SUNRISE CITYPLAZA - JLL · — and purchasing significantly higher margin items. These same studies...
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State Road 535 & W. Osceola Parkway | Kissimmee, Florida 32821 SUNRISE CITY PLAZA Pha II Pha II Stacy Miller Menendez +1 321 303 0884 [email protected] Daniel Broussard +1 407 538 8199 [email protected]
Transcript of SUNRISE CITYPLAZA - JLL · — and purchasing significantly higher margin items. These same studies...
State Road 535 & W. Osceola Parkway | Kissimmee, Florida 32821
S U N R I S E C I T Y P L A Z A
Phase II Phase II
Stacy Miller Menendez +1 321 303 [email protected]
Daniel Broussard +1 407 538 [email protected]
SITE
Powe
r Cen
ter F
oot P
rint
Studies confirm that tourists are avid shoppers, spending significantly more at stores while on vacation
— and purchasing significantly higher margin items.
These same studies show that “shopping” is cited by visitors as the second highest priority activity they
want to engage in while vacationing in Orlando.
Neighboring Trade Areas are
Top Performing in Orlando MSA
Trade Area Population
of313,296
Retail sales2-3x national
average across brands
Closest centerto the
Eastern gatesof Disney
2 | Sunrise City Plaza | Kissimmee, FL Sunrise City Plaza | Kissimmee, FL | 3
SUNRISE CITY
PLAZA:PHASE II
Traff
ic &
Access
177,5
00 AADT 53,727 AADT
44,600 AADT
26,708 AADT
Osceola ParkwayOsceola Parkway
A CLOSER LOOK
Vineland Road
Vineland Road
Polynesian Isles Blvd
Polynesian Isles Blvd
Poin
cian
a Bl
vd
Poin
cian
a Bl
vd
Osceola Parkway
Osceola Parkway
177,5
00 AADT
44,600 AADT
22,000 AADT22,000 AADT
10,700 AADT
37,000 AADT37,000 AADT
57,004 AADT57,004 AADT 51,000 AADT51,000 AADT
26,708 AADT
24,5
00 A
ADT
24,5
00 A
ADT
10,700 AADT
53,727 AADT
HIGH TRAFFIC ACCESS POINTS Sunrise City Plaza Phase II is building on the immense success of the first phase of construction. The retailers in the center are all performing above the national average due, in part, to the extraordinary visibility, traffic, and access to the project. Phase II will have the same attributes with more than 67,500 cars per day and 2 lighted access points and an exit directly off of Osceola Parkway. The center benefits from both the explosion in residential growth nearby as well as it’s proximity to the tourist corridor which brings in novel shoppers on a weekly basis.
4 | Sunrise City Plaza | Kissimmee, FL Sunrise City Plaza | Kissimmee, FL | 5
SR 535/Vineland Road
Polynesian Is
le Blvd
Sunrise City Dr
N P
oinc
iana
Blv
d
Osceola Pkwy WB O� Ramp
85’
70’
125’
61’ 80’ 146’ 20’ 241’ 111’ 90’
70’
180’
75’
191’
210’
138’
221’
125’
21’
75’
172’
41’
64’
157’
113’
119‘
4’
135’
220’
75’
3 4 520’
76 820’
70’
20’109 11
15’
70’
30’1312 14 15
1.73± Acres
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20
19
18
16
535
535 VINELAND RD
N PO
INCI
ANA
BLVD
SUNRISE BLVD
OSCEOLA PKWY EXIT RAMP
NOTINCLUDED
#101
#102
#103
#104OP 5
OP 6#107
#106#105
SITE PLAN LEGEND
Available units#101: 10,080 s.f. | 90 x 112#102: 3,375 s.f. | 45 x 75#103: 2,400 s.f. | 30 x 65#104: 1,200 s.f. | 19 x 65#105: 1,200 s.f. | 19 x 65#106: 1,200 s.f. | 19 x 65#107: 4,500 s.f. | 70 x 65
Outparcels
Lighted access
Leased unitsOP 5 & OP 6: ± 3,000 s.f. | ± 1 AC
Access points
Phase I
Phase II
Proposed Tenants
6 | Sunrise City Plaza | Kissimmee, FL Sunrise City Plaza | Kissimmee, FL | 7
Storey Lakeis the fastest
selling LennarCommunity in the U.S.
$80M sold 2017
Reside
ntial
Grow
thFuture Resort, MF, Hotel(±600 units)
Lennar’s Storey Lake(3,000+ units)
The Cove at Storey Lake
(240+ units)
6,400Units adjacent to center
3,000units in place (approx.)
