OFFERING SUMMARY Goldenrod Marketplace Shadow DOMINANT COMMUNITY SHOPPING CENTER SHADOW ANCHORED BY WALMART SUPERCENTER DYNAMIC ANCHOR COMBINATION DISCOUNT APPAREL, FITNESS & GROCERY PRIME LOCATION IN RAPIDLY GROWING TRADE AREA IN SOUTHEAST ORLANDO
Cushman & Wakefield s Retail Investment Advisors is pleased to offer for sale Goldenrod Marketplace, a 124,635 sf multi-anchor community shopping center located in Orlando, Orange County, Florida. Originally developed in phases in 2008, 2013 and 2015, the center is anchored by Marshalls and LA Fitness and shadow anchored by Walmart Supercenter. This offering represents the unique opportunity to acquire a premier community center featuring a best-in-class anchor lineup led by Marshalls, LA Fitness and shadow Walmart Supercenter and serving an expansive and rapidly growing Prime Location trade area. PROPERTY SUMMARY Location 5833-6065 Goldenrod Road, Orlando, FL 32822 18.74 acres Site Area 124,635 GLA (sf) 2008 / 2013 / 2015 Year Built Anchors SUPERCENTER shadow 97% Occupancy Excellent frontage and multiple access points from two major arteries Goldenrod Road & Narcoosee Road Dedicated signalized entrance along Goldenrod Road High traffic intersection 62,500 VPD Narcoosee Road is currently being widened from two lanes to four lanes Located about 1.5 miles north of Orlando International Airport and Beachline Expressway OFFERING HIGHLIGHTS Shadow- Anchored by High Volume Walmart Supercenter drawing customers from an extended trade area Dynamic Line-Up featuring category leading Big-Box Tenants Marshalls and LA Fitness Marshalls is a strong performer with upward trending sales LA Fitness ranks #2 in its district out of 15 units for membership and is an internet insulated business National tenants comprise 86% of GLA Demographics of Choice Expansive primary trade area covering a 3-mile radius with 76,424 residents 9.6% population growth projected over the next 5 years High daytime population 23,735 employees in a 3-mile radius Attractive Income Stream Credit tenants represent 73% of revenue LA Fitness has significant lease term (expires 2029) and a reasonable rental rate Marshalls has single digit rental rate CAGR of 3.31% over 10 years
LOCATION HIGHLIGHTS Prime Location in growing suburban trade area of Southeast Orlando Proximate to the Orlando International Airport and Beachline Expressway 62,500 VPD at the intersection of Goldenrod Road and Narcoossee Road Excellent frontage and multiple access points from two major arteries Demographics of Choice 76,424 Residents within a 3-mile radius projected to grow 9.6% by 2022 23,735 Employees in a 3-mile radius CUSHMAN & WAKEFIELD / 3
TENANCY MAJOR TENANTS SF % OF GLA** 38,000 30% Tenancy Highlights 26,000 21% 10,000 8% 6,000 5% 5,000 4% 5,000 4% Diverse tenant-mix with concentration of discount retailers ideally tailored to serve the trade area Marshalls is a strong performer with upward trending sales LA Fitness draws from an extended trade area and is an internet insulated business -- highly successful location ranked #2 in the district out of 15 units for membership NATIONAL VS. LOCAL TENANCY BASED ON GLA NATIONAL 85.5% LOCAL 11.1% AVAILABLE 3.4% Total Major Tenants 90,000 72% Shadow anchored by high-volume Walmart Supercenter SHOP TENANTS National tenants comprise 86% of GLA National Tenants (10)* 16,569 13% Local (8) 13,865 11% FINANCIAL HIGHLIGHTS Available (2) 4,201 3% Total Shop Tenants 34,635 27% Total Property 124,635 100.0% * National shop tenants include Cricket Wireless, Gamestop, GNC, Goin Postal, Great Clips, Mattress Firm, Pinch-A-Penny, Rita s Italian Ice, Sally Beauty, U Break I Fix **Totals may be less than 100% due to rounding Credit tenants account for 73% of revenue LA Fitness has significant lease term (expires 2029) and a reasonable rental rate Marshalls has a single digit rental rate Priced significantly below replacement cost Growing income stream with a 10-year CAGR of 3.31%
62.5K VPD NARCOOSSEE RD SUPERCENTER GOLDENROD RD For more information, please contact: MARK GILBERT Executive Vice President (305) 533 2866 mark.gilbert@cushwake.com ADAM FEINSTEIN Executive Director (305) 533 2863 adam.feinstein@cushwake.com MITCHELL HALPERN Director (305) 533 2855 mitchell.halpern@cushwake.com AZAM MALIK Financial Analyst (786) 792 5202 azam.malik@cushwake.com CUSHMAN & WAKEFIELD OF FLORIDA, INC. 333 SE 2nd Avenue Suite 3900 Miami, FL 33131 USA The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) cwretailinvestmentadvisors.com