COLONIAL COURT COMMERCIAL · EXECUTIVE SUMMARY. Located in the heart of Fort Myers, Colonial Court...
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OFFERING MEMORANDUM COLONIAL COURT COMMERCIAL FORT MYERS, FL Colonial Blvd. Colonial Ct.
Transcript of COLONIAL COURT COMMERCIAL · EXECUTIVE SUMMARY. Located in the heart of Fort Myers, Colonial Court...
1www.landsolutions.netOFFERING MEMORANDUM
COLONIAL COURT COMMERCIAL
FORT MYERS, FL
Colo
nial
Blv
d.
Colonial Ct.
COLONIAL COURTCOMMERCIAL
OFFERING PROCESS
Offers should be sent via Contract or Letter of Intent to include, but not limited to, basic terms such as purchase price, earnest money deposit, feasibility period and closing period.
PLEASE DIRECT ALL OFFERS TO:Jared Fischer - [email protected]
Justin ThibautDirector of Sales
Colleen PriceExecutive Sales Administrator
Jared FischerSales Associate
Randy Thibaut, ALCOwner / CEO
3607-3629 Colonial Ct.Fort Myers, FL 33913
4 Lots Totaling 3.45± Acres
CG (Commercial General)
$1,950,000 | $12.98 PSF
Location:
Size:
Zoning:
Price:
O F F E R I N G S U M M A RY E X E C U T I V E T E A M
MARKETED AND EXCLUSIVELY LISTED BY:
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EXECUTIVE SUMMARY
Located in the heart of Fort Myers, Colonial Court Commercial offers four commercial parcels designated CG (General Commer-cial), allowing for a wide range of potential uses. The parcels vary in size with three being 0.83± acres and the northern parcel being 0.96± acres, totaling 3.45± acres. The site, less than a quarter mile east of I-75, is just off Colonial Blvd., the primary east-west corridor running through Fort Myers and connecting Cape Coral to Lehigh Acres and beyond. Accordingly, the area sees high traffic counts (89,000± per day) year-round. Directly across Colonial Blvd. is the entrance to The Forum – a massive mixed-use development – in addition to a multitude of other retail, food, and lodging options in the surrounding area. The northernmost parcel maintains visibility from Colonial Blvd.
The location’s accessibility makes the site perfect for daily commut-ers or temporary guests alike, paired with a tremendous amount of new and ongoing residential and commercial development in close proximity. The parcel at the southwest corner of the develop-ment is already approved for the construction of a sign up to 110 feet high, providing excellent visibility for I-75 traffic. Whether an owner-user, developer, or investor, these parcels offer an opportu-nity to build in a growing submarket with demonstrated increase in commercial demand, or buy and temporarily hold land while it appreciates in the center of rapidly growing Southwest Florida.
POTENTIAL USES UNDER CG ZONINGContact us for the full list of potential uses
• Residential Multi-Family • Assisted Living Facility• Day Care• Educational Facility• Medical Facility/Office• Religious Institution• Restaurant• Hotel/Inn/Bed & Breakfast (excluding extended stay)• Pet Services• Indoor Multi-Story Self Storage• Light Industrial
Colonial Blvd.
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RETAIL MAP
Eastwood Golf Course
Colo
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raffi
c Co
unt:
81,
000±
Traffic Count: 89,000±
The Forum at Fort Myers
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LEE COUNTY
123
FloridaGulf CoastUniversity
SWFL Int'l. AIRPORT
ESTERO
FORTMYERS
Gateway
BUCKINGHAM
NORTH FORT MYERS
CAPECORAL
LEHIGHACRES
San CarlosPark
ALICO RDIS
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MLK BLVD
OR
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Burnt Store Marina
BU
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Coral OaksGolf Course KISMET PKWY
LITTLETON RD
PKWY PALM BEACH
BLVD
BAYSHORE RD
River
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BONITABEACH
FORT MYERSBEACH
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FOW
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PK
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CYPRESS LAKE DANIELS PKWY
BLVD
PKWY
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CYPR
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KWY
Health Park
SUMMERLIN
CORK
BONITASPRINGS
LEE
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846BONITA RD
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THRE
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ALA
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BU
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ALT. RT 41
MCGREGOR BLV
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GLADIOLUS DR
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JOHN
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SHELL POINT BLVDST. JAMES
CITY
PERIWINKLE WAY
SANIBELISLAND
CAPTIVAISLAND
CAYOCOSTA
PINE ISLAND RDHANCOCK BRIDGE
PONDELLA RD
RD
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STRIKE LN
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BONITA BAY
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RAILROAD
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ESTERO BLVD
PINEISLAND
GASPARILLAISLAND
MATLACHA
STRING
FELLOW
RD
75
75
SITE
LOCATION MAP
SITE
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SITE VISIBILITY
Colonial Blvd.
