. In 2016, Fortunoff Backyard Store, along with parent-company Chair King, generated an estimated $123.6 million dollars in sales. Fortunoff is one of the most recognizable names in the outdoor furniture industry to the consumer in the northeast.

In 1922, Fortunoff started as a home, jewelry and furniture retailer by Max and Clara Fortunoff in Brooklyn, NY. The company’s flagship store opened in 1964 in Westbury, NY as an anchor in a major retail shopping center built around the Fortunoff store. Fortunoff steadily grew and had four full-line stores in the chain that carried every product category for the home including jewelry, gifts and outdoor furniture and accessories, as well as 16 specialty stores, two of which sold jewelry and fine gifts and 14 of which focused on indoor and outdoor furniture. These 14 stores were known as Fortunoff Backyard Stores.

Today, The Fortunoff Backyard store has 34 operating locations in New York, New Jersey, Connecticut, Delaware, Pennsylvania and Florida.

NEW YORKLake GroveMelvillePatchogueStaten IslandWestburyPoughkeepsieNanuetYonkersRiverhead

NEW JERSEYCherry HillEatontownLawrencevilleBrickSpringfieldLedgewoodLivingstonWoodbridgeParamusTotowa

CONNECTICUTStamford

DELAWAREWilmingtonNewark (Christiana)

PENNSYLVANIAKing of PrussiaMontgomeryvilleExton

FLORIDAFort LauderdaleFort MyersStuartBoca RatonNaplesPalm Beach GardensRoyal Palm BeachSarasota

CHAIR KING BACKYARD STOREOVERVIEW

Fortunoff Backyard Store is majority owned by one of the largest outdoor retailers in the United States, Chair King.

Chair King Backyard Store was founded in Houston in 1950 and has since grown to be the largest casual furniture retailer in Texas. Chair King offers the largest selection of casual furniture in the South, maintaining over $10 million in inventory.

Chair King currently operates 18 Backyard Stores throughout Texas and continues to expand. The company also operates a design showroom, Leisure Collections, at the Houston Design Center.

HOUSTON AREAMemorialWillowbrookBay AreaStaffordKirbyHumbleWoodlandsKaty

DALLAS/FT WORTHGrapevineArlingtonHulenRockwallColonyMcKinney

AUSTINLakelineLakeway

SAN ANTONIONorthwestCentral

FORTUNOFF BACKYARD STORE SALE-LEASEBACK OPPORTUNITIES

Woodbridge, NJSize 13,514 SF

PRICE UPON REQUEST

Staten Island, NYSize 9,400 SF

PRICE UPON REQUEST

Riverhead, NYSize 13,645 SF

PRICE UPON REQUEST

DAVID LUCASJULIUS M. FEINBLUM REAL ESTATE, INC.25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY 11803OFFICE (516) 844-8890 l CELL (516) 810-6057 [email protected]

JEREMY ISAACSRIPCO REAL ESTATE CORP.100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY 11753OFFICE (516) 933-8880 l CELL (516) [email protected]

FRED FEINBLUMJULIUS M. FEINBLUM REAL ESTATE, INC.OFFICE (516) 844-8890 l CELL (516) [email protected]

127 W Kelly St (US 1)Woodbridge, NJ

MARKET OVERVIEW

PROPERTY HIGHLIGHTS

DEMOGRAPHICS

1-MILE 3-MILE 5-MILE

POPULATION 14,388 122,810 307,307

HOUSEHOLDS 4,973 43,779 105,136

MEDIAN HH INCOME $86,771 $84,390 $79,931

Woodbridge, New Jersey is a city in Middlesex County with regional access via three major highways, The Garden State Parkway, The New Jersey Turnpike and I-287.

The Fortunoff location in Woodbridge is a 13,514 SF building located on the major retail corridor US 1. US 1 has an average traffic count of 93,360 vehicles per day. The super regional, Menlo Park Mall, sits a half mile west of the location with major retailers such as Macy’s and Nordstrom. About a mile northeast of the location is the Woodbridge Center which features more than 1.6 million square feet of retail space including major retailers such as Boscov’s, JCPenney, Macy’s and Sears.




WOODBRIDGE

NJ

VIEW FROM W KELLY ST VIEW FROM US 1

127

W

KELLY

ST

Retail Aerial 127 W Kelly St (US 1), Woodbridge, NJ

127 W Kelly St (US 1), Woodbridge, NJ

2075 Richmond AveStaten Island, NY

MARKET OVERVIEW

Staten Island, New York is the southernmost borough of New York City. It sits between New York and New Jersey with direct access to Long Island and the other boroughs via i-278 and New Jersey via i-278 and Route 440.

PROPERTY HIGHLIGHTS

The Fortunoff location in Staten Island is a 9,400 SF building located on Richmond Avenue in the heart of the regional trade area with superior exposure in the market. Richmond Avenue has an average traffic count of 44,299 vehicles per day. A mile south of the location is the only regional mall on Staten Island, the Staten Island Mall, which sees more than 12 million shoppers every year. The mall consists of 205 retailers, including JCPenney, Macy’s, Sears, etc. Other major retailers in the area include Target, Best Buy, Lowe’s, Pier Imports, Lowes, Raymour & Flanigan, Ashley Furniture HomeStore and more.

DEMOGRAPHICS


POPULATION 26,643 178,581 527,525

HOUSEHOLDS 9,771 63,452 185,425

MEDIAN HH INCOME $77,053 $76,230 $69,338




STATEN

ISLAND

NY

2075

RICHMOND

AVE

Retail Aerial

Staten Island Pergament Mall

2075 Richmond Ave, Staten Island, NY

2075 Richmond Ave, Staten Island, NY

1189 Old Country RdRiverhead, NY

MARKET OVERVIEW

PROPERTY HIGHLIGHTS

DEMOGRAPHICS


POPULATION 4,753 22,778 32,958

HOUSEHOLDS 1,568 8,241 11,994

MEDIAN HH INCOME $49,454 $54,914 $60,414

Riverhead, New York is located on the North Shore of Long Island in eastern Suffolk County, 76 miles northeast of New York City. It is situated at the gateway to both the South Fork and North Fork of Long Island which are heavy touristic summer destinations where the population more than doubles during peak season.

The Fortunoff location in Riverhead is a 13,645 SF building located on County Road 58 (Old Country Road) in the heart of Riverhead’s retail hub. Old Country Road has an average traffic count of 25,342 vehicles per day. Two miles west of the location are the TangerOutlets which has a significant consumer draw. Other major retailers in the area include Home Depot, Best Buy, Lowe’s, Target, Costco, etc.




RIVERHEAD

NY

1189

OLD

COUNTRY

RD

Retail Aerial 1189 Old Country Rd, Riverhead, NY

1189 Old Country Rd, Riverhead, NY

Documents

FORTUNOFF BACKYARD STORE