Chipotle, Pei Wei & Zoes Kitchen
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chipotle, pei wei & zoes kitchen top retail node in orlando offered as part of a portfolio: click here for portfolio package TROPHY NEW CONSTRUCTION STRIP CENTER PAD TO SUPER TARGET, corporately backed leases [ www.CapitalPacific.com ] 4750 Millenia Plaza Way, Orlando, FL 32839 Click for Map nt hi TROPHY NEW CONSTRUCTION STRIP CENTER FeatURING THREE me ghl CORPOrate REStaURANTS IN THE preMIER retaiL TRADE AREA OF st ig e h v t THE ORLANDO MSA n s The subject property is located in a high-growth submarket i of Orlando, FL, the third largest metro area in the United PRICE: $7,270,000 States . The property is just six miles from downtown Orlando CAP: 5.75% and in close proximity to many of the area’s premier tourist destinations . RENTABLE SF ...........8,200 SF An outparcel to a Super Target anchored center, Millenia Plaza CURRENT RENT . $51 .60/SF is located in the heart of a robust retail node . The center is just LOT SIZE . 1 .36 AC north of the Mall at Millenia, the #1 mall in the State of Florida and one of the strongest-performing malls in the country . YEAR BUILT . 2016 In addition to the subject property, the center includes a two- tenant retail building and a freestanding Verizon . Each lease for the center is corporately backed and all three buildings mall at millenia: top 10 mall in us are being offered for sale individually or as a portfolio . Please sales volume psf: $1,360 click here for the portfolio offering memorandum. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Listing Team Contact Info chris kostanecki zeb ripple ck@capitalpacific .com | (415) 274-2701 zripple@capitalpacific .com | (415) 274-2702 CA BRE# 01002010 CA BRE# 01242540 chris peters jack navarra cpeters@capitalpacific .com | (415) 274-2703 jnavarra@capitalpacific .com | (415) 274-2705 CA BRE# 01339983 CA BRE# 01909630 Listed in conjunction with FL Licensed Broker: Capital Pacific collaborates . Andrew T . Knight | New England Commercial Brokerage Click Here to meet the rest of Andrew@NECBrokerage .com | (860) 648-1600 our San Francisco team . chipotle, PEI WEI & ZOES kitchen | 2 core characteristics The subject property is a 100% occupied, freestanding building and STRONG DEMOGRAPHICS boasts an impressive lineup of national restaurant tenants, all of which are Millenia Plaza is well located in an affluent, densely populated suburb of on long-term, corporately backed leases . This offering represents the rare Orlando . The subject property boasts impressive demographics of 243,00 opportunity for an investor to acquire an asset with the combination of people in a five mile radius with average household incomes in excess of strong credit, long-term leases, and attractive rent increases . $58,000 LEASE HIGHLIGHTS EXCELLENT RETAIL MARKET • All tenants feature 10-year net leases The subject property is situated in the center of a booming retail trade area . • 10% increases every 5 years in primary term and options Immediately to the south of Millenia Plaza is the Mall at Millenia, the #1 • All leases are either signed by corporate tenants or feature a corporate mall in the state of Florida (anchored by Neiman Marcus, Bloomingdale’s, guaranty and Macy’s) . Other high-end tenants in the mall include Chanel, Gucci, Prada, Louis Vuitton, Tiffany & Co, Burberry, and Jimmy Choo . The Mall at PROMINENT, HIGH VISIBILITY LOCATION Millenia draws from a trade area of 1 .5 million people with a potential for The subject property is situated at the gateway to Millenia Plaza . The retail expenditures north of $5 billion . property benefits from excellent visibility along Millenia Blvd and has dedicated access from the signalized entrance to the larger center . The ORLANDO LOCAL ECONOMY property stands to benefit from recent development in the area, which Orlando is the 3rd largest metro area and one of the most popular tourist will further enhance traffic . The trade area can be accessed by