SIGNAGE PERMISSIONS
• Tract F is approved for the construction of an electric sign up to 110 feet high
• This sign will be visible to northbound and southbound traffic on I-75 and Colonial Blvd.
• Traffic counts along I-75 are 89,000± daily, which are increasing each year
Tract F
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SITE RESTRICTIONS
Colonial Blvd.
Colonial Blvd.
Colonial Blvd.
CURRENT SITE RESTRICTIONS
• 20% of the eastern side of the property that abuts Six Mile Slough Preserve is designated preserve and cannot be developed
• Any new structures must be approved by the Design Review Committee
• Advertising signs shall be restricted to advertising only the use conducted on the lot or the products produced and sold thereon by the respective owner
• City of Fort Myers LDC allows for 70’ height limit (5 story buildings)
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AREA AMENITIES
SPORTS & RECREATIONThe Southwest Florida environment provides excellent weather for enjoying sports and recreation year-round. Golfers can enjoy the nearby Eastwood Golf Course, ranked in the Top 100 Public Golf Facilities by Golf Digest. It’s just one of many golf courses from which to choose in the Fort Myers area. Baseball fans enjoy two MLB teams during Spring Training season – The Boston Red Sox at JetBlue Park and The Minnesota Twins at CenturyLink Sports Complex (Hammond Stadium). The Fort Myers Miracle baseball team plays during the summer months and a variety of sporting events occur year round at these world-class facilities. Finally, Fort Myers’ location on the Gulf of Mexico make it an excellent place to enjoy a variety of water sports such as boating, kayaking and fishing.
ATTRACTIONS & ENTERTAINMENTSouthwest Florida’s greatest attractions and entertainment opportunities offer something for everyone at Colonial Crossings, from festival-goers and theatre lovers to families and college students. Six Mile Cypress Slough Preserve and Calusa Nature Center & Planetarium are two of the closest nature attractions. Each provide wonderful opportunities to explore the Southwest Florida environment and enjoy the beautiful weather. Sun Harvest Citrus is also a very popular outing with a Florida flare, where visitors can purchase grove-fresh oranges and orange juice. Of course, the beaches – including world renowned Sanibel and Captiva Islands and Fort Myers Beach – and other Fort Myers attractions are within a few miles of the site. Additional entertainment can be found throughout the area. From the festivals of The Fort Myers River District to world-class entertainment at Barbara B. Mann Performing Arts Hall and Germain Arena, there is an abundance of cultural and entertainment opportunities for residents to enjoy year-round.
EDUCATIONNova Southeastern University is adjacent to the property while highly respected private institution, Hodges University, is located just 1 mile away. Other higher education opportunities in Fort Myers include Florida Gulf Coast University and Florida Southwestern State College. These are easy to reach from the property, making it an excellent location for students. For families with children, the School District of Lee County provides excellent public schools with an element of choice. Residents can choose any school within their zone. This property falls within the East Zone, which provides a large selection of A and B-graded elementary, middle and high schools. There are several public schools within very close proximity to the property and the District provides busing for those who wish to attend a school outside of the immediate neighborhood. There are also several private schools for K-12 students conveniently located nearby.
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AREA AMENITIES
SHOPPING & DININGA plethora of shopping and dining attractions are situated conveniently throughout Fort Myers.
