holliday fenoglio fowler, l.p. (“hff”) is pleased to
TRANSCRIPT
Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively offer for sale Promenades and Highlands Plaza (the “Properties”), two Winn-Dixie anchored neighborhood shopping centers totaling 333,276 square feet. This offering represents a unique opportunity to acquire two Seasoned, Value-Add Winn-Dixie Anchored Centers located within Expanding Secondary Markets in Florida. With a combined occupancy of 87%, these Properties offer Significant Value-Add Potential through the lease-up of available small shop space, mark-to-market, and outparcel development.
Port Charlotte, FL
Promenades and Highlands Plaza are being offered as a portfolio or individually.
Lakeland, FL
PROPERTY OVERVIEWAddress 3280 Tamiami Trail
Port Charlotte, FL 33980
Site Size (Acres) 26.4
Year Built/Renovated 1976/2009
GLA (SF) 230,704
Occupancy 88.4%
Parking Ratio 4.93 per 1,000 SF
Traffic Counts Tamiami Trail 48,500 vpdOlean Blvd 12,100 vpdHarbor Blvd 11,700 vpd
Existing Debt To be sold free and clear
TENANT SUMMARYAnchor Tenants Area (SF) % of Total
Winn-Dixie 52,416 22.70%
Bealls 41,290 17.90%
In-Line Space 34,220 14.80%
Fawcett Memorial (Office) 31,905 13.80%
Available 26,782 11.60%
Tuesday Morning 18,000 7.80%
Charlotte Co Sheriff's Office 15,000 6.50%
YouFit Health Club (Expansion) 11,091 4.80%
Total 230,704 100.0%
• Dominant grocery-anchored community center within the Port Charlotte market
• Ultra-high volume “Transformational” Winn-Dixie store with strong and consistent sales growth over the last three years
• Value-add potential through continued lease-up, market-to-market and development/sale of two outparcel pads
• Long-tenured and nationally prominent roster comprises 79% of GLA
• Densely populated trade area with strong surrounding daytime traffic drivers
• Excellent visibility and access along region’s most critical thoroughfare – Tamiami Trail (US-41)
US 41 (42,500 VPD)US 41 (42,500 VPD)
55B55A
35 33
36 39 40 40A
37 38
56
11-17
2025
2728
43
41
48
45
531
5352
505
51
485-495
50
54A
54B
CharlotteHeart &VascularInstitute
AnimalClinic
PromenadesSurgery Center
21stCentury
Oncology
AAAInsurance
Bank ofAmerica
Pik N RunPizza City
Pylon Sign Outparcel A
Available Spaces
ngi S nol y P
TAMIAMI TRAILTAMIAMI TRAIL
HARBOR BOULEVARD (11,700 VPD)
HARBOR BOULEVARD (11,700 VPD)
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AARON STREETAARON STREET
29
Available1.17 Acres
Outparcel BAvailable
0.63 Acres
32
Port Charlotte, FL
• Highly visible Winn-Dixie grocery-anchored neighborhood shopping center
• Strong anchor sales growth in excess of 14% over the last two years
• Significant value-add potential through lease-up, mark-to-market, tenant repositioning, and outparcel development/leasing
• Long-term Anchor and Junior Anchor leases provide stable cash flow
• Recent renovations mitigate future capital requirements
PROPERTY OVERVIEW
Address 2900 Lakeland Highlands RoadLakeland, Fl 33803
Site Size (Acres) 15.68
Year Built/Renovated 1988
GLA (SF) 102,572
Occupancy 84.8%
Parking Ratio 4.5 per 1,00 SF
Traffic Counts Edgewood Drive 16,000 vpd
Existing Debt To be sold free and clear
2972Beer Revolution - 1,274 SF
2810
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g - 1,
200 S
F28
14He
alth S
tore
1,450
SF
2826
Fast
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00 SF 28
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,600 S
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ari’s
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- 1,60
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2848
Top T
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ails -
1,60
0 SF
2930
Avail
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- 1,40
0 SF
2934
Avail
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- 1,40
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2938
China
1 - 1
,400 S
F
2818
Liquo
r &To
bacc
o Outl
et2,4
05 SF
2834Available6,720 SF
2900
51,675 SF
Outparcel BAvailable
1.26 Acres2946
Highlands MRI3,800 SF
2960Coast Dental
2,200 SF
2968Available -1,001 SF
2980Music Go Round
5,225 SF
2984Available - 1,625 SF
3010Available - 3,500 SF
3020Central FL Speech &
Hearing Center10,000 SF
Available Spaces
Outparcel AAvailable
1.64 Acres
LAKELAND HIGHLANDS ROADLAKELAND HIGHLANDS ROAD
S EDGEWOOD DRIVE (16.000 VPD)
S EDGEWOOD DRIVE (16.000 VPD)
TENANT SUMMARY
Anchor Tenants Area (SF) % of Total
Winn-Dixie 51,672 50.4%
Central Florida Speech & Hearing 10,000 9.7%
Music Go Round 5,225 5.1%
Highlands MRI 3,800 3.7%
In-Line Retail 16,229 15.8%
Available Shops 15,646 15.3%
Total 102,572 100.0%
Lakeland, FL
Port Charlotte, FL
STABLE PUNTA GORDA MSAPort Charlotte is a fast-growing region along the north side of the Peace River benefiting from retirement, resort, and commuter migration. Port Charlotte benefits from its excellent location on Florida’s Gulf Coast between the Sarasota-Manatee and Cape Coral-Ft. Myers MSA’s. The Punta Gorda MSA from which Port Charlotte is a part has a total population of 165,000 as of 2015 Estimates.
