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THE FORUM AT FORT MYERS CHAMPION RING RD, FORT MYERS, FL 33905 RETAIL/ENTERTAINMENT DESTINATION
THE FORUM AT FORT MYERS
CHAMPION RING RD, FORT MYERS, FL 33905RETAIL/ENTERTAINMENT DESTINATION
TABLE OF CONTENTS
03OVERVIEW
05SUBJECT LOCATION
AERIAL VIEW
REGIONAL MAP
AERIAL MAP
SITE PLAN
RENDERINGS
12MARKET OVERVIEW
SOUTHWEST FL OVERVIEW
FT. MYERS OVERVIEW
DEMOGRAPHICS
9250 Corkscrew Rd | Suite 13 | Estero, FL 33928 | www.trinitycre.com© 2015 Trinity Commercial Group, Inc.
This information is considered accurate, but not guaranteed.
DAN O’BERSKIManaging Director+1 239 334 [email protected]
TIM SCHNEIDERSenior Associate+1 239 334 [email protected]
TONY MANGIONEPrincipal+1 239 334 [email protected]
ERIK WESTEDTVice President+1 213 545 [email protected]
SCOTT KAPLANSenior Vice President+1 909 618 [email protected]
CONTACT INFORMATION
OVERVIEW
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 4
OVERVIEWPROPERTYTrinity Commercial Group, Inc. is pleased to present The Forum, a 706 acre master planned, mixed use development exhibiting dense retail, residential, and office sites. The Forum is adjacent to I-75 spanning two exits, Colonial Blvd (136) & SR 82 (138)
HIGHLIGHTSLOCATION: Lee County is home to Hertz Global Headquarters, Chico’s Corporate Headquarters, Boston Redsox & Minnesota Twins Spring Training, and Florida Gulf Coast University. Colonial Blvd is a major commuter route connecting area’s largest City, Cape Coral, (population 175,000+) with the areas fastest growing workforce community, Lehigh Acres, (86,000+ population). The subject site is strategically located on the NEQ of Colonial Boulevard and I-75 The Forum at Fort Myers has two access points to I-75: State Road 82 to the north, and Colonial Blvd to the south.
REGIONALLY WELL POSITIONED: The Forum, because of its location, connectivity, interstate visibility, and master planned sites, is the only site within a 30 mile radius that can truly be considered a competitive regional destination center with ready-to-build site inventory in place.
TRAFFIC: Counts on I-75 at Colonial Blvd exceed 90,000 daily. SR 82 is the primary commuter route between Lehigh Acres and the City of Fort Myers. Daily counts on Colonial Blvd are 76,000 daily and SR 82 total 28,000.
ADDRESS Champion Ring Rd, Fort Myers, FL 33905
KEY TENANTS Target, Home Depot, Hyatt Place Hotel, Holiday Inn
Express, Ross, Petco, Staples, Bed Bath & Beyond,
Starbucks, Five Guys Burgers & Fries, Mattress Firm, Moe’s,
Buffalo Wild Wings and many bank branches.
AVAILABLE Anchor, co-anchor & restaurant space
HOUSEHOLDS 153,400± homes (within 10± mile radius)
AVG INCOME $58,382 (within 10± mile radius)
FRONTAGE2,600’± on I-75 ,2,500’± on Colonial Blvd 1,936’± on SR 82
SUBJECTLOCATION
75
RETAIL DEVELOPMENT
75
RETAIL / ENTERTAINMENT DEVELOPMENT
Proposed OfficeDevelopment
Proposed Retail/Entertainment Development
Proposed Development
75
75
RETAIL DEVELOPMENT
OFFICE DEVELOPMENT
RETAIL / ENTERTAINMENT DEVELOPMENT
MULTI FAMILY DEVELOPMENT
500± UNITS
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 8
SUBJECT LOCATIONREGIONAL MAP
Traffic CountsI-75: 90,000± Colonial Blvd: 76,000± SR 82: 28,000±
Est. Home Value: $157,800
Population: 342,707
Projected HHs: 153,433± (within 10± miles)
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 9
SUBJECT LOCATION
AERIAL MAP
RETAIL / ENTERTAINMENT DEVELOPMENT
Colonial Blvd
SR 8229,225± AADT
76,000± AADT
68,500± AA
DT
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 10
SUBJECT LOCATION
AERIAL MAP
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 11
PARCEL PLANS17 A & B
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 12
PARCEL PLANS17 A & B
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 13
PARCEL PLANS18
MARKETOVERVIEW
MARKET OVERVIEW
RESIDENTIAL STUDIES
20,000± UNITS ARE UNDER CONSTRUCTION
GREEN INDICATES A COMMUNITY THAT JUST COMPLETED BUILD OUT AND IS FULLY SOLD, RED INDICATES SITES THAT
ARE WORKING ON ENTITLEMENTS, AND YELLOW HIGHLIGHTS NEIGHBORHOODS CURRENTLY BEING BUILT OUT.