BELL TOWER SHOPS is a landmark shopping, dining and entertainment destination centrally located in Fort Myers, Florida. The open-air center offers fine retail shops including eclectic boutiques and shopping favorites Williams-Sonoma, Chico’s, White House | Black Market, Victoria’s Secret, Scout & Molly’s Boutique, and Talbots. Exceptional shopping is complemented by distinctive restaurants such as Bistro 41, Cru, DaRuMa Japanese Steak House, Grimaldi’s Pizzeria, Blue Pointe Oyster Bar & Seafood Grill, Cantina Laredo, Mimi’s Café, T.G.I. Friday’s and Society. A community partner and pet-friendly destination, Bell Tower Shops hosts special events throughout the year, including concerts, fundraisers, art fairs and more.
GULF COAST TOWN CENTER is a sophisticated contemporary shopping experience with more than 100 stores and restaurants and over a million square feet of business space. The mall hosts special events
throughout the year. Bass Pro Shops, Costco, Regal Cinemas, Super Target, and Best Buy anchor this center.
THE FORUM is a 458,000± square foot retail property and presents numerous shopping and dining opportunities to Fort Myers residents. Retail stores include Staples, The Home Depot, Bed Bath & Beyond, and Petco. Dining options include Buffalo Wild Wings, Five Guys Burgers and Fries, McAlister’s Deli, and Starbucks.
COCONUT POINT is a picturesque outdoor mall featuring over 140 stores including Dillard’s, Target, Apple Store, Michael Kors, and Barnes & Noble – all surrounding several acres of lakes with a boardwalk. Experience a wide range of dining options, from the elegant Ruth’s Chris Steakhouse and South Fork Grille, to family favorites Ted’s Montana Grill, Rodizio Grill, Bokamper’s Sports Bar and Grill or California Pizza Kitchen. Additionally, the 16 screen Hollywood Theaters is within walking distance of many of the restaurants in this complex.
LOCATION HIGHLIGHTS• 1± mile from US 75
• 1± mile from Publix Shopping Center
• 5± miles from US 41
• 8± miles from Bell Tower Shops
• 10± miles from Gulf Coast Town Center
• 10± miles from Southwest Florida International Airport
• 16± miles from Coconut Point Mall
• 18± miles from Sanibel, Captiva, and Fort Myers Beaches
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GRAPHIC PROFILE - 5 MINUTE DRIVE TIMEGraphic Profile3613 Colonial Ct Prepared by Land Solutions3613 Colonial Ct, Fort Myers, Florida, 33913 Latitude: 26.61141Drive Time: 5 minute radius Longitude: -81.79913
2017 Population by Race2017 Population by Race
1,600
1,400
1,200
1,000
800
600
400
200
0White Black Am.Ind. Asn/Pac Other Two+
75.2%
10.3%0.1%
8.1%2.7% 3.7%
<55-1920-2425-3435-4445-5455-6465+
2017 Population by Age2017 Population by Age
6.4%
14.9%8.5%
27.6%
17.9% 11.0%
8.3%
5.4%
2017 Percent Hispanic Origin: 18.1%
HouseholdsHouseholds
1,200
1,000
800
600
400
200
0Census 2010 2017 2022
714
9201,074
<$100K$100-199K$200-299K$300-399K$400-499K$500K+
2017 Home Value2017 Home Value
5.8%
45.3%
30.1% 4.3%2.5%
12.0%
2017-2022 Annual Growth Rate2017-2022 Annual Growth Rate
Perc
ent
5
4
3
2
1
0Population Households Median Household Income Owner Occupied Housing Units
3.32 3.14
2.27
4.68
20172022
Household IncomeHousehold Income
Perc
ent
25
20
15
10
5
0<$15K $15K-$25K $25K-$35K $35K-$50K $50K-$75K $75K-$100K $100K-$150K $150K-$200K $200K+
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
May 16, 2018
©2018 Esri Page 1 of 3
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RETAIL MARKETPLACE PROFILE - 5 MINUTE DRIVE TIME
Retail MarketPlace Profile3613 Colonial Ct Prepared by Land Solutions3613 Colonial Ct, Fort Myers, Florida, 33913 Latitude: 26.61141Drive Time: 5 minute radius Longitude: -81.79913
Leakage/Surplus Factor by Industry SubsectorLeakage/Surplus Factor by Industry Subsector
Food Services & Drinking Places Nonstore Retailers
Miscellaneous Store Retailers General Merchandise Stores
Sporting Goods, Hobby, Book, and Music Stores Clothing and Clothing Accessories Stores
Gasoline Stations Health & Personal Care Stores
Food & Beverage Stores Bldg Materials, Garden Equip. & Supply Stores
Electronics & Appliance Stores Furniture & Home Furnishings Stores
Motor Vehicle & Parts Dealers
Leakage/Surplus Factor100806040200-20-40-60-80
Leakage/Surplus Factor by Industry GroupLeakage/Surplus Factor by Industry Group
Restaurants/Other Eating Places
Drinking Places (Alcoholic Beverages)
Special Food Services
Direct Selling Establishments
Vending Machine Operators
Electronic Shopping and Mail-Order Houses
Other Miscellaneous Store Retailers Used Merchandise Stores
Office Supplies, Stationery, and Gift Stores
Florists
Other General Merchandise Stores
Department Stores (Excluding Leased Depts.)
