RETAIL FOR LEASE 50 W FLAGLER 50 W FLAGLER ST | MIAMI PROPERTY HIGHLIGHTS: • Premier Downtown Miami retail space for lease • 2,898 SF available for rent • Directly in front of the Miami-Dade County Courthouse • Direct frontage on West Flagler Street, which is the main artery road in Downtown • Located just off the I-95 exit • Two blocks South of the Government Center Metro Station and Five blocks south of the Miami Brightline Station • Situated in the heart of Downtown Miami and is walking distance from Bayfront Park, Bayside Marketplace, American Airlines Arena and the Adrienne Arsht Center • The building is also within close proximity to under construction projects such as the Miami World Center, Miami Central and All Aboard Florida • Estimated population of about 55,000 within a one-mile radius in 2017, which marks a 15% increase since 2010 - expected to increase to over 63,000 in 2022 50 W FLAGLER 50 W FLAGLER ST | MIAMI SURVEY: 50 W FLAGLER 50 W FLAGLER ST | MIAMI Miami-Dade County Courthouse 50 W FLAGLER Brickell Downtown Miami Bayfront Park 50 W FLAGLER Miami-Dade County Courthouse FLAGLER STREET REDEVELOPMENT Criteria Project Benefits • Public infrastructure improvements • Follow Economic Development models of Ocean Drive and Lincoln Road in Miami Beach • Spur economic development • Streetscapes spur redevelopment • Attract new businesses • Retain, expand and attract businesses to the street and surrounding areas • Create jobs and increase salaries • Create hundreds of jobs for residents throughout Miami Dade County • Increase property values • Generate increased City and County property taxes and fees • Support County assets on the street, such as the Cultural Center and the Courthouse $75 million approved for economic development • Generate ridership and revenue for Miami-Dade Transit and All Aboard Florida “game changing” projects as part of G.O.B. • Provide a home for regular community events and street festivals • Return Flagler Street to its former glory as Greater Miami’s historic main street. R/R Crossing Gates can close sections of the street Shade Trees for festivals and events Raised Mid-block Café Tables Colorful Pedestrian Crossings Flowers Palm Trees Large Sidewalks for “Scramble” Crossings Shopping/Dining Actual steel railroad rail Valet / Loading Zone All directions at once embedded in sidewalk FLAGLER STREET REDEVELOPMENT The construction and beautification project will proceed east in 13 phases on a block-by-block basis over an 18 month timeframe. Most of the phases will be grouped together with drainage well location, underground utilities and maintenance of traffic in mind. 50 W FLAGLER 50 W FLAGLER ST | MIAMI DEMOGRAPHICS ▪ The metro is expected to add nearly 140,000 people through 2021. During the same period, approximately 50,000 households will be formed, generating demand for SPORTS housing. ▪ The homeownership rate of 54 percent is below the national rate of 64 percent, maintaining a strong rental market. ▪ The cohort of 20- to 34-year-olds composes 21 percent of the population. 2016 Population by Age 6% 17% 7% 28% 27% 15% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS EDUCATION 2016 2016 2016 2016 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 2.7M 933K 39.3 $43,900 Growth Growth U.S. Median: U.S. Median: 2016-2021*: 2016-2021*: 5% 5.6% 37.7 $54,500 QUALITY OF LIFE Miami-Dade County has developed into a cosmopolitan urban area offering a vibrant business and cultural community. The metro has an abundance of popular attractions. Miami hosts the Capital One Orange Bowl and is home to several professional sports ARTS & ENTERTAINMENT teams, including the Miami Dolphins, the Miami Marlins and the Miami Heat. The county has a broad array of cultural attractions, historic sites and parks. These include the Adrienne Arsht Center for the Performing Arts, Zoo Miami and Everglades National