SANFORD PLAZA. Retail Condo For Sale 3000 SF LEASED OWNER FINANCING POSSIBILITY

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1 OWNER FINANCING AVAILABLE SANFORD PLAZA Retail Condo For Sale 3000 SF LEASED OWNER FINANCING POSSIBILITY

2 T a b l e of Content s Disclaimer This Offering Memorandum is provided by Vanwald and Associates, solely for your consideration of the opportunity to purchase the commercial property described herein. This Offering Memorandum may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of Vanwald and Associates. This Offering Memorandum does not constitute or pertain to an offer of a security or an offer of any investment contract. It contains descriptive materials, financial information and other data compiled by Vanwald and Associates for the convenience of parties who may be interested in the subject property. The information contained is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. Vanwald and Associates has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. Table of Contents PROPERTY SNAPSHOT LOCATION OVERVIEW TENANT INFO MARKET AREA CONTACT INFORMATION An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon Vanwald and Associates. & A S S O C I A T E S FOR MORE INFORMATION, CONTACT: COSTEL VANATORU Lic. Real Estate Broker Costel@VanWald.com VanWald & Associates LLC 6000 Metrowest BLVD, STE 101, Orlando, FL 32835

3 P ropert y Sn a p s h o t THE SANFORD PLAZA 3000 SF LEASED OWNER FINANCING POSSIBILITY Vanwald & Associates is pleased to present the opportunity to acquire a single tenant fully leased retail suite at The Sanford Plaza, located at 2921 Orlando AVE, STE 132, Sanford, Florida. The space is successfully operating as a beauty supply retail store. The Tenant has been in business since 1992, and signed a new lease at this location in the summer of The initial term runs through The lease stipulates that Tenant pays base rent and Additional Rent to cover the yearly Operating Expenses. This lease structure further protects the asset s NOI from raising costs. The Association maintains the parking areas, landscaping, walkways, the exterior of the suite, the roof, and more. The center is located just near the 417 freeway, and the space benefits from better exposure, being located next to Bravo Supermarket. SINGLE TENANT SUCCESSFUL BUSINESS MODEL UNDER MARKET RENTS OWNER FINANCING AVAILABLE* *Please call today for more information. PROPERTY SNAPSHOT Property Address County Type Suited for Current Use SANFORD BEAUTY 2921 S Orlando DR, STE 132, Sanford, FL Seminole County Retail/ Strip Center Condo Retail/Office Retail Store PID Zoning Commercial SIZE 3,000 SF +/- Daily Traffic Tenant Lease Type as per the FDOT 38,000 VPD Beautymax Enterprises NNN Type Lease Term 37 month term: 9/1/2016 to 8/31/19 Rent Increases 3% Yearly NOI $20,475 CAP RATE 8.00% Price/SF $85.30 Price $255,900

4 L o c at i o n Overview Sanford, one of Central Florida s oldest incorporated cities, is home to bricklined streets, towering oaks, elegant store-fronts and large, nineteenth-century Victorian homes. The downtown, which once featured feed stores and dry good sellers, now showcases antique shops, restaurants and art galleries. Picturesque First Street, the center of downtown Sanford, is a vibrant, enticing destination. Events, such as the Saturday morning Farmers Market and jazz concerts in Magnolia Square; theatrical productions at the newly renovated Wayne Densch Performing Arts Center; and the monthly Alive After 5 street parties attract visitors from all over Central Florida. The booming retail activity just west of downtown includes one of the largest malls in Central Florida, The Seminole Towne Center, as well as numerous retail enclaves surrounding it. One of the area s largest congregation of auto and motorcycle dealers is located in this vicinity, as well. 38,000 Vehicles Daily

5 T e n a n t Overview This family owned beauty supply store has been operating and servicing the Sanford community since They are known for providing beauty products at a great value and exceptional service!

6 SANFORD, FLORIDA M a r k e t Area The quality of life ameneties which attracted General Henry Sanford to purchase 12,547 acres of land and plan a town in 1870, continues to attract new business and residents today. General Sanford wanted a beautiful setting of stately Oaks, water view vistas, good roads, great schools and an ideal climate for his city and for the home base of his booming business enterprise. The City of Sanford continues, today, to offer favorable economic development opportunities to businesses of all kinds while offering a quality level of services and amenities for residents. Schools Seminole County Schools are renowned for excellence. MONEY magazine identified Seminole County schools as one of the top 100 school districts in the nation in terms of offering high quality education in a moderately priced community. The school district has been recognized every year since 1992 for being in the top 10% of the nation's 15,600 school districts as meeting the needs of families choosing schools. Seminole County had 87% of their schools rated A or B schools. NEWSWEEK recognized all Seminole County High Schools in the top 3% in the nation based on the number of students enrolled in advanced placement or international baccalaureate classes. Orlando Business Journal ranked all SCPS high schools among the top 25 in Central Florida. Sanford's downtown is a historic hot spot combining retail and galleries, office and commercial with a growing theatre and restaurant/ entertainment center. Now known as the Wayne Densch Performing Arts Center, and recently known as the Helen Stairs Theatre for the Performing Arts, the landmark restored Ritz Theatre building of 1920's Vaudeville fame now produces an annual season of "named" entertainment shows along with housing Seminole County's repertory theatre adult and youth company. Activities at the Theatre alone bring over 50,000 people to downtown Sanford annually.

7 M a r k e t Area ECONOMIC DEVELOPMENT OVERVIEW Demographics The City of Sanford experienced a 39.9% population growth rate between the 2000 and 2010 Census. This was more than any other City in Seminole County and more than twice the average growth rate for the State of Florida for the same period. POPULATION 2000 Census 40, % 2010 Census 54, % 2012 Projection 55, % 2017 Projection 5 7, % INCOME Welcome to the Historic City of Sanford on the shores of beautiful Lake Monroe and the St. Johns River! Since its inception in 1870 by the purchase of 12,547 acres by General Henry Sanford, the City of Sanford has been a major business and transportation hub of central Florida. It continues to this day to offer outstanding economic development opportunities to new and existing businesses, offering a healthy mix of industrial office and retail growth opportunities. The Orlando Sanford International Airport is the largest private employer in the City, and has ranked as the fastest growing airport in the country for a number of years since Its 350 acre industrial park is one of six located in the City which are part of Foreign Trade Zone #250. The FTZ allows significant tax benefits for companies involved in import and export or using imported materials in their operations. The City of Sanford continues to promote Sanford as a great place to locate businesses through marketing and outreach efforts. Business growth from both new business relocation and existing business expansion has been a key factor to the health of our local economy. Median Household Income $43,811 Average Household Income $56,499 Average Family Income $60,799

8 C o n tact Informat i o n FOR MORE INFORMATION, CONTACT: COSTEL VANATORU Lic. Real Estate Broker Costel@Vanwald.com & A S S O C I A T E S VanWald & Associates LLC 6000 Metrowest BLVD, STE 101, Orlando, FL The information contained in this flyer is not guaranteed and should be independently verified.