Book, Periodical, and Music Stores
Jewelry, Luggage, and Leather Goods Stores
Shoe Stores
Clothing Stores
Gasoline Stations
Health & Personal Care Stores
Beer, Wine, and Liquor Stores
Specialty Food Stores
Grocery Stores
Lawn and Garden Equipment and Supplies Stores Building Material and Supplies Dealers
Electronics & Appliance Stores
Home Furnishings Stores
Furniture Stores
Auto Parts, Accessories, and Tire Stores
Other Motor Vehicle Dealers
Automobile Dealers
Leakage/Surplus Factor806040200-20-40-60-80
Source: Esri and Infogroup. Retail MarketPlace 2017. Copyright 2017 Infogroup, Inc. All rights reserved.
May 16, 2018
©2018 Esri Page 2 of 6
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DRIVE TIME MAPDrive Time MapColonial Court
Source: ©2017 Esri.
May 16, 2018
Page 1 of 1
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SCHOOL ZONE MAP
Free school bus transportation is provided for students who live beyond two miles from their assigned school. Students residing in barrier island boundary areas of Fort Myers Beach, and Pine Island will attend their barrier island elementary school. Students residing in barrier island boundary area of Sanibel Island will attend their barrier island elementary and middle school.
WEST ZONEStudent Assignment Office
Cape Coral .................................................1Elementary Schools
Caloosa (U) ................................................5Cape ..........................................................6Diplomat (U) ..............................................8Gulf .........................................................16Hancock Creek ........................................17Hector A. Cafferata, Jr. (U) ........................40J. Colin English (U) (IB).............................19Littleton (U) ................................................9NFM Academy for the Arts (K-8) (A) (U) .....23Patriot ......................................................44Pelican .....................................................26Skyline ....................................................30Trafalgar (U) .............................................34Tropic Isles ..............................................38
Middle SchoolsCaloosa ......................................................3Challenger ................................................17Diplomat.....................................................5Gulf ...........................................................8Mariner (IB) ..............................................10NFM Academy for the Arts (K-8) (A) (U) ....23Trafalgar ..................................................13
High SchoolsCape Coral (IB) ..........................................1 Ida S. Baker (C) ........................................10Island Coast .............................................13Mariner .....................................................7North Fort Myers (A) (CA) ...........................8
SOUTH ZONEStudent Assignment Office
Fort Myers .................................................2Elementary Schools
Allen Park ..............................................1Bonita Springs (U) (A) ............................4Colonial (U) ............................................7Edison Park (A) ................................... 11Franklin Park (U) ................................. 13Heights (IB) .......................................... 18Orangewood ......................................... 25Pinewoods ........................................... 28Ray V. Pottorf ...................................... 41Rayma C. Page (U) ............................... 42San Carlos Park (U) (A) ........................ 29Spring Creek (U) .................................. 31Tanglewood .......................................... 33Three Oaks .......................................... 36Villas ................................................... 39
Middle SchoolsBonita Springs (A) ..................................2Cypress Lake (A) ....................................4Fort Myers Middle Academy (U) (T) ....... 16Lexington (IB) ...................................... 15Paul Laurence Dunbar ......................... 11Three Oaks (U) ..................................... 12
High SchoolsBonita Springs (9th grade only) ............ 14Cypress Lake (A) ....................................2Dunbar Zone Magnet (IB STEM) ............... 3Estero (CA) ............................................4Fort Myers (IB) .......................................5South Fort Myers (C) ............................ 11
