LEGOLAND Corridor. Starbucks and Retail Opportunity
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1 LEGOLAND Corridor. Starbucks and Retail Opportunity For Lease Royal Crescent Condominiums 26,500 cars/day Gary Ralston, CCIM, SIOR, CPM, CRE, CLS, CDP, CRX, FRICS David Hungerford
2 High Profile LEGOLAND Retail/Commercial Next door to new freestanding Starbucks in front of LEGOLAND Florida Strategically located in LEGOLAND corridor Literally in front of LEGOLAND and 1,200 FT from main entrance LEGOLAND Florida theme park Over 2 million annual visitors 318 rooms / villas Over 2,000 employees Income is over 25% higher than Polk County Almost 30,000 cars/day Cypress Gardens Blvd (SR 540) 1,400 SF to 2,800 SF available $25/SF net lease $4.50/SF CAM (estimate) 66 parking spaces 33 parking spaces for Starbucks 33 for retail shops / 5.25 per 1,000 SF 114 N. Tennessee Ave., 3rd Floor Lakeland, FL SRDcommercial.com
3 Regional Location Map Orlando Tampa Lakeland Winter Haven Subject The Starbucks/Retail LEGOLAND Florida is located in Winter Haven [Polk County] the center of Florida
4 Location Map Lakeland Winter Haven Subject The Starbucks/Retail LEGOLAND is strategically located on Cypress Gardens Blvd/SR 540 the east west connecter between US Hwy 17 and US Hwy 27
5 1, 2, 3 mile radius 5 & 10 minute drive
6 Benchmark Demographics 1 mile 2 miles 3 miles 5 minutes 10 minutes Polk FL US Population 4,584 19,002 38,974 13,087 46, ,431 20,619, ,514,334 20,000 people within 2 miles & Households 1,912 7,719 15,289 5,257 18, ,585 8,064, ,158,887 nearly 50,000 within 10 minutes Families 1,287 5,279 10,492 3,631 12, ,355 5,223,357 81,106,685 Average Household Size Owner Occupied Housing Units 1,520 5,648 10,552 3,777 12, ,764 5,071,790 77,207,043 Renter Occupied Housing Units 392 2,072 4,738 1,479 6,054 83,821 2,992,867 45,951,844 Median Age Trends: Annual Rate Population 0.77% 0.87% 1.14% 0.87% 1.23% 1.28% 1.36% 0.83% Households 0.69% 0.84% 1.07% 0.84% 1.15% 1.19% 1.30% 0.79% Families 0.63% 0.78% 1.02% 0.79% 1.10% 1.13% 1.25% 0.71% Owner HHs 0.56% 0.73% 1.02% 0.76% 1.16% 1.09% 1.19% 0.72% Median Household Income 1.90% 2.52% 2.25% 2.34% 2.16% 2.46% 2.13% 2.12% Households by Income <$15, % 9.00% 11.20% 10.00% 11.50% 12.30% 12.00% 11.50% Income is 25% higher than Polk County $15,000 - $24, % 11.40% 12.10% 11.10% 12.40% 12.90% 11.70% 10.00% $25,000 - $34, % 8.10% 9.90% 8.00% 10.20% 12.20% 11.10% 9.70% $35,000 - $49, % 13.70% 14.00% 14.30% 14.30% 16.20% 14.60% 13.10% $50,000 - $74, % 21.00% 20.40% 21.40% 20.20% 19.80% 18.70% 17.80% $75,000 - $99, % 15.60% 14.70% 14.60% 14.40% 12.10% 11.70% 12.40% $100,000 - $149, % 13.10% 11.50% 13.00% 10.80% 9.20% 11.50% 13.90% $150,000 - $199, % 3.50% 2.80% 3.40% 2.70% 2.70% 4.30% 5.70% $200, % 4.60% 3.60% 4.30% 3.40% 2.50% 4.60% 6.10% Median Household Income $55,591 $56,934 $52,411 $55,587 $51,219 $45,704 $50,606 $56,124 Average Household Income $74,805 $76,345 $69,249 $74,464 $67,824 $61,763 $72,632 $80,675 Per Capita Income $30,911 $31,474 $27,901 $30,582 $27,364 $23,623 $28,921 $30,820 Population by Age % 4.40% 5.20% 4.60% 5.30% 6.00% 5.30% 6.10% % 4.90% 5.50% 5.10% 5.50% 6.10% 5.50% 6.30% % 5.90% 6.00% 6.00% 5.90% 6.10% 5.60% 6.30% % 5.70% 5.80% 5.70% 5.70% 5.90% 5.70% 6.40% % 4.80% 5.20% 4.70% 5.30% 6.00% 6.40% 7.00% % 11.00% 11.90% 11.30% 12.00% 12.60% 13.10% 13.80% % 11.10% 11.30% 11.10% 11.10% 11.40% 11.80% 12.50% % 13.10% 12.20% 13.00% 11.90% 12.00% 13.00% 13.00% % 14.60% 13.90% 14.40% 13.70% 13.10% 13.50% 12.90% % 12.60% 12.40% 12.70% 13.10% 12.00% 11.30% 9.20% % 8.00% 7.40% 7.80% 7.40% 6.40% 6.20% 4.40% % 3.90% 3.20% 3.70% 3.10% 2.40% 2.70% 2.00% Race and Ethnicity White Alone 85.50% 83.70% 76.50% 82.60% 75.60% 72.60% 73.10% 70.20% Black Alone 6.60% 8.20% 12.90% 8.80% 13.10% 15.30% 16.40% 12.80% American Indian Alone 0.20% 0.30% 0.40% 0.20% 0.40% 0.50% 0.40% 1.00% Asian Alone 3.50% 3.50% 3.10% 3.40% 3.00% 1.90% 2.80% 5.60% Pacific Islander Alone 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.20% Some Other Race Alone 1.50% 2.00% 4.40% 2.40% 5.30% 6.80% 4.20% 6.80% Two or More Races 2.60% 2.30% 2.50% 2.50% 2.60% 3.00% 3.00% 3.40% Hispanic Origin (Any Race) 8.30% 9.60% 14.70% 10.20% 16.60% 22.00% 25.50% 18.10%
7 LEGOLAND Corridor 35,000 cars/day 14,100 cars/day Subject 25,500 cars/day 1.8 miles Regional HQ 2.5 miles
8 Trade Area Subject 26,500 cars/day
9 Neighborhood Aerial For Lease Royal Crescent Condominiums 26,500 cars/day
10 Site Plan 66 parking spaces 33 Starbucks 33 retail shops
11 Retail Space 6,300 SF adjacent to Starbucks 33 parking spaces 5.25 per 1,000 SF $25/SF NNN
12 Over 2 million annual visitors The only Florida interactive theme park where LEGO comes to life and kids take control. LEGOLAND Florida Resort is built for kids. The 150-acre interactive theme park offers more than 50 rides, shows and attractions, restaurants, shopping, a breathtaking botanical garden and the LEGOLAND Water Park all geared to families with children ages 2 to 12. The LEGOLAND Hotel is located just steps from the park entrance and features 152 rooms LEGOLAND Beach Retreat provides an additional 166 rooms. Recently opened, Heartlake City is a colorful new land based on the LEGO Friends toy line N. Tennessee Ave., 3 rd Floor Lakeland, FL SRDcommercial.com
13 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.
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