Park. The region is home to a vibrant and diverse culture, family-friendly neighborhoods, a plethora of shops and restaurants, and beautiful weather and beaches. It also offers easy access to Latin America and the Caribbean. * Forecast 8 Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau 50 W FLAGLER 50 W FLAGLER ST | MIAMI ECONOMY ▪ Various industries provide a diverse economy. Trade, international finance, healthcare and entertainment have become major segments in the local business community. ▪ A strong tourism industry has developed, with ties to Latin America and the Caribbean. ▪ Tourism and trade depend on a large transportation sector. PortMiami and Miami International Airport are both major contributors to employment and the economy. ▪ The Miami metro gross metropolitan product (GMP) expansion is expected to outpace the U.S. GDP in 2017 and retail sales for the county are also rising. MAJOR AREA EMPLOYERS Baptist Health South Florida University of Miami American Airlines Precisions Response Corp. Publix Supermarkets Winn-Dixie Stores Florida Power & Light Co. Carnival Cruise Lines AT&T * Forecast Mount Sinai Medical Center SHARE OF 2016 TOTAL EMPLOYMENT 3% 15% 12% 12% 7% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES 26% 4% + 15% 2% 5% 9 TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES 50 W FLAGLER 50 W FLAGLER ST | MIAMI Created on March 2018 POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles ▪ 2022 Projection Total Average Household Retail Expenditure $50,468 MARKETINGDEMOGRAPHICS$48,646 TEAM$49,987 Total Population 63,717 249,610 512,378 ▪ Consumer Expenditure Top 10 Categories ▪ 2017 Estimate Total Population 55,456 233,195 492,211 Housing $13,603 $13,030 $13,409 ▪ 2010 Census Transportation $10,388 $10,129 $10,366 Total Population 48,286 210,070 445,882 Shelter $8,174 $7,697 $7,897 ▪ 2000 Census Food $5,398 $5,109 $5,234 Total Population 30,120 179,519 410,161 Personal Insurance and Pensions $3,697 $3,527 $3,711 ▪ Current Daytime Population Utilities $2,868 $2,807 $2,894 2017 Estimate 162,200 395,417 823,617 Health Care $2,642 $2,864 $3,032 HOUSEHOLDS 1 Miles 3 Miles 5 Miles Entertainment $2,127 $2,270 $2,418 ▪ 2022 Projection Apparel $1,710 $1,512 $1,540 Total Households 33,044 108,601 219,289 Household Furnishings and Equipment $1,186 $1,163 $1,206 ▪ 2017 Estimate POPULATION PROFILE 1 Miles 3 Miles 5 Miles Total Households 27,529 97,806 203,985 ▪ Population By Age Average (Mean) Household Size 1.91 2.29 2.33 2017 Estimate Total Population 55,456 233,195 492,211 ▪ 2010 Census Under 20 14.89% 18.42% 18.91% Total Households 23,740 88,016 185,720 20 to 34 Years 34.74% 25.84% 24.43% ▪ 2000 Census 35 to 39 Years 10.70% 8.39% 7.96% Total Households 12,667 69,295 162,420 40 to 49 Years 14.30% 14.40% 14.51% ▪ Occupied Units 50 to 64 Years 14.74% 17.54% 18.14% 2022 Projection 33,044 108,601 219,289 Age 65+ 10.63% 15.39% 16.07% 2017 Estimate 34,055 110,128 230,039 Median Age 35.15 38.34 39.16 HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles ▪ Population 25+ by Education Level ▪ 2017 Estimate 2017 Estimate Population Age 25+ 43,223 175,517 368,432 $150,000 or More 8.58% 7.18% 7.70% Elementary (0-8) 12.79% 16.18% 12.94% $100,000 - $149,000 9.07% 7.41% 7.38% Some High School (9-11) 7.37% 9.69% 9.87% $75,000 - $99,999 7.41% 7.00% 7.32% High School Graduate (12) 21.79% 27.40% 28.20% $50,000 - $74,999 12.63% 12.31% 13.45% Some College (13-15) 9.66% 10.27% 11.83% $35,000 - $49,999 10.39% 11.76% 12.51% Associate Degree Only 7.15% 6.68% 7.12% Under $35,000 51.93% 54.33% 51.65% Bachelors Degree Only 21.23% 16.50% 16.75% Average Household Income $63,392 $59,021 $62,392 Graduate Degree 17.73% 10.75% 10.81% Median Household Income $32,694 $30,810 $33,338 Per Capita Income $31,654 $25,042 $26,079 10 Source: © 2017 Experian 50 W FLAGLER 50 W FLAGLER ST | MIAMI Alex Zylberglait (786) 522 7056 [email protected].