COLONIAL COUNTRY
CLUB
1,849± UNITS
BOTANICA LAKES
695± UNITS
LEHIGH ACRES
98 K ± POP
KEYSTONE CREEK
6,426± UNITS
PELICAN PRESERVE
2,500± UNITS
GATEWAY
15,000± POP
PLANTATION
1,100± UNITS
MARINA BAY
806± UNITS
DANIELS PLACE
85± UNITS
CAMDEN SQUARE
96± UNITS
CYPRESS WALK
114± UNITS
REFLECTION ISLES
553± UNITS
PASEO
1,332± UNITS
COLONIAL 70
421± UNITS
WATERMARK
219± UNITS
COLONIAL COMMONS
96± UNITS
WATERFORD LANDING
1,012± UNITS
EASTWOOD VILLAGE
2,600± UNITS
MARKET OVERVIEW
LEE & COLLIER COUNTY MAJOR EMPLOYERS
THE FORUM | Champion Ring Road, Fort Myers, Florida 33905 | 17
Definitions of Southwest Florida vary, though its boundaries are generally considered to put it south of the Tampa Bay area, west of Lake Okeechobee, and mostly north of the Everglades and to include Manatee, Sarasota, Charlotte, Lee, and Collier counties. For some purposes, the inland counties of DeSoto, Glades, and Hendry, and the thinly populated mainland section Monroe County, south of Collier, are also included. The region includes four metropolitan ar-eas: the North Port-Bradenton-Sarasota MSA (sometimes alternately considered a part of the Tampa Bay Area to the north), the Cape Coral-Fort Myers MSA, the Naples-Marco Island MSA, and the Punta Gorda MSA. Southwest Florida is one of the fastest-growing areas in the nation, according to the U.S. Census Bureau’s most recent population estimates.
Lee and Collier counties ranked in the top 10 of the nation’s fastest-growing metro areas based on population increases from July 2013 to July 2014. Census figures released today show Lee County added 18,177 people during that span, an increase of 2.7 percent, the sixth-largest increase in the country. Collier ranked No. 10 with an increase of 2.5 percent, adding an es-timated 8,671 residents. The Census Bureau estimated Lee’s population at 679,513 as of last July and 348,777 for Collier. If both counties grow at their same rates through July 2015 that would put Lee’s population at an estimated 697,860 and Collier’s at 357,496.
Southwest Florida was largely ignored by commercial de-velopers until the late 1800s, and as such, lacks much of the heavier development present in other parts of Florida, such as that found in the central or southern regions of the state. In recent years however, there has been a major real estate boom focusing on downtown Fort Myers (high-rise residen-tial condominiums); southern Lee County (commercial de-velopment and high-technology); eastern Collier County (residential development); and eastern parts of Bradenton.
Southwest Florida International Airport, located in South Fort Myers, served over 7.9 million passengers in 2014 and offers non-stop flights to 3 cities in Europe and 2 in Canada, in addi-tion to 36 domestic airports. The area’s secondary airport, Sarasota-Bradenton International Airport, served 2.9 million passengers in 2014. Southwest Florida is served by several major highways, including the Tamiami Trail (U.S. 41) and the Interstate 75 freeway, both of which connect the area to Tampa to the north, and Greater Miami–Ft. Lauderdale to the east. Tour-ism is a major economic driver in the area. In addition, many seasonal residents live in the area during the winter months, as temperatures in south Florida stay very moderate during that time of year.
SOUTHWEST FLORIDA
Located on the south bank of the Caloosahatchee River, Fort Myers has been home to sol-diers, ranchers, cowboys, snowbirds and inventors. Named after Col. Abraham Myers, Fort Myers was founded in 1850 as a military outpost during the Seminole Wars. The Fort saw service again as a Union outpost during the Civil War and was officially retired from military service in 1865. Almost immediately the abandoned Fort Myers became home to settler families, land speculators and Florida Crackers (our cowboys and cowgirls).
By 1885, the town of Fort Myers was established, the Fort Myers Press was printing and world famous inventor Thomas Alva Edison called Fort Myers his winter home. During this period Fort Myers became the county seat of the newly formed Lee County and tourism boomed as offshore tarpon fishing enticed sport fishermen and adventurers from around the world.
Fort Myers saw amazing growth through the 1920s until the combination of a failing real estate market and crashing stock market sent Fort Myers into depression. The new Federal Post Office building, the Edison Bridge and the Yacht Basin all made significant improve-ments to the struggling downtown.
It was a return to Fort Myers’ military heritage that would bring all of Southwest Florida out of depression and into prosperity. The establishment of Buckingham Field and Page Field during World War II brought thousands of service men and women to Lee County and gave local business a much need boost with government contracts and services for the two bases. Since the 1950’s Southwest Florida and Fort Myers have seen amazing growth and prosperity and have become premiere destinations for sun-seekers, investors and retirees.