There are currently 80,000 residents within five miles of the property with average household incomes in excess of $52,000.
HFF Miami1450 Brickell Avenue
Suite 2950Miami, FL 33131
EXPANDING LAKELAND ECONOMYThe Lakeland regional economy is supported by a diverse array of distribution centers and corporate headquarters. Strategically positioned on I-4 between Tampa and Orlando, high-profile companies such as Publix, GEICO, Rooms to Go, Amazon and Lockheed Martin call the Lakeland-Winter Haven MSA home. The unemployment rate in Lakeland has also sharply declined from 12% to 6.2% in the last four years.
There are currently 60,000 residents within three miles of the property with an average household income in excess of $56,500.
DEMOGRAPHICS OVERVIEW
Population3-mile radius
5-mile radius
7-mile radius
2020 Projection 48,405 83,058 126,731
2015 Population 47,520 80,003 120,073
2010 Population 47,305 77,779 114,152
Growth 2015-20 1.9% 3.8% 5.6%
Growth 2010-15 0.5% 2.9% 5.2%
Household Income
2015 Est. Avg. $47,836 $52,252 $55,127
2015 Est. Med. $38,830 $42,558 $44,548
www.hfflp.com
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MiamiMiami
Ft. LauderdaleFt. Lauderdale
West PalmBeach
West PalmBeach
Fort MyersFort Myers
PortCharlotte
PortCharlotte
NaplesNaples
ClearwaterClearwater
St. PetersburgSt. Petersburg
TampaTampa
LakelandLakeland
Lake WalesLake Wales
Palm BayPalm Bay
SebringSebring
OrlandoOrlando
DEMOGRAPHICS OVERVIEW
Population1-mile radius
3-mile radius
5-mile radius
2020 Projection 6,570 61,125 136,883
2015 Population 6,365 59,994 131,759
2010 Population 6,251 59,779 128,108
Growth 2015-20 3.2% 1.9% 3.9%
Growth 2010-15 1.8% 0.4% 2.9%
Household Income
2015 Est. Avg. $58,401 $56,605 $56,951
2015 Est. Med. $42,944 $41,136 $40,888
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ST PETERSBURG
PINELLASPARK
RIVERVIEW
TAMPABRANDON
SPRING HILL
BROOKSVILLE
FLORAL CITY
WILDWOOD
DADE CITY
ZEPHYRHILLS
PLANT CITY
LAKELAND
BARTOW
FORT MEADEFROSTPROOF
LAKE WALES
HAINES CITY
POINCIANA
CLERMONT ORLANDO
KISSIMMEE
OCOEE
APOPKA
SANFORD
DELTONA
ALTAMONTESPRINGS
WINTER PARK
LEESBURG
EUSTIS
MT DORA
HOMOSASSA
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Old TampaBay
Tampa Bay
WINTER HAVEN
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CLEARWATER
INDIANSHORESSEMINOLE
TREASUREISLANG
ST. PETEBEACH
TIERRA VERDETAMPA BAYSUN CITY
RUSKINGREATER
SUN CENTERWIMAUMA
APOLLOBEACH
GIBSONTONRIVERVIEW
PALMRIVER-CLAIR MEL
BRANDONVALRICO
BLOOMINGDALE
FISH HAWKBOYETTE LITHIA
WILLOW OAK
MULBERRY
BRADLEYJUNCTION
FORT MEADE
BOWLINGGREEN
WAUCHULA
ONAZOLFO
SPRINGS
ARCADIA
CLEVELANDPORTCHARLOTTE
CHARLOTTEHARBOR
FORT MYERS
GROVE CITY
NORTH PORT
SARASOTAMYAKKA CITY
BAYSHOREGARDENS
SOUTHBRADENTON
BRADENTON
SAMOSET
PALMETTOMEMPHIS
ELLENTION
LONGBOATKEY
CORTEZ
HOLMESBEACH
ANNA MARIA
VENICE
GULFPORT
MADEIRABEACH
LARGO
PINELLASPARK
KENNETH CITY
ST. PETERSBURG
WEST ANDEAST LEALMAN
FEATHERSOUND
OLD TAMPABAY
TAMPA
Ala�a RiverState Park
BekerState Park
Lake ManateeLower Watershed
Little ManateeRiver State Park
Tampa Bay EstuarineEcosystem - Teco Tract
& Fulkerson Rd Shell PitTerra CeiaPreserve
State Park
Upper MyakkaRiver Watershed
Myakka RiverState Park
MyakkaState Forest
CharlotteHarbor Preserve
State Park
Matlacha PassAquatic Preserve
Cecil M WebbState Wildlife
Management Area
Lower PeaceRiver Corridor
Rv Gri�nReserveDeer Prairie
Creek
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Holliday Fenoglio Fowler, L.P. (“HFF”) a Florida licensed real estate broker.©2015 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.
Presented By: Debt
Danny Finkle Senior Managing Director Tel 305.448.1333 [email protected]
Luis Castillo Managing Director Tel 305.448.5498 [email protected]
Nat Scarmazzi Associate Director Tel 305.421.6545 [email protected]
Jose Carrazana Associate Director Tel 305.421.6556 [email protected]
Lakeland, FL