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FORTUNOFF BACKYARD STORE TENANT OVERVIEW the Fortunoff Backyard Store Is a Mid-Priced to High-End Retailer of Outdoor Furniture and Accessories

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FORTUNOFF BACKYARD STORE TENANT OVERVIEW the Fortunoff Backyard Store Is a Mid-Priced to High-End Retailer of Outdoor Furniture and Accessories 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 YORK NEW JERSEY CONNECTICUT FLORIDA Lake Grove Cherry Hill Stamford Fort Lauderdale Melville Eatontown DELAWARE Fort Myers Patchogue Lawrenceville Wilmington Stuart Staten Island Brick Newark (Christiana) Boca Raton Westbury Springfield Naples Poughkeepsie Ledgewood PENNSYLVANIA Palm Beach Gardens Nanuet Livingston King of Prussia Royal Palm Beach Yonkers Woodbridge Montgomeryville Sarasota Riverhead Paramus Exton Totowa CHAIR KING BACKYARD STORE OVERVIEW 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 AREA DALLAS/FT WORTH AUSTIN Memorial Grapevine Lakeline Willowbrook Arlington Lakeway Bay Area Hulen SAN ANTONIO Stafford Rockwall Northwest Kirby Colony Central Humble McKinney Woodlands Katy FORTUNOFF BACKYARD STORE SALE-LEASEBACK OPPORTUNITIES Woodbridge, NJ Staten Island, NY Riverhead, NY Size 13,514 SF Size 9,400 SF Size 13,645 SF PRICE UPON REQUEST PRICE UPON REQUEST PRICE UPON REQUEST DAVID LUCAS FRED FEINBLUM JEREMY ISAACS JULIUS M. FEINBLUM REAL ESTATE, INC. JULIUS M. FEINBLUM REAL ESTATE, INC. RIPCO REAL ESTATE CORP. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY 11803 OFFICE (516) 844-8890 l CELL (516) 850-5784 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY 11753 OFFICE (516) 844-8890 l CELL (516) 810-6057 [email protected] OFFICE (516) 933-8880 l CELL (516) 647-5782 [email protected] [email protected] www.furniturerealestate.com www.ripcony.com 127 W Kelly St (US 1) Woodbridge, NJ MARKET OVERVIEW DEMOGRAPHICS 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. 1-MILE 3-MILE 5-MILE 14,388 122,810 307,307 PROPERTY HIGHLIGHTS POPULATION HOUSEHOLDS 4,973 43,779 105,136 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 MEDIAN HH INCOME $86,771 $84,390 $79,931 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. DAVID LUCAS FRED FEINBLUM JEREMY ISAACS JULIUS M. FEINBLUM REAL ESTATE, INC. JULIUS M. FEINBLUM REAL ESTATE, INC. RIPCO REAL ESTATE CORP. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY 11803 OFFICE (516) 844-8890 l CELL (516) 850-5784 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY 11753 OFFICE (516) 844-8890 l CELL (516) 810-6057 [email protected] OFFICE (516) 933-8880 l CELL (516) 647-5782 [email protected] [email protected] www.furniturerealestate.com www.ripcony.com W 1 O 2 7 O D VIEW FROM W KELLY ST VIEW FROM US 1 W B R K E I L D L G Y E S T N J Retail Aerial 127 W Kelly St (US 1), Woodbridge, NJ 127 W Kelly St (US 1), Woodbridge, NJ 2075 Richmond Ave Staten Island, NY MARKET OVERVIEW DEMOGRAPHICS 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- 1-MILE 3-MILE 5-MILE 278 and Route 440. POPULATION 26,643 178,581 527,525 PROPERTY HIGHLIGHTS HOUSEHOLDS 9,771 63,452 185,425 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 MEDIAN HH INCOME $77,053 $76,230 $69,338 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. DAVID LUCAS FRED FEINBLUM JEREMY ISAACS JULIUS M. FEINBLUM REAL ESTATE, INC. JULIUS M. FEINBLUM REAL ESTATE, INC. RIPCO REAL ESTATE CORP. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY 11803 OFFICE (516) 844-8890 l CELL (516) 850-5784 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY 11753 OFFICE (516) 844-8890 l CELL (516) 810-6057 [email protected] OFFICE (516) 933-8880 l CELL (516) 647-5782 [email protected] [email protected] www.furniturerealestate.com www.ripcony.com S 2 0 T 7 A 5 T E R N I C I H M S O L N A D N D A V N E Y Retail Aerial 2075 Richmond Ave, Staten Island, NY Staten Island Pergament Mall 2075 Richmond Ave, Staten Island, NY 1189 Old Country Rd Riverhead, NY MARKET OVERVIEW DEMOGRAPHICS 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 1-MILE 3-MILE 5-MILE the population more than doubles during peak season. POPULATION 4,753 22,778 32,958 PROPERTY HIGHLIGHTS HOUSEHOLDS 1,568 8,241 11,994 The Fortunoff location in Riverhead is a 13,645 SF building located MEDIAN HH INCOME $49,454 $54,914 $60,414 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 Tanger Outlets which has a significant consumer draw. Other major retailers in the area include Home Depot, Best Buy, Lowe’s, Target, Costco, etc. DAVID LUCAS FRED FEINBLUM JEREMY ISAACS JULIUS M. FEINBLUM REAL ESTATE, INC. JULIUS M. FEINBLUM REAL ESTATE, INC. RIPCO REAL ESTATE CORP. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY 11803 OFFICE (516) 844-8890 l CELL (516) 850-5784 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY 11753 OFFICE (516) 844-8890 l CELL (516) 810-6057 [email protected] OFFICE (516) 933-8880 l CELL (516) 647-5782 [email protected] [email protected] www.furniturerealestate.com www.ripcony.com 1 R 1 8 I 9 V O E L D R H C O E U N A T D R Y R N D Y Retail Aerial 1189 Old Country Rd, Riverhead, NY 1189 Old Country Rd, Riverhead, NY.
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