CITY OF FORT MYERS
THE FORUM AT FORT MYERSDEMOGRAPHICS
1 Mile 3 Miles 5 Miles 10 Miles2015 Population 2,963 27,438 100,779 348,868
2020 Population 3,178 30,262 109,463 374,051
2010 Population 2,722 24,215 91,225 322,481
2000 Population 1,861 16,758 65,292 249,188
Percent Pop Change: 2010 to 2015 8.86% 13.31% 10.47% 8.18%
Percent Pop Change: 2015 to 2020 7.24% 10.29% 8.62% 7.22%
2015 Median Age 33.69 35.99 37.38 43.54
2015 Households 692 11,033 38,440 144,215
2020 Households 773 12,272 42,021 154,659
2010 Households 598 9,588 34,526 133,406
2000 Households 275 6,173 24,724 104,451
Percent HH Change: 2010 to 2015 15.67% 15.08% 11.34% 8.10%
Percent HH Change: 2015 to 2020 11.66% 11.23% 9.32% 7.24%
White 73.03% 54.83% 58.47% 75.56%
African American 17.52% 31.03% 25.25% 13.00%
Asian 5.13% 2.97% 2.24% 1.83%
Native Hawaiian/Pacific Islander 0.07% 0.08% 0.09% 0.07%
American Indian/Alaska Native 0.07% 0.47% 0.63% 0.43%
Some Other Race 1.86% 7.53% 10.38% 6.46%
2015 Hispanic Population 15.05% 21.51% 25.26% 21.11%
2015 Average Household Income $71,219 $66,167 $59,607 $58,382
2015 Median Household Income $54,409 $44,108 $40,678 $42,480
2015 Per Capita Income $16,629 $26,607 $22,736 $24,134
Less than 9th Grade 6.70% 8.72% 9.63% 6.08%
Some High School, No Diploma 10.40% 9.97% 9.59% 9.00%
High School Graduate 26.65% 28.92% 30.31% 33.38%
Some College, No Degree 21.38% 21.25% 20.93% 21.94%
Associate's Degree 9.20% 9.16% 8.33% 8.08%
Bachelor's Degree 17.14% 14.55% 13.91% 13.98%
Master's Degree 5.49% 4.96% 4.81% 5.02%
Total Businesses 231 1,526 8,043 24,334
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THE FORUM AT FORT MYERSDEMOGRAPHICS
25 Miles 50 Miles 75 Miles 100 Miles2015 Population 777,724 1,411,240 2,070,459 4,410,234
2020 Population 846,620 1,540,802 2,252,173 4,780,759
2010 Population 702,359 1,290,784 1,916,198 4,103,894
2000 Population 505,088 976,031 1,530,339 3,324,020
Historical Annual Growth: 2000 to 2015 3.6% 3.0% 2.4% 2.2%
Projected Annual Growth: 2015 to 2020 1.8% 1.8% 1.8% 1.7%
2015 Median Age 46.1 47.6 47.5 43.6
2015 Households 333,813 609,068 893,588 1,797,374
2020 Households 350,717 641,997 939,916 1,889,841
2010 Households 294,258 542,904 807,243 1,641,248
2000 Households 213,983 411,984 644,733 1,343,000
Percent HH Change: 2015 to 2020 1.0% 1.1% 1.0% 1.0%
Percent HH Change: 2000 to 2015 3.7% 3.2% 2.6% 2.3%
White 81.8% 82.9% 81.9% 77.4%
African American 8.6% 8.0% 8.8% 12.4%
Asian 1.8% 1.6% 1.7% 2.7%
Native Hawaiian/Pacific Islander 0.3% 0.3% 0.3% 0.3%
Some Other Race 7.5% 7.3% 7.3% 7.2%
2015 Hispanic Population 20.1% 19.6% 18.6% 20.0%
2015 Average Household Income $72,329 $72,778 $71,392 $73,869
2015 Median Household Income $53,740 $53,783 $53,115 $56,842
2015 Per Capita Income $31,157 $31,552 $30,980 $30,261
Less than 9th Grade 5.3% 5.5% 5.6% 5.0%
Some High School, No Diploma 7.4% 7.3% 7.3% 7.1%
High School Graduate 31.2% 31.0% 30.7% 29.4%
Some College, No Degree 21.1% 20.9% 20.7% 20.7%
Associate's Degree 8.5% 8.5% 8.4% 9.1%
Bachelor's Degree 16.5% 16.6% 16.7% 17.9%
Master's Degree 10.1% 10.2% 10.6% 10.7%
Total Businesses 35,704 64,133 97,587 182,572
Daytime Employment (Total Employees) 301,002 567,967 873,051 1,718,035
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© 2016 Trintiy Commercial Group, Inc. The information contained in this document has been obtained from sources believed reliable. While Trintiy Commercial Group, Inc. does not doubt its accuracy, Trinity Commercial Group, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
DAN O’BERSKIManaging Director+1 239 334 [email protected]
TIM SCHNEIDERSenior Associate+1 239 334 [email protected]
TONY MANGIONEPrincipal+1 239 334 [email protected]
ERIK WESTEDTVice President+1 213 545 [email protected]
SCOTT KAPLANSenior Vice President+1 909 618 [email protected]
CONTACT INFORMATION
