Upload
others
View
3
Download
0
Embed Size (px)
Citation preview
PRESENTED BY:
LAZY FLAMINGOOFFERING MEMORANDUMPREMIUM SANIBEL/CAPTIVA INVESTMENT OPPORTUNITY6536, 6529, 6520 PINE AVE & 2495 COCONUT DR • SANIBEL ISLAND, FL 33957
L O C A T E D I NS A N I B E L , F L
C A P T I VA I S L A N D
PINE AVEPINE AVE
SANI
BEL-
CAPTIVA
RD
SANI
BEL-
CAPTIVA
RD
trinitycre.com9250 Corkscrew Rd • Suite 13 • Estero, FL 33928
© 2019 Trinity Commercial GroupThis information is considered accurate, but not guaranteed.
KIM DAUGHERTYSenior [email protected]
MIKE MCMURRAYMcMurray and MembersOf Royal Shell Real [email protected]
DOUG OLSONPrincipal | Managing [email protected]
CONTACT US:
EXECUTIVE SUMMARYLAZY FLAMINGO
PROP
ERTY
OVE
RVIE
W ADDRESS:6536, 6529, 6520 PINE AVE & 2495 COCONUT DR SANIBEL ISLAND, FL 33957
OWNERSHIP TYPE: INVESTMENT / END USER
BUILDING SIZE: TOTAL - 13,115± SF
ACREAGE: TOTAL - 1.41± AC
YEAR BUILT: 1975, 1979, 1982
ZONING: COMMERCIAL
LEASE TYPE: NEGOTIABLE
LOCATION:
THE SUBJECT SITE IS LOCATED ON THE NEC OF SANIBEL CAPTIVA RD & PINE AVE IN SANIBEL ISLAND, FL. THE SITE IS LOCATED RIGHT AT THE ENTRANCE TO CAPTIVA.
ASKING PRICE: $8,500,000
NOI: NEGOTIABLE
NSOUTHWEST, FLORIDA
N
PINE AVEPINE AVE
COCO
NUT
DR
COCO
NUT
DR
MANGROVE LNMANGROVE LN
SANIBEL-CAPTIVA RD
SANIBEL-CAPTIVA RD
SUNSETGRILL
LAZY FLAMINGO
SANTIVAGENERAL
STORE
RETAIL/INDUSTRIAL
BUILDING
OFFICE
APT #1
APT #2
N
4
3
2
1
# NAME PROPERTY SQ FT ACRES BLDG
SQ FTDATE BUILT
1 LAZY FLAMINGO 16,462 0.38 5,304 1982
2SUNSET GRILL
& SANTIVA GENERAL STORE
22,550 0.52 3,494 1975
3RETAIL /
INDUSTRIAL BUILDING
16,360 0.38 2,542 1979
4 DRIVEWAY 6,183 0.14 - -
LAZY FLAMINGOOFFICE
APARTMENT #1
3 BED 2 BATH
APARTMENT #2
2 BED 1 BATH
LAZY FLAMINGO - 1,863± SF (EST. 1988)OFFICE - 1,296± SFAPT. #1 - 1,530± SFAPT. #2 - 1,032± SF
1
SUNSET GRILL - 2,121± SF (EST. 1994)SANTIVA GENERAL STORE - 2,549± SF (EST. 2002) 2
RETAIL/INDUSTRIAL BUILDING2,724± SF 3
This
rep
ort
was
pro
duc
ed u
sing
dat
a fr
om p
rivat
e an
d g
over
nmen
t so
urce
s d
eem
ed t
o b
e re
liab
le. T
he in
form
atio
n he
rein
is p
rovi
ded
with
out
rep
rese
ntat
ion
or w
arra
nty.
