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GOODWILL AT SIX MILE & CHALLENGER4950 CHALLENGER BLVD | FORT MYERS, FL 33966
OFFERING MEMORADUM | NEW GOODWILL IN FORT MYERS
*THIS IS NOT AN ACTUAL REPRESENTATION
www.trinitycre.com9250 Corkscrew Rd | Suite 13 | Estero, FL 33928
© 2017 Trinity Commercial Group, Inc.This information is considered accurate, but not guaranteed
CONTACT INFORMATION
WALT [email protected]
MATT FREDRICKSONInvestment [email protected]
EXECUTIVE SUMMARY
OFFERING1. Trinity Commercial Group, Inc. is pleased
to present the sale of a brand new, free standing Goodwill located in Fort Myers, FL.
2. Location: The subject property is located within one of the strongest trade area’s in Fort Myers near Colonial and Six Mile. The trade area boasts a lineup of national retailers that include Publix, Super Walmart, Lowe’s, BJ’s Warehouse, Kohl’s, Hobby Lobby, Chick Fil A, Xfinity, Petsmart and more.
3. Highlights• Brand new freestanding 20,000 SF Building• 15 year base term with increases every 5
years• Almost 2 full acres of land• Fee simple ownership of land and
improvements• Completely NNN• Very strong brand with recession proof
business model• 31 locations across Southwest Florida
ADDRESS: 4590 CHALLENGER BLVDFORT MYERS, FL 33966
BUILDING: APPROX. 20,000 SF
LAND: 2.11± AC
PARKING: 80 SPACES
YEAR BUILT: UNDER CONSTRUCTION (DELIVERY NOVEMBER 2017)
GUARANTEE: GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA
LEASE TYPE: NNN
BASE TERM: 15 YEAR NNN
OPTION PERIODS: THREE (3) CONSECUTIVE TERMS OF FIVE (5) YEARS EACH
PURCHASE PRICE: $6,076,923
NOI: $395,000
CAP RATE: 6.50%
PROPERTY FEATURES
SUBJECT LOCATION
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PROGRAMA.) Phase One Residential 3 Story- 250 UnitsB.) Phase Two Residential 3 Story - 250 UnitsC.) Residential Amenity
PARKING SUMMARYParking - 1.5/Unit=.483 CarsPhase 1 - 375 Cars
Phase 2- 375 Cars
LEGEND1.) Entry Gateway2.)Trash/ Car Wash3.) Easement 100’
CHA
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ING
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AD
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COLONIAL BLVD 76,000± VPD
68,500± VPD
SIX M
ILE CYPRESS PKW
Y
SR 8229,225± VPD
MOSAIC AT THE FORUM552± UNITS
LENNAR 158± TOWNHOMES
TREELINE AVE
CHALLENGER BLVD2,700± VPD
19,800± VPDSIX
MILE CYPRESS PK
WY
PROP. BUILDING20,000 S.F.
F.F.E. 22.50' NAVD
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AVD
80 PARKING SPACES(INCL. 3 HANDICAP SPACES)
GradyMinorCivil Engineers ● Land Surveyors ● Planners ● Landscape Architects
Cert. of Auth. EB 0005151 Cert. of Auth. LB 0005151 Business LC 26000266
Bonita Springs: 239.947.1144 Fort Myers: 239.690.4380
SCALE: 1" = 20'10' 40'20'0
PROP. PAVEMENT
PROP. CONCRETE SIDEWALK/PAD
SITE DATAACRES S.F. %
PROJECT AREA = 1.97 85,602 100
IMPERVIOUS = 1.42 61,748 72.1
BUILDING = 0.46 20,000 23.4
PAVEMENT (INCL CURB) = 0.88 38,342 44.8
CONCRETE (SIDEWALK, OTHER) = 0.08 3,406 4.0
PERVIOUS = 0.55 23,854 27.9
OPEN SPACE = 0.55 23,854 27.9
FINANCIAL INFO
RENT ROLL
LEASE YEAR(S) BASE RENT PER SF ANNUAL BASE RENT MONTHLY BASE RENT
1-5 $19.75 $395,000 $32,916.67
6-10 $21.73 $434,000 $36,216.67
11-15 $23.90 $478,000 $39,833.33
16-20 (Option Period 1) $26.29 $525,800 $43,816.67
21-25 (Option Period 2) $28.92 $578,400 $48,200.00
26-30 (Option Period 3) $31.81 $636,200 $53,016.67
“At Goodwill Industries of Southwest Florida, we help Southwest Floridians with disabilities and other disadvantages become more independent. Our programs and services are designed to give a “hand up, not a handout.”
We provide job training and placement, affordable housing, youth programs, and other needed services in Charlotte, Collier, Glades, Hendry, and Lee Counties. Our programs are funded primarily through our 31 Southwest Florida Retail & Donation Centers.”