EAST ZONEStudent Assignment Office
Lehigh Acres .............................................3Elementary Schools
Alva (K-8) .................................................2Bayshore (U) ............................................3Edgewood Academy (A) (U) ................... 10G. Weaver Hipps ...................................... 45Gateway ................................................15Harns Marsh .........................................43James Stephens Academy (U) ..................6Lehigh ...................................................20Manatee (U) ...........................................14Mirror Lakes (U) .....................................22Orange River (U) ....................................24River Hall (U) .........................................12Sunshine ...............................................32Tice (FL) .................................................37Tortuga Preserve (U)...............................46Treeline (U) ............................................35Veterans Park (K-8) (A) (U) .....................27
Middle SchoolsAlva (K-8) .................................................2Harns Marsh (STEM) (U) ........................28Lehigh Acres (U) .....................................14Oak Hammock (A) (U) ............................18Varsity Lakes (U)......................................7Veterans Park (K-8) (A) (U) .....................27
High SchoolsDunbar (IB STEM)......................................3East Lee County (C) (CA) ........................12Lehigh Senior (A) (CA) ..............................6Riverdale (IB) ...........................................9
(A) Arts Program; (C) Comprehensive Program; (IB) International Baccalaureate; (CA) Cambridge Program; (T) Technology Program;(STEM) Science, Technology, Engineering, Math; (FL) Foreign Language; (U) this school has a uniform clothing policy
THE ScHOOl DiSTricT Of lEE cOUNTy
STUDENTASSIGNMENT
ZoNES2017-2018
Elementary
Middle
Multi-LevelHigh
Multi-ZoneStudentAssignment Office
W-3
W-2
W-1
S-1
S-2
S-3
E-1
E-2E-3
COLONIAL COURTCOMMERCIAL
L I M I TAT I O N S A N D D I S C L A I M E R S
The content and condition of the property provided herein is to the best knowledge of the Seller. This disclosure is not a warranty of any kind; any information contained within this proposal is limited to information to which the Seller has knowledge.
Information in this presentation is gathered from reliable sources, and is deemed accurate, however any information, drawings, photos, site plans, maps or other exhibits where they are in conflict or confusion with the exhibits attached to an forthcoming purchase and sale agreement, that agreement shall prevail.
It is not intended to be a substitute for any inspections or professional advice the Buyer may wish to obtain. An independent, professional inspection is encouraged and may be helpful to verify the condition of the property.
The Seller and Land Solutions, Inc. disclaim any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information. Buyer to hold any and all person’s involved in the proposal of the property to be held harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed.
Potential Buyer acknowledges that all property information, terms and conditions of this proposal are to be kept confidential, and concur that either the Potential Buyers, nor their agents, affiliates or attorneys will reveal this information to, or discuss with, any third parties.
Buyer will be a qualified Buyer with significant experience in entitlement and development process in Lee County with finesse and wherewithal and be willing to be interviewed by the Land Solutions team.
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COLONIAL COURT COMMERCIALFORT MYERS, FL
Land Solutions Inc. was founded in 2000 by Randy Thibaut to serve land owners, developers and home builders in acquiring land suitable for the development of residential and commercial properties. Today, Land Solutions is a recognized leader in Southwest Florida real estate brokerage, offering full land services, market research, asset management, and residential/commercial land marketing specialties. The Land Solutions team consists of highly skilled professionals with expertise in every aspect of the development process. The team specializes in current market and valuation issues, acquisition and disposition services, due diligence evaluation, permitting status and compliance, work-out projects, asset management, and land zoning and planning.
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