SUMMARY PROFILE2000-2010 Census, 2019 Estimates with 2024 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.4801/-82.1801RS1
2495 Coconut Dr3 mi radius 5 mi radius 10 mi radius
Sanibel, FL 33957
PO
PU
LATI
ON
2019 Estimated Population 0 T 1,503 2,532 12,645
2024 Projected Population 0 T 1,769 3,078 14,284
2010 Census Population 0 T 1,204 2,147 10,898
2000 Census Population 0 T 1,036 1,805 10,547
Projected Annual Growth 2019 to 2024 - 3.5% 4.3% 2.6%
Historical Annual Growth 2000 to 2019 - 2.4% 2.1% 1.0%
2019 Median Age 60.0 59.5 62.5
HO
US
EH
OLD
S
2019 Estimated Households 0 T 766 1,293 6,647
2024 Projected Households 0 T 875 1,530 7,229
2010 Census Households 0 T 613 1,090 5,717
2000 Census Households 0 T 495 875 5,378
Projected Annual Growth 2019 to 2024 - 2.8% 3.7% 1.8%
Historical Annual Growth 2000 to 2019 - 2.9% 2.5% 1.2%
RA
CE
AN
D
ETH
NIC
ITY
2019 Estimated White - 90.9% 89.6% 93.3%
2019 Estimated Black or African American - 7.6% 8.5% 3.6%
2019 Estimated Asian or Pacific Islander - 0.6% 0.8% 0.9%
2019 Estimated American Indian or Native Alaskan - - - 0.1%
2019 Estimated Other Races - 0.9% 1.1% 2.0%
2019 Estimated Hispanic - 6.2% 5.5% 5.8%IN
CO
ME 2019 Estimated Average Household Income $0 T $165,534 $168,901 $123,580
2019 Estimated Median Household Income $0 T $101,363 $95,984 $89,680
2019 Estimated Per Capita Income $0 T $84,637 $86,704 $65,055
ED
UC
ATI
ON
(AG
E 2
5+)
2019 Estimated Elementary (Grade Level 0 to 8) - 3.7% 3.6% 1.5%
2019 Estimated Some High School (Grade Level 9 to 11) - 8.0% 7.8% 5.7%
2019 Estimated High School Graduate - 14.1% 14.2% 19.4%
2019 Estimated Some College - 15.8% 17.0% 18.5%
2019 Estimated Associates Degree Only - 2.2% 2.2% 5.6%
2019 Estimated Bachelors Degree Only - 26.0% 26.0% 26.2%
2019 Estimated Graduate Degree - 30.1% 29.1% 23.1%
BU
SIN
ES
S 2019 Estimated Total Businesses 0 T 94 165 957
2019 Estimated Total Employees 0 T 967 1,684 6,494
2019 Estimated Employee Population per Business - 10.3 10.2 6.8
2019 Estimated Residential Population per Business - 15.9 15.4 13.2
©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2019, TIGER Geography
D E M O G R A P H I C SS A N I B E L I S L A N D , F L
TENANT INFORMATIONLAZY FLAMINGO
“If our seafood were any fresher, we would be serving it underwater.”
The Lazy Flamingo restaurants operate in the casual dining, seafood class of restaurant. The Company philosophy is to serve only fresh seafood and, provide a festive and “local” type of atmosphere in an establishment decorated with a nautical theme.
LOCATIONS:
The Original Lazy Flamingo • 6520-C Pine Avenue, Sanibel Island, FL • 239-472-5353
Lazy Flamingo #2 • 1036 Periwinkle Way, Sanibel Island, FL • 239-472-6939
Lazy Flamingo #3 • 16501 Stringfellow Rd. Bokeelia, FL • 239-283-5959
Lazy Flamingo #4 • 12951 McGregor Blvd. Fort Myers, FL • 239-476-9000
A B O U T T H E T E N A N T
WWW.FACEBOOK.COM/LAZY-FLAMINGO-301422630527/
MARKET OVERVIEWLAZY FLAMINGO
Definitions of Southwest Florida vary, though its boundaries are generally considered to put it south of the Tampa Bay area, west of Lake Okeechobee, and mostly north of the Everglades and to include Manatee, Sarasota, Charlotte, Lee, and Collier counties. For some purposes, the inland counties of DeSoto, Glades, and Hendry, and the thinly populated mainland section Monroe County, south of Collier, are also included. The region includes four metropolitan areas: the North Port-Bradenton-Sarasota MSA (sometimes alternately considered a part of the Tampa Bay Area to the north), the Cape Coral-Fort Myers MSA, the Naples-Marco Island MSA, and the Punta Gorda MSA. Southwest Florida is one of the fastest-growing areas in the nation, according to the U.S. Census Bureau’s most recent population estimates.
Lee and Collier counties ranked in the top 10 of the nation’s fastest-growing metro areas based on population increases from July 2013 to July 2014. Census figures released today show Lee County added 18,177 people during that span, an increase of 2.7 percent, the sixth-largest increase in the country. Collier ranked No. 10 with an increase of 2.5 percent, adding an estimated 8,671 residents. The Census Bureau estimated Lee’s population at 679,513 as of last July and 348,777 for Collier. If both counties grow at their same rates through July 2015 that would put Lee’s population at an estimated 697,860 and Collier’s at 357,496.