Interstate 4 destinations in the US . The Orlando area averages more than 62 million (165,000 ADT), a primary highway that also provides access to the area’s visitors who contribute $33 billion to the local economy each year . In many tourist destinations . addition to tourism, Orlando features a booming technology sector . With an impressive 53,000 employees, Orlando’s $13 .4 billion tech industry makes it one of the fastest-growing job markets in the country . The Orlando economy is also expecting a big boost from the life science sector . The 100% occupied with an impressive lineup of area’s new life science development, Medical City, will consist of 650 acres and create 30,000 jobs . The development’s impact on the local economy national retailers on long-term leases is estimated at $7 .6 billion over the next decade . chipotle, PEI WEI & ZOES kitchen | 3 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. zoomed-out aerial MILLENIA PLAZA IS SITUAted in the epicenter of orlando’s top retAIL NODE Dr. Phillips High School 4 400 urnpike Conroy Road 482 Orlando International Premium Outlets Florida’s T International Drive Value Center 435 435 S Kirkman Road Eagle’s Nest Elementary Millenia Plaza 161,000 DAILY xpressway E Artegon Marketplace eachline 4 B 400 SHINGLE CREEK GOLF CLUB Millenia Plaza ndersen The Mall at Millenia A Eccleston Elementary Martin 528 Sand Lake Road Millenia Plaza Way oung 482 S JohnParkway Y Road Conroy Sand Lake Corners S John Y Parkwayoung urnpike Millenia Shopping Center Florida’s T 4 400 482 CITY CENTER 528 chipotle, PEI WEI & ZOES kitchen | 4 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. zoomed-in aerial LOCATED JUST NORTH OF THE TOP-PERFORMING MALL IN FLORIDA 161,000 DAILY The Mall at Millenia CITY CENTER 4 Shingle Conroy Road Creek Elementary 400 Millenia Boulevard 10,000 DAILY Vineland Road Millenia Plaza Way Millenia Shopping Center 4 400 oulevard B Conroy Road Millenia chipotle, PEI WEI & ZOES kitchen | 5 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. income & expense Current Price: $7,270,000 Capitalization Rate: 5.75% Price Per Square Foot: $886.59 Total Leased (SF): 100% 8,200 Total Vacant (SF): 0 .00% 0 Total Rentable Area (SF): 100% 8,200 INCOME Per Square Foot Scheduled Rent* $51 .60 $423,100 EFFECTIVE GROSS INCOME $423,100 EXPENSE CapEx Reserves ($0 .10) ($820) Management Fee (1 .0%) ($0 .52) ($4,231) Utility Expenses NNN Insurance NNN Property Taxes NNN TOTAL OPERATING EXPENSES ($0.62) ($5,051) NET OPERATING INCOME $418,049 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. chipotle, PEI WEI & ZOES kitchen | 6 rent roll TENANT INFO LEASE TERMS RENT SUMMARY Monthly Tenant Sq. Ft. Unit Term Annual Rent Rent/FT Rent Zoe’s Kitchen 2,800 Pad B 1 5 $11,433 $137,200 $49 .00 6 10 $12,577 $150,920 $53 .90 Option 1 11 15 $13,834 $166,012 $59 .29 Option 2 16 20 $15,218 $182,616 $65 .22 Option 3 21 25 $16,739 $200,872 $71 .74 Pei Wei 3,000 Pad B 1 5 $12,625 $151,500 $50 .50 6 10 $13,888 $166,650 $55 .55 Option 1 11 15 $15,278 $183,330 $61 .11 Option 2 16 20 $16,805 $201,660 $67 .22 Chipotle 2,400 Pad B 1 5 $11,200 $134,400 $56 .00 6 10 $12,320 $147,840 $61 .60 Option 1 11 15 $13,552 $162,624 $67 .76 Option 2 16 20 $14,908 $178,896 $74 .54 Option 3 21 25 $16,398 $196,776 $81 .99 Option 4 26 30 $18,038 $216,456 $90 .19 Occupied 8,200 100% $35,258 $423,100 $51.60 Vacant 0 0% Current Totals: 8,200 100% This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. chipotle, PEI WEI & ZOES kitchen | 7 millenia plaza lots 1 & 3 offered as part of a portfolio. click here for portfolio package chipotle, PEI WEI & ZOES kitchen | 8 The three outparcels of Millenia Plaza are being offered individually site plan as well as a portfolio. Please click here for portfolio package SITE PLAN KEY M I L Parcel OUTLINE: L E N LAND AREA: 1 36. AC IA P L A Z BUILDING AREA: 8,200 SF A W A INGRESS/EGRESS: Y NOT Y A PART DAIL 10,000 D R A V E L U O B A I N E L L I M This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering.