subway plaza naples fl - loopnet · 2019-02-25 · property summary location 10565 tamiami trail n,...
TRANSCRIPT
Offering Memorandum
Retail/Office Center
10565 Tamiami Trail North, Naples FL 34108
Bruce S. Preble, CCIM
239-537-5299
Commercial Realty Specialists LLC 1216 SW 4th St. Suite 3, Cape Coral FL 33991
This information has been secured from sources deemed to be reliable. We make no representations or warranties, ex-pressed or implied, as to the accuracy of the information. References to square footage and age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Subway Plaza
Naples FL
Table of Contents
1. Property Summary
2. Property Description
Property Photos
Aerial Views of the Subway Plaza
3. Location Overview and Detailed Demographics
Map of Drive time Areas
Demographics Summary by Drive time Area
Property Highlights
Prime Retail and Office Space 7,350 Square Feet
Excellent Exposure: US 41 (Tamiami Trail) Frontage with Indirect Access
Building Signage, Attractively Landscaped
Ample Parking—30 parking spaces, City Water and Sewer
64,400 population within 10 minutes; $107,500 average household income
Located near by Trader Joe's, Visionworks, Office Depot, Randy's Fish Market Restaurant, Red Robin Gourmet Burgers, and PF Chang's China Bistro
Close to the Granada Shops, The Mercato, Gateway Shoppes & Marketplace Commons, The Shoppes at Vanderbilt, Waterside Shops, and Tarpon Bay Plaza
Property Summary
Location 10565 Tamiami Trail N, Naples FL 34108
General Description Retail/office center
Real Estate—Building 7,350 sf most recent renovations in 2017
Real Estate—Lot Size 0.62 acres (27,062sf)
Existing Tenants Subway Sandwich ShopDay Spa
Pedego Dealership
Est. Gross Annual Income 2019 $162,517
Real Estate Tax 2018 $11,758
Estimated Operating Expenses $18,435 (excluding real estate taxes)
Estimate NOI 2019 $132,324
Offer Price $1,890,350
Parcel Number 62412280003
Population 69,640 (10-15 minute drive time)
Median Household Income $76,560 (10-15 minute drive time)
Employees 51,565 (10-15 minute drive time)
Average Daily Traffic Counts 56,000 Tamiami Trail (US41)31,000 Immokalee Rd—Closest Intersection
View from US 41
View from 106 St North
PROPERTY DESCRIPTIONView from Tamiami Trail (US 41)
PROPERTY DESCRIPTION
Aerial Close Up
Aerial Views Of Site
PROPERTY LOCATION
Executive Summary10565 Tamiami Trl N, Naples, Florida, 34108 Prepared by EsriDrive Time: 5, 10, 15 minute radii Latitude: 26.26760
Longitude: -81.80162
5 minutes 10 minutes 15 minutesPopulation
2000 Population 11,982 53,265 102,2622010 Population 11,513 59,068 126,5052018 Population 12,150 64,402 141,3092023 Population 12,781 69,289 154,3402000-2010 Annual Rate -0.40% 1.04% 2.15%2010-2018 Annual Rate 0.65% 1.05% 1.35%2018-2023 Annual Rate 1.02% 1.47% 1.78%2018 Male Population 48.2% 47.0% 48.0%2018 Female Population 51.8% 53.0% 52.0%2018 Median Age 56.1 59.3 56.6
In the identified area, the current year population is 141,309. In 2010, the Census count in the area was 126,505. The rate of change since 2010 was 1.35% annually. The five-year projection for the population in the area is 154,340 representing a change of 1.78% annually from 2018 to 2023. Currently, the population is 48.0% male and 52.0% female.