Southwest Florida was largely ignored by commercial developers until the late 1800s, and as such, lacks much of the heavier development present in other parts of Florida, such as that found in the central or southern regions of the state. In recent years however, there has been a major real estate boom focusing on downtown Fort Myers (high-rise residential condominiums); southern Lee County (commercial development and high-technology); eastern Collier County (residential development); and eastern parts of Bradenton.
Southwest Florida International Airport, located in South Fort Myers, served over 7.9 million passengers in 2014 and offers non-stop flights to 3 cities in Europe and 2 in Canada, in addition to 36 domestic airports. The area’s secondary airport, Sarasota-Bradenton International Airport, served 2.9 million passengers in 2014. Southwest Florida is served by several major highways, including the Tamiami Trail (U.S. 41) and the Interstate 75 freeway, both of which connect the area to Tampa to the north, and Greater Miami–Ft. Lauderdale to the east. Tourism is a major economic driver in the area. In addition, many seasonal residents live in the area during the winter months, as temperatures in south Florida stay very moderate during that time of year.
SOUTHWESTFLORIDA
With over 167,000 annual visitors (2014), Sanibel is a city in Lee County, Florida, United States, on Sanibel Island. The population was 6,469 at the 2010 census, with an estimated 2012 population of 6,741. It is part of the Cape Coral–Fort Myers Metropolitan Statistical Area. Sanibel is a barrier island – a collection of sand on the leeward side of the more solid coral-rock of Pine Island. The city incorporates the entire island, with most of the city proper at the east end of the island. After the Sanibel causeway was built to replace the ferry in May 1963, the residents asserted control over development by establishing the Sanibel Comprehensive Land Use Plan in 1974 helping to maintain a balance between development and preservation of the island’s ecology. A new, higher bridge, permitting passage without a bascule bridge (drawbridge) of tall boats and sailboats, was completed in late 2007.
Thanks to easy causeway access, Sanibel is a popular tourist destination known for its shell beaches and wildlife refuges. More than half of the island is made up of wildlife refuges, the largest being J.N. “Ding” Darling National Wildlife Refuge. The Island hosts the Sanibel Historical Village and a variety of other museums and theaters, as well as many non-profit organizations like the Sanibel-Captiva Conservation Foundation, the Clinic for the Rehabilitation of Wildlife, and the Sanibel Sea School. In August 2004, Hurricane Charley hit the island causing mandatory evacuation for the residents and resulting in the most storm damage to the island in 44 years.
There were 3,049 households out of which 10.7% had children under the age of 18 living with them, 65.3% were married couples living together, 3.2% had a female householder with no husband present, and 30.3% were non-families. 25.9% of all households were made up of individuals and 14.7% had someone living alone who was 65 years of age or older. The average household size was 1.99 and the average family size was 2.33. In the city the population was spread out with 10.1% under the age of 18, 1.7% from 18 to 24, 12.4% from 25 to 44, 35.8% from 45 to 64, and 40.0% who were 65 years of age or older. The median age was 60 years. For every 100 females there were 90.6 males. For every 100 females age 18 and over, there were 88.9 males. The median income for a household in the city was $79,044, and the median income for a family was $92,455. Males had a median income of $40,641 versus $27,481 for females. The per capita income for the city was $66,912. About 2.0% of families and 3.2% of the population were below the poverty line, including 2.8% of those under age 18 and 1.5% of those age 65 or over.
SANIBEL ISLAND
FACTS AT A GLANCE
YEARS SINCE TCG’S
INCEPTIONOVER 200+
ACTIVE LISTINGS
TEAM MEMBERS INSOUTH FL OFFICES
TENANT REPRESENTATION
ASSET DISPOSITION
INVESTMENT SERVICES
LANDLORDREPRESENTATION
DEVELOPMENT SERVICES
MULTI-FAMILY
8+
30+
© 2019 Trinity Commercial GroupThis information is considered accurate, but not guaranteed. TCG has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than TCG and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income,expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information herein is subject to change.
PRESENTED BY:
SOUTHWEST FL OFFICE9250 Corkscrew Rd Suite #13Estero, FL 33928
P: 239.334.3040
KIM DAUGHERTYSenior [email protected]
MIKE MCMURRAYMcMurray and MembersOf Royal Shell Real [email protected]
DOUG OLSONPrincipal | Managing [email protected]