41± Acres | Commercial E Irlo Bronson Memorial HWY , Saint Cloud FL 34771
Total Page:16
File Type:pdf, Size:1020Kb
41± Acres | Commercial E Irlo Bronson Memorial HWY , Saint Cloud FL 34771 O F F E R I N G M E M O R A N D U M 41± Acres | Commercial CONTENTS 01 Executive Summary 04 Additional Information Investment Summary 4 Area Overview 17 Location Summary 5 Economy & Income 18 Upcoming Projects 19 02 Property Description The Lake Nona Community 20 Lake Nona Medical City 21 Property Features 6 Harmony Golf Preserve 22 Aerial Map 7 Property Images 8 03 Demographics Demographics 14 Demographic Charts 15 Exclusively Marketed by: Brian Capo Managing Partner (407) 404-1846 License # FL SL3267919 [email protected] We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 41± Acres | Commercial Confidentiality and Disclaimer | 03 CONFIDENTIALITY AND DISCLAIMER The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from FL Retail Advisors and it should not be made available to any other person or entity without the written consent of FL Retail Advisors. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to FL Retail Advisors. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. FL Retail Advisors has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, FL Retail Advisors has not verified, and will not verify, any of the information contained herein, nor has FL Retail Advisors conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT FL RETAIL ADVISORS FOR MORE DETAILS. Copyright © 2019 , LLC. All Rights Reserved. 41± Acres | Commercial Investment Summary | 04 OFFERING SUMMARY FL Retail Advisors is pleased to offer the fee simple interest in a 41.27± Acre parcel, located in along US Highway 192, ADDRESS E Irlo Bronson Memorial HWY which serves as the primary retail corridor in Saint Cloud, Saint Cloud FL 34771 Florida. The Subject is zoned Highway Business and COUNTY Osceola Commercial Future Land Use. OFFERING PRICE $10,500,000 The Subject property is centrally located within a rapidly growing area. The property is surrounded by residential PRICE PSF $5.84 neighborhoods, and significant future residential development LAND SF 1,797,721 SF is planned nearby. The property is a short distance from several residential communities that are planned or under OWNERSHIP TYPE Fee Simple construction, including Center Lake Ranch (2,201 single family and 1,172 multi-family homes), Twin Lakes (2,000 ZONING TYPE Highway Business | Commercial attached and single-family homes), Live Oak Lake (329 # OF PARCELS 1 homes), and Lancaster Park East (461 homes). In total, approximately 8,000 new residential units are planned or already under construction within a three-mile radius of the DEMOGRAPHICS 1 MILE 3 MILE 5 MILE property. Between 2010 and 2018, the population grew by 2019 Population 7,672 37,772 73,717 approximately 22%within three miles of the property and more than 30% within five miles. Current projections predict 2019 Median HH Income $46,880 $54,948 $57,756 that the population within one, three and five-mile radius will 2019 Average HH Income $63,348 $69,277 $72,063 increase approximately 16% between 2018 and 2023. Directly South of a Top 10 Master-Planned Community The Subject is also located directly behind the Publix- anchored Narcoossee Shoppes, tenanted by Walgreens, MetroPCS, Pizza Hut, Great Clips, and more. Close Proximity to Lake Nona and Medical City 1,320 Feet of Frontage on a Major East-West Thoroughfare Explosive Population Growth of Thirty Six Percent Development Incentives Available Tremendous Development in the Immediate Area Exposure to 49,400± Vehicles per Day 41± Acres | Commercial Location Summary | 05 Regional Map St. Cloud is a city in northern Osceola County in Central Florida, approximately 26 miles southeast of Orlando. Osceola County’s economic base is dominated by tourism, serving as a “gateway” to Disney World and other Central Florida attractions. The area’s historical investments in ranching and citrus are still very strong, while light industry and service enterprises are growing due to Osceola’s transportation advantages and proximity to the Greater Orlando area. Osceola County is home to the international headquarters of Tupperware Brands Corporation. Other firms like Gatorade (PepsiCo), Mercury Marine, McLane-Suneast, Lowe’s, Omni ChampionsGate Resort, Gaylord Palms Resort and Convention Center, and ESPN Wide World of Sports (Disney) have also found profitable and productive homes in the Osceola County area. St. Cloud and Osceola County are part of the Orlando- Kissimmee-Sanford Metropolitan Statistical Area (MSA), also known as Greater Orlando. By population, Greater Orlando is the third largest Locator Map metropolitan area in Florida and the fifth largest in the southeastern United States, with a population of over 2.5 million. Greater Orlando is best known for its tourism industry, which attracts millions of visitors each year. Famous attractions include Walt Disney World, SeaWorld Orlando, and Universal Orlando. In recent years, Orlando’s economy has greatly diversified from tourism, and the area is now considered a primary city for the modeling, simulation, and training (MS&T) industry. As a high-tech industrial hub, Orlando has the largest research park in Florida, Central Florida Research Park. Orlando is targeting the biotechnology and life sciences industries, with major new projects clustering in the Lake Nona Medical City, a 650-acre health and life sciences park. Orlando is also home to the University of Central Florida, the largest university in the United States by undergraduate enrollment, as well as the largest by total enrollment, with over 66,000 students. 41± Acres | Commercial Property Features | 06 PROPERTY FEATURES LAND SF 1,797,721 LAND ACRES 41.27 # OF PARCELS 1 ZONING TYPE Highway Business | Commercial TRAFFIC COUNTS 49,400 41± Acres | Commercial Aerial Map | 07 41± Acres | Commercial Property Images | 08 41± Acres | Commercial Property Images | 09 41± Acres | Commercial Property Images | 10 41± Acres | Commercial Property Images | 11 41± Acres | Commercial Property Images | 12 41± Acres | Commercial Property Images | 13 41± Acres | Commercial Property Images | 14 St Cloud Development Projects 2019 41± Acres | Commercial Development Projects 2019 Development Projects – St. Cloud 2019 | Status: Blue = Open, Orange = Approved, Red = On Hold 1. Thompson Grove: Proposed a mixed use subdivision consisting of 284 lots and 10-acre commercial area Proposed a mixed-use subdivision consisting of 125 single family homes and a 10-acre commercial tract Annexation of 44.565 acres of vacant land 2. Canopy Walk: Proposed a residential subdivision consisting of 16.05 acres with 72 lots • Lillian Estates: very close to canopy walk Proposed a residential subdivision consisting of 17.17 acres with 74 lots 3. Autozone: Construction of a 7,381 sf AutoZone and associated infrastructures 4. Lancaster Park East – Phase 2: Proposed a residential subdivision consisting of 188 single family homes 5. Brown Chapel Enclave – townhouse development: Construction of a townhouse development with 28 dwelling units on 2.156 acres of land • Commerce Center Business Park: Revision to existing PUD to allow a 75,674 sf mini-storage facility and a 82,000 sf office/warehouse/flex space units and associated infrastructures. 6. Copacabana Assisted Living: Construction of a 127 unit assisted living facility