Sunrise Cityadjacent land sold to
4 separateMF developers
Terraces at Storey Lake Condominiums $221k - $463k
Osceola ParkwayOsceola Parkway
Sunrise City (2,600+ units)
Sunrise City
98 | Sunrise City Plaza | Kissimmee, FL
313k+Customer
Population in Trade Area
81k+Total Household
Units in Trade Area
221k+Average Daily
Visitors
$96k+Median HH
Visitor Income
> 750
550
400
200< 0
# Units / Marker
LEGEND
Hotels
Vacation Units
DEMOGRAPHICS2017 HOUSEHOLDS 10 MIN DRIVE TIME TRADE AREA
Permanent Resident Households 10,694 11,881
Vacation Units* 59,438 69,469
Total Units 70,132 81,350
2017 POPULATION 10 MIN DRIVE TIME TRADE AREA
Permanent Residents 34,234 39,899
Average DailyVisitors** 189,476 221,453
Daytime Employment 45,923 51,944
Total Customer Population 269,633 313,296
2017 MEDIAN HOUSEHOLD INCOME
Visitor $96,707
Trade Area Permanent Resident $55,824
*Vacation Units comprised of hotel, hotel suites, timeshare, condominiums, and vacation homes. **Calculated as the number of hospitality units x 75.9% occupancy x 4.2 guests per unit using data collected from the Florida DBPR, Experience Kissimmee Visitors Bureau, ESRI, JLL Research.
> 750
550
400200< 0
# Units / Marker
LEGEND
Hotels
Vacation Units
Residential & Tourism Highlights
47 MILLION TRAVELERS PER YEAR
1110 | Sunrise City Plaza | Kissimmee, FL
S U N R I S E C I T Y P L A Z A
Vineland Rd/SR 535
Phase I Summary:ADDRESS State Road 535 & W. Osceola Parkway
Kissimmee, FL 32821SQUARE FOOTAGE 151,000 rsfSITE SIZE 22.51 acresYEAR OPEN 2017OCCUPANCY 99.0%MAJOR TENANTS Publix, ROSS, TJ Maxx, Petco, Five Below
Top Performinggrocery-anchored power center
2outparcelson SR 535
High traffic, tourism corridor with multiple access points:
Traffic lightat SR 535 &
Poinciana Blvd
Traffic lightat SR 535 &
Polynesian Isle Blvd
Traffic lightat Osceola Parkway
Median cuton SR 535
at entry to Phase II
Phase II Now Leasing
Available:Phase II: 24,000
COMING SOON:
Delivery plannedfor Q3 2020
Total GLA 175,000
Sunrise City Plaza | Kissimmee, FL | 13
Office street address | City, State 00000
www.us.jll.com/capitalmarkets
Copyright © Jones Lang LaSalle IP, Inc. 2019
This publication is the sole property of Jones Lang LaSalle and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication. Jones Lang LaSalle Americas, Inc., California license # 01223413. Jones Lang LaSalle Americas, Inc. License # 19262.
Any opinion or estimate of value of any asset in this presentation is based upon the high-level preliminary review by JLL. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. JLL expressly disclaims any liability for any reliance on any opinion or estimate of value in this presentation by any party.
535
535 VINELAND RD
N POIN
CIAN
A BL
VD
SUNRISE BLVD
OSCEOLA PKWY EXIT RAMP
535
535 VINELAND RD
N PO
INCI
ANA
BLVD
SUNRISE BLVD
OSCEOLA PKWY EXIT RAMP
NOTINCLUDED
#101
#102
#103
#104
OP 5
OP 6
#107
#106#105
OSCEOLA PKWY EXIT RAMP
LEGENDAvailable units
#101: 10,080 s.f. | 90 x 112
#102: 3,375 s.f. | 45 x 75
#103: 2,400 s.f. | 30 x 65
#104: 1,200 s.f. | 19 x 65
#105: 1,200 s.f. | 19 x 65
#106: 1,200 s.f. | 19 x 65
#107: 4,500 s.f. | 70 x 65
Lighted access
Leased units
OutparcelsOP 5 & OP 6: ± 3,000 s.f. | ± 1 AC
Access points
Leasin
g Te
am
STACY MILLER MENENDEZSenior Vice President
Based in Orlando, Stacy provides agency leasing, tenant representation, development, acquisitions and dispositions for the state of Florida. Stacy focusing on helping grow the firm’s agency leasing business from Jacksonville through Orlando and Tampa.
With more than 25 years of experience, Stacy brings significant market knowledge along with 25 years of project development and transaction experience. Stacy is adept at underwriting retail trade areas, developing and implementing merchandising strategy, procuring synergistic national, regional, and local operators and negotiating agreements, all the while being mindful of creating value for ownership, the tenant and the trade area at large.
DANIEL BROUSSARDSenior Associate
Daniel is an experienced member of the retail team in Orlando. He works primarily with tenants coming to the Central Florida Region looking to lease or purchase high quality commercial real estate. He has worked with tenant-side clients ranging from publicly traded, large scale operations to much smaller, local, mom and pop type clients. He also helps his team with leasing the properties in their agency listings which include some of the largest institutional property owners in the county. He has experience across the county helping clients find space but is focused in Florida.
Sunrise City Plaza | Kissimmee, FL | 15
Copyright © Jones Lang LaSalle IP, Inc. 2019
This publication is the sole property of Jones Lang LaSalle and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication. Jones Lang LaSalle Americas, Inc., California license # 01223413. Jones Lang LaSalle Americas, Inc. License # 19262.
Any opinion or estimate of value of any asset in this presentation is based upon the high-level preliminary review by JLL. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. JLL expressly disclaims any liability for any reliance on any opinion or estimate of value in this presentation by any party.
100 E Pine Street, Suite 200 | Orlando, Florida 32801
www.jllretail.com
Stacy Miller Menendez +1 321 303 [email protected]
Daniel Broussard +1 407 538 [email protected]
