2ND GEN RESTAURANT WITH DRIVE THRU AVAILABLE! 8905 20TH STREET VERO BEACH, FL 32968 Ali Mushtaq Senior Advisor 407.982.3976 ali.mushtaq@svn.com Alejandro Sanchez Londono 305.761.9751 as@444cre.com SVN FLORIDA COMMERCIAL REAL ESTATE ADVISORS 174 W. COMSTOCK AVE., SUITE 115, WINTER PARK, FL 32789 OFFERING MEMORANDUM
Property Summary OFFERING SUMMARY Available SF: 3,055 SF Lease Rate: $85,000 per year (NNN) Lot Size: 1.17 Acres Year Built: 1995 Building Size: 3,055 SF Renovated: 2005 PROPERTY OVERVIEW SVN is proud to exclusively present 2nd Gen Restaurant with drive thru on soon to be vacant Wendys, located in Main Street and off I-95 Exit ramp of 20th Street. Outparcel adjacent to (TA) TravelCenters of America. LOCATION OVERVIEW Located adjacent to TA Truck Stop as Outparcel off exit ramp of I-95 20th Street Vero Beach exit. Traffic Counts: 20th St & 90th Ave 24,000 AADT 2017 I- 95 & 20th St 39,500 AADT 2017 Zoning: Commercial-CG Market: Vero Beach Submarket: Sebastian- Vero Beach 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 2
Floor Plan 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 3
Additional Photos 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 4
Regional Map 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 5
Location Maps 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 6
Demographics Report 1 MILE 5 MILES 10 MILES Total population 657 20,414 112,268 Median age 51.6 53.0 46.1 Median age (male) 51.2 51.5 44.4 Median age (female) 52.0 53.7 47.4 1 MILE 5 MILES 10 MILES Total households 291 9,376 46,913 Total persons per HH 2.3 2.2 2.4 Average HH income $50,105 $59,485 $62,139 Average house value $126,700 $168,147 $210,944 * Demographic data derived from 2010 US Census 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 7
Demographics Map POPULATION 1 MILE 5 MILES 10 MILES Total population 657 20,414 112,268 Median age 51.6 53.0 46.1 Median age (male) 51.2 51.5 44.4 Median age (Female) 52.0 53.7 47.4 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 291 9,376 46,913 # of persons per HH 2.3 2.2 2.4 Average HH income $50,105 $59,485 $62,139 Average house value $126,700 $168,147 $210,944 * Demographic data derived from 2010 US Census 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 8
City Information VERO BEACH, FL Vero Beach was rated the Best Small Town in Florida & 12th in the Nation and was named one of The 100 Best Art Towns in America. Known as the Gateway to the Tropics," CITY INFORMATION County Indian River County Climate: Sub Tropical Average Temperature: 72.7F Tourism: The Disney Resort in Vero Points Of Interest: Part of Treasure Coast CITY HIGHLIGHTS Vero Beach is home to general aviation manufacturer Piper Aircraft, which is the largest private employer in Indian River County. As of July 2015, Piper employed approximately 750 people. Aside from Piper, the bulk of commercial activity in Vero Beach centers around tourism, the citrus industry and service activities. There are two large shopping malls the Indian River Mall and the Vero Beach Outlets just west of I-95 on State Road 60. There are small specialty shops along Ocean Drive on the barrier island and in what is called the "Miracle Mile." The Historic Downtown is a newly revitalized area of shopping, dining, antique stores and art galleries. 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 9
Advisor Bio & Contact 1 ALI MUSHTAQ Senior Advisor PROFESSIONAL BACKGROUND SVN is now Top #6 most recognized brand in Commercial Real Estate. Ali Mushtaq serves as Senior Advisor for SVN Florida specializing in the Sale & Development of Retail, Commercial, 174 W. Comstock Ave. Suite 115 Winter Park, FL 32789 T 407.982.3976 C 407.325.1446 ali.mushtaq@svn.com FL #SL3039910 Residential, Mixed Use Land in (Orlando MSA) With 16+ years of experience. Prior to joining SVN, Ali served as Commercial Associate for a national commercial real estate company, where he worked with several major Developers, Builders seeking Land for Acquisition & Development. Previously he served as 2013 Vice President of Finance for CFCAR and served as 2014 VP of Operations for CFCAR. Ali also served in CFCAR's Commercial Professional Committee. Ali s transactions include many Multi Million Dollar Transactions: *Maingate Flea Market sale $ 6,500,000 *PDQ Chicken Lease East Orlando value $3.24M *Land Sale Osceola Pkwy/Dyer Blvd, Kissimmee $2.1M *CVS Ground Lease W192/Sherberth Rd, Kissimmee value $9M He has several Multi Million Dollars contracts in pending status for 2018, 2019 His knowledge in business & commercial real estate combined with his performance in commercial finance allows his clients a one stop shop, in which why he has earned so much respect from numerous clients. His knowledge in business & commercial real estate combined with his performance in commercial finance allows his clients a one stop shop, in which why he has earned so much respect from numerous clients. Active in the commercial real estate industry, Ali is a member of ICSC, CFCAR & Florida CCIM Chapter. Local Expertise: Ali is an experienced Commercial Investment Advisor with SVN Florida. He works with many of the top owners / developers and retailers in the country. Primary Specialty Land Sales / Development & Redevelopment * Commercial Investment Advisor * Sale - Retail Investments * Land Development / Redevelopment *Landlord Representation *Site Selection EDUCATION KingsBorough Commuity College- Associates in Broadcast Management Hoftsra University- ROTC US Army Reserves MEMBERSHIPS & AFFILIATIONS 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 10
Advisor Bio & Contact 2 ALEJANDRO SANCHEZ LONDONO 11835 NW 56th Street Coral Springs, FL 33076 T 305.761.9751 C 305.761.9751 as@444cre.com FL #BK3266809 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 11
Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering a lease of a portion of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner ( Owner ), or used for any purpose whatsoever other than to evaluate the possible lease of the Property. The only party authorized to represent the Owner in connection with the lease of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Lease Offering Brochure.If the person receiving these materials does not choose to pursue a lease of the Property, this Lease Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Lease Offering Brochure may include certain statements and estimates by SVN with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Lease Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Lease Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Lease Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Lease Offering Brochure is a solicitation of interest only and is not an offer to lease the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to lease the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Lease Offering Brochure or making an offer to lease the Property unless and until the Owner executes and delivers a signed Real Estate Lease Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer to lease, a prospective lessee will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective lessee, any prospective lesse should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Lease Agreement shall bind the property and each prospective purchaser proceeds at its own risk. 8905 20TH STREET, VERO BEACH, FL 32968 SVN Florida Commercial Real Estate Advisors Page 12