• 2014 & 2015 Winner: Gulfshore Business Magazine “Best Charitable Organization”
• 2015 Winner: Fort Myers News-Press “Best Nonprofit” and “Best Thrift Store”
• 2016 Winner “Best Thrift Store”WWW.GOODWILLSWFL.ORG/
MARKET OVERVIEW SOUTHWEST FLORIDA
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 ar-eas: 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 es-timated 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 de-velopers 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 residen-tial condominiums); southern Lee County (commercial de-velopment 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 addi-tion 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. Tour-ism 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.
SOUTHWEST FLORIDA
Located on the south bank of the Caloosahatchee River, Fort Myers has been home to soldiers, ranchers, cowboys, snowbirds and inventors. Named after Col. Abraham Myers, Fort Myers was founded in 1850 as a military outpost during the Seminole Wars. The Fort saw service again as a Union outpost during the Civil War and was officially retired from military service in 1865. Almost immediately the abandoned Fort Myers became home to settler families, land speculators and Florida Crackers (our cowboys and cowgirls).
By 1885, the town of Fort Myers was established, the Fort Myers Press was printing and world famous inventor Thomas Alva Edison called Fort Myers his winter home. During this period Fort Myers became the county seat of the newly formed Lee County and tourism boomed as offshore tarpon fishing enticed sport fishermen and adventurers from around the world.
Fort Myers saw amazing growth through the 1920s until the combination of a failing real estate market and crashing stock market sent Fort Myers into depression. The new Federal Post Office building, the Edison Bridge and the Yacht Basin all made significant improvements to the struggling downtown.
It was a return to Fort Myers’ military heritage that would bring all of Southwest Florida out of depression and into prosperity. The establishment of Buckingham Field and Page Field during World War II brought thousands of service men and women to Lee County and gave local business a much need boost with government contracts and services for the two bases. Since the 1950’s Southwest Florida and Fort Myers have seen amazing growth and prosperity and have become premiere destinations for sun-seekers, investors and retirees.
CITY OF FORT MYERS
Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 1©2017, Sites USA, Chandler, Arizona, 480-491-1112
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SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 26.6049/-81.8118RS1
GOODWILL1 mi radius 3 mi radius 5 mi radius
Fort Myers, FL 33966
POPU
LATI
ON
2017 Estimated Population 5,517 33,450 131,452
2022 Projected Population 6,151 38,520 154,115
2010 Census Population 4,359 23,238 109,023
2000 Census Population 2,304 10,524 84,126
Projected Annual Growth 2017 to 2022 2.3% 3.0% 3.4%
Historical Annual Growth 2000 to 2017 8.2% 12.8% 3.3%
2017 Median Age 37.9 39.8 39.4
HO
USE
HO
LDS
2017 Estimated Households 1,937 13,675 51,665
2022 Projected Households 2,005 14,227 54,421
2010 Census Households 1,337 9,322 42,920
2000 Census Households 907 4,094 32,841
Projected Annual Growth 2017 to 2022 0.7% 0.8% 1.1%
Historical Annual Growth 2000 to 2017 6.7% 13.8% 3.4%
RAC
E AN
DET
HN
ICIT
Y
2017 Estimated White 73.0% 66.9% 64.0%
2017 Estimated Black or African American 17.4% 21.3% 21.8%
2017 Estimated Asian or Pacific Islander 2.7% 2.5% 2.4%
2017 Estimated American Indian or Native Alaskan 0.3% 0.3% 0.5%
2017 Estimated Other Races 6.6% 9.0% 11.4%
2017 Estimated Hispanic 23.0% 22.8% 24.3%
INC
OM
E 2017 Estimated Average Household Income $63,107 $75,081 $68,072
2017 Estimated Median Household Income $58,433 $62,594 $56,433
2017 Estimated Per Capita Income $25,470 $31,288 $27,033
EDU
CAT
ION
(AG
E 25
+)
2017 Estimated Elementary (Grade Level 0 to 8) 4.5% 4.4% 8.9%
2017 Estimated Some High School (Grade Level 9 to 11) 11.9% 7.2% 8.2%
2017 Estimated High School Graduate 28.8% 26.9% 27.6%
2017 Estimated Some College 19.8% 19.9% 18.9%
2017 Estimated Associates Degree Only 9.8% 9.2% 8.2%
2017 Estimated Bachelors Degree Only 16.2% 20.3% 17.5%
2017 Estimated Graduate Degree 8.9% 12.2% 10.7%
BUSI
NES
S 2017 Estimated Total Businesses 364 1,755 8,787
2017 Estimated Total Employees 4,007 24,160 89,906
2017 Estimated Employee Population per Business 11.0 13.8 10.2
2017 Estimated Residential Population per Business 15.1 19.1 15.0
9250 Corkscrew Rd | Suite 13 | Estero, FL 33928 © 2017 Trinity Commercial Group, Inc.
This information is considered accurate, but not guaranteed.