Median Age
The median age in this area is 56.1, compared to U.S. median age of 38.3.Race and Ethnicity
2018 White Alone 91.3% 92.5% 90.1%2018 Black Alone 1.6% 1.6% 2.0%2018 American Indian/Alaska Native Alone 0.2% 0.2% 0.3%2018 Asian Alone 1.4% 1.5% 1.6%2018 Pacific Islander Alone 0.1% 0.0% 0.1%2018 Other Race 3.5% 2.8% 4.4%2018 Two or More Races 2.0% 1.4% 1.6%2018 Hispanic Origin (Any Race) 15.4% 13.1% 18.2%
Persons of Hispanic origin represent 18.2% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 43.0 in the identified area, compared to 64.3 for the U.S. as a whole.
Households2000 Households 5,280 24,181 46,3412010 Households 5,498 28,697 59,4172018 Total Households 5,886 31,578 66,7502023 Total Households 6,219 34,057 72,9762000-2010 Annual Rate 0.41% 1.73% 2.52%2010-2018 Annual Rate 0.83% 1.17% 1.42%2018-2023 Annual Rate 1.11% 1.52% 1.80%2018 Average Household Size 2.06 2.03 2.10
The household count in this area has changed from 59,417 in 2010 to 66,750 in the current year, a change of 1.42% annually. The five-year projection of households is 72,976, a change of 1.80% annually from the current year total. Average household size is currently 2.10, compared to 2.11 in the year 2010. The number of families in the current year is 40,850 in the specified area.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.
November 05, 2018
©2018 Esri Page 1 of 2
Executive Summary10565 Tamiami Trl N, Naples, Florida, 34108 Prepared by EsriDrive Time: 5, 10, 15 minute radii Latitude: 26.26760
Longitude: -81.80162
5 minutes 10 minutes 15 minutesMedian Household Income
2018 Median Household Income $58,658 $67,343 $66,5522023 Median Household Income $70,562 $79,777 $79,3522018-2023 Annual Rate 3.76% 3.45% 3.58%
Average Household Income
2018 Average Household Income $99,499 $107,518 $106,8102023 Average Household Income $119,462 $127,912 $128,1122018-2023 Annual Rate 3.72% 3.53% 3.70%
Per Capita Income2018 Per Capita Income $47,223 $52,754 $50,3862023 Per Capita Income $56,907 $62,834 $60,3872018-2023 Annual Rate 3.80% 3.56% 3.69%
Households by IncomeCurrent median household income is $66,552 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $79,352 in five years, compared to $65,727 for all U.S. households
Current average household income is $106,810 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $128,112 in five years, compared to $96,109 for all U.S. households
Current per capita income is $50,386 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $60,387 in five years, compared to $36,530 for all U.S. households Housing
2000 Total Housing Units 7,239 34,192 65,5662000 Owner Occupied Housing Units 3,998 18,608 36,2982000 Renter Occupied Housing Units 1,282 5,573 10,0432000 Vacant Housing Units 1,959 10,011 19,225
2010 Total Housing Units 7,867 42,536 87,8602010 Owner Occupied Housing Units 3,859 21,163 42,9972010 Renter Occupied Housing Units 1,639 7,534 16,4202010 Vacant Housing Units 2,369 13,839 28,443
2018 Total Housing Units 8,542 47,230 99,1582018 Owner Occupied Housing Units 3,955 22,558 47,3542018 Renter Occupied Housing Units 1,930 9,020 19,3962018 Vacant Housing Units 2,656 15,652 32,408
2023 Total Housing Units 9,036 50,927 107,9242023 Owner Occupied Housing Units 4,339 25,063 53,4042023 Renter Occupied Housing Units 1,880 8,993 19,5722023 Vacant Housing Units 2,817 16,870 34,948
Currently, 47.8% of the 99,158 housing units in the area are owner occupied; 19.6%, renter occupied; and 32.7% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 87,860 housing units in the area - 48.9% owner occupied, 18.7% renter occupied, and 32.4% vacant. The annual rate of change in housing units since 2010 is 5.52%. Median home value in the area is $388,612, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 1.86% annually to $426,040.
Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.
November 05, 2018
©2018 Esri Page 2 of 2