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1 Rare High-Volume Publix Shopping Center Opportunity with Immediately Actionable Value-Add Opportunities in a Growing Southwest Florida Market—Ft Myers
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Rare High-Volume Publix Shopping Center Opportunity with Immediately Actionable Value-Add Opportunities in a Growing Southwest Florida Market—Ft Myers
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Big Cypress Reservation
Babcock-Webb Wildlife Area
Brighton Indian Reservation
Southwest Florida Int'l Airport
Myakka River State Park
Charlotte Harbor State Park
Florida Panther Nat'l Wildlife Ref
JN Ding Darling Nat'l Wildlife Refuge
Lake Wales Ridge Nat'l Wildlife Ref
C a p e C o r a lF o r t M ye r s
B o n i t a S p r i n g s
N a p l e s
S a n i b e l
C a p t i va
P u n t a G o r d a Lake Okeechobee
Gulf of Mexico
£¤27
ST70
ST78
ST31
ST72
ST29
ST80
ST776
ST29
ST78
S a r a s o t a
75
Ve n i c e B e a c h
Po r t C h a r l o t t e
SOUTHWEST FLORIDAINTERNATIONAL AIRPORT
75
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INVESTMENT Highlights• 73% Leased, High Volume Publix-Anchored Shopping
Center in High Growth Florida Market. Seldom do opportunities arise to buy a highly successful Publix-anchored shopping center where Publix has only one five (5) year renewal option remaining at a significantly below market rental rate. In addition, at 73.1% occupancy, there are multiple high-quality small shop spaces available to drive significant revenue growth.
• Projected NOI Growth of +90% and +7% CAGR - “The Unicorn” in Grocery-Anchored Investment Opportunities
• Expected PSF Pricing +40% Below Replacement Cost and+60% Below Recent Comparable Sales. At the projected sale price, Daniels Crossing would trade signif i cantly below replacement cost of $250 PSF and at a fraction to the +$450 PSF recently paid for Daniels Marketplace across the street.
• Unencumbered by a Publix ROFR/ROFO and Existing Debt. The Publix lease does not include any purchase rights and the Property is being of f ered on a free and clear basis, which allows an investor to take advantage of historically low lending rates to generate significant levered returns.
• Publix-Anchored Centers Occupancy Exceeds 95% in the Market. Daniels Crossing has been serving this market since 1990 and has seen the market mature into a vibrant and desirable community. The market enjoys near-full occupancy levels and has seen above average growth over the last five years.
PROPERTY OVERVIEWAddress 6900 Daniels Parkway Fort Myers, FL 33912
Year Built 1990
Site Size (Acres) 15.93
GLA (SF) 112,003
Occupancy 73.1%
Parking Spaces (Ratio) 573 (5.1 per 1,000 SF)
Traffic Counts Daniels Parkway 54,500 vpdSix Mile Cypress 34,000 vpd
A-1
A-3
A-4
A-5
A-7
A-8
A-10
A-11
A-12
A-14
A-15
A-17
B-1B-2B-3
B-4
B-5
B-6B-7
C-1
C-2
C-4
C-5
C-6
C-8
C-9
C-1
1C
-13
C-1
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Daniels Parkway (54,500 VPD)Daniels Parkway (54,500 VPD)
Inte
rnat
iona
l Driv
eIn
tern
atio
nal D
rive
Six
Mile
Cyp
ress
(34,
000
VPD
)Si
x M
ile C
ypre
ss (3
4,00
0 VP
D)
FutureCar Wash Daniels Parkway
Animal Hospital$78M in Deposits $73.8M in Deposits
(Not Included)Outparcels 2.1-acres
Current TenantVacantProperty BoundaryHas relocation clauseRed text:
$94.1M in Deposits
(Not Included)
(Not Included)
B-4
112,003SQUARE FEET
+40%BELOW
REPLACEMENT COST
131,511RESIDENTS*
*5-MILE RADIUS
$84,959AVG. HH INCOME*
*5-MILE RADIUS
73%OCCUPIED
+90%PROJECTED NOI GROWTH
WITHIN 5-YEARS
TENANCT SUMMARYSuite Tenant Square Feet
A-01 Stadium Cleaners 2,080
A-03 NY Pizza 1,300
A-04 Subway 1,170
A-07 All State Insurance 905
A-08 Le Nails & Spa 1,810
A-12 TD Ameritrade 1,810
A-14 Duck Donuts 1,772
A-15 Three Pepper Burrito 1,650
AA Publix 48,890
B-02-03 Glamour Paws 3,010
B-06 Quest Diagnostic 2,565
C-01 Sally Beauty Co. 1,720
C-02 Potts Sports Cafe 3,879
C-04 Run Shoppe 1,065
C-05 UPS Store 1,065
C-06 Dr. Shelley King 2,130
C-09 KM Hair Designs 1,420
C-11 Ed Klopfer School of RE 1,092
C-15 School of Rock 2,532
A-05 Available 1,810
A-10 Available 905
A-11 Available 905
A-17 Available 1,000
B-01 Available 1,720
B-04 Available 4,170
B-05 Available 11,316
B-07 Available 1,922
C-08 Available 1,420
C-13 Available 4,970
Total Square Feet 112,003
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APPROVED FUTURE
DEVELOPMENT
OPPORTUNITY
DANIELS MARKETPLACERecently sold $464 PSF; 5.4% Cap Rate
THE SHOPPES AT PLANTATION
CYPRESS POINTASSISTED LIVING FACILITY
MARKET SQUARE II739
MARKET SQUARE I BELL TOWER SHOPS
CYPRESS LAKE
CYPRESS TERASSEUNIVERSITY CROSSING
DANIELS PKWY (54,500 VPD)
DANIELS PKWY (54,500 VPD)
6 MILE CYPRESS PKWY (34,000 VPD)6 MILE CYPRESS PKWY (34,000 VPD)
▪ +350 Million Expansion (2021) to 624 Beds▪ 900,000 SF Facility
TAMIAMI TRAILTAMIAMI TRAIL
NOT INCLUDED(0.5 ACRES)
NOT INCLUDED(0.5 ACRES)
NOT INCLUDED(1.6 ACRES)
NOT INCLUDED(1.6 ACRES)
$78M in Deposits
$73.8M in Deposits
$94.1M in Deposits
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PRESENTED BY
INVESTMENT ADVISORY
DEBT ADVISORY
DANNY FINKLESenior Managing [email protected]
T+1 305 761 0000
JESSE WRIGHTDirector
[email protected]+786 532 2347
LUIS CASTILLOManaging Director
[email protected]+1 305 495 5969
KIM FLORESSenior Associate
[email protected]+1 305 448 4778
ERIC WILLIAMSSenior Director
[email protected]+1 786 532 2346
Copyright @ Jones Lang LaSalle IP, Inc. 2020. This presentation has been prepared solely for informational purposes. The presentation is confidential and may not be reproduced. The contents of this presentation are not to be construed as legal, accounting, business or tax advice.
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