160 cypress edge drive palm coast, fl 32164
TRANSCRIPT
160 CYPRESS EDGE DRIVE
PALM COAST, FL 32164
1 . 693 ACRES
CORPORATE GUARANTEE(BLOOM IN ’ BRANDS - NASDAQ : BLMN )
4X5-YEAR OPT IONS( 1 0% RENT BUMPS )
*Representative Photos used throughout package
NNN GROUND LEASE
ADJACENT TENANTS INCLUDE
WALMART SUPERCENTER ,
LOWE ’S , BELK , HOME DEPOT
LOCATED LESS THAN A 1/4
M ILE FROM I-95 INTERCHANGE
TABLE OF CONTENTS
MARKET INFORMAT ION
INVESTMENT OVERV IEW
Investment Summary
Lease Highlights
Rent Schedule
Aerials
Maps
Market Data
Demographics
Nick [email protected]
Site Plan
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I NVESTMENT OVERV IEW
» NNN Ground Lease
» Corporate Guarantee (Bloomin’ Brands,
NASDAQ: BLMN)
» Outparcel to Walmart Supercenter,
Lowe’s, and Belk
» In close proximity to Home Depot,
Bealls, Winn Dixie, Chick-fil-a, Taco
Bell, and Zaxby’s
» Other national retailers in the trade
area include Publix, Outback, Golden
Corral, Bob Evans, Walgreens,
Kohl’s, Starbucks
» Located on the Main Retail Corridor
with 25,000 VPD
» Less than 1/4 mile from I-95 Interchange
ADDRESS: 160 Cypress Edge Drive, Palm Coast, FL 32164
Sales Price: $2,575,000
Cap Rate: 6.40%
NOI: $165,000
RENTABLE SF: 6,032 SF
ACRES: 1.693 acres
COMMENCEMENT DATE: November 27, 2012
RENT INCREASES: Every 5 Years
OPTIONS: 4x5-year, 10% per option
RENT SCHEDULE
Current - 12/31/22 $165,000
Option 1 - 1/1/23 $181,500
Option 2 - 1/1/28 $199,650
Option 3 - 1/1/33 $219,615
Option 4 - 1/1/38 $241,577
25,000 Cars/dayPalm Coast Highway
3 Miles 5 Miles
Total Population 47,791 72,125
Average Household Income $60,773 $65,247
Race: White 79.5% 80.0%
Black 13.0% 12.5%
Other 7.5% 7.5%
MARKET INFORMAT ION
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Where it’s Easy to get a Great Night’s Sleep!
Pal
m C
oast
Hig
hway
MARKET INFORMAT ION
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25,000 VPD Palm Coast Parkway
MARKET INFORMAT ION
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270
260-115260-114
260-111
260-110
260-105
260-104
260-102
260-106
Where it’s Easy to get a Great N
ight’s Sleep!
160
MARKET INFORMAT ION
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Carrabba’s160 Cypress Edge DrivePalm Coast, FL 32164
Carrabba’s160 Cypress Edge DrivePalm Coast, FL 32164
MARKET INFORMAT ION
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Palm Coast, FL
One of Florida’s newest cities (incorporated 1999), Palm Coast is situated on 70 miles of saltwater and freshwater canals and the Intracoastal Water-
way and just minutes from pristine Atlantic Ocean beaches. Located in Northeast Florida, the City of Palm Coast is halfway between St. Augustine
and Daytona Beach – and about 70 miles from both the Jacksonville and Orlando metropolitan areas. Palm Coast’s Interstate 95 Exit 284 (at State
Road 100) is the closest I-95 exit to the beach from Maine to Miami. Palm Coast covers approximately 60 square miles.
Palm Coast offers a perfect mix of golf resorts and lush nature preserves. Tee off on a Jack Nicklaus-designed course or fish in the Intracoastal Wa-
terway; indulge in a rejuvenating spa treatment or stroll through formalgardens. Nearby marshlands and estuaries harbor rare and endangered birds
along Florida’s Great Birding Trail, such as the roseate spoonbill, wood stork, great blue heron and osprey. Dolphins play in the wake of passing
boats and manatees herd in the waterway during spring and summer. Eco-tours on water and land introduce you to the rife wildlife in what has been
designated the most productive ecosystem on the planet.
Parks and Recreation
The City offers a dozen beautiful parks, 125+ miles of connecting trails and paths for walking/bicycling, abundant fishing and boating, a year-round
Running Series, and world-class tennis and golf. Lined with historic oaks, towering pines and indigenous vegetation, Palm Coast’s parks and trails
showcase the splendid elegance of the native Florida landscape. Bird-watching is popular at St. Joe Walkway and Linear Park, which are designated
as Great Florida Birding & Wildlife Trails, and visitors can spot dolphins and seabirds as they stroll along the Intracoastal at Waterfront Park.
Education
An Academically High Performing School District, Flagler Schools has received a District Rating of “A” in four out of the last five years. The vision for
Flagler Schools is to become the nation’s Premiere Learning Organization. The district works toward this vision every day by providing personalized
learning opportunities for all students – through magnet programs, International Baccalaureate, Advanced Placement classes, college and career
dualenrollment classes, Career Academies, 1:1 technology opportunities, virtual programs, and charter schools.
Flagler Schools prepares students for success in the 21st century in many different ways. Teachers integrate 21st-century skills such as critical
thinking, creative problem solving, communication, collaboration, and cross-cultural relationship building into daily lessons. In addition to academic
programs that give students the opportunity to earn college credit while still in high school, industry certification is offered in a number of areas,
allowing students to immediately enter the workforce or continue training at the Flagler Technical Institute.
MARKET INFORMAT ION
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% % %
% % %
% % %
32164:Site located at 29.55013, 81.22057
10 mi ring
Population
5 mi ring3 mi ring
in households
Households
Housing Units
Median age
age 65 and overage 75 and over
Per capita income
in noninstitutional group quarters
in familiesin non-families
in group quarters
under age 18age 55 and over
American IndianAsian, Pacific Islanderother, multi-racial
Diversity index
Hispanic
malefemale
Race whiteblack
familieswith person under 18
non-familieswith person under 18
Median household incomemedian family incomemedian non-family income
Household sizefamily sizenon-family size
owner-occupiedrenter-occupiedvacant units
MARKET INFORMAT ION
10
% % %
Average incomeMedian income
Renter households
Aggregate income ($M)
$10,000 - 14,999$15,000 - 19,999$20,000 - 24,999
$40,000 - 49,999
1 person
3 to 4 persons5+ persons
2 persons
% % %
(households)Household income (households) (households)
3 mi ring 5 mi ring 10 mi ring
$50,000 - 59,999$60,000 - 74,999$75,000 - 99,999$100,000 - 124,999
$25,000 - 29,999$30,000 - 34,999$35,000 - 39,999
2 persons3 to 4 persons5+ persons
Household size
$125,000 - 149,999$150,000 - 199,999$200,000 - 249,999$250,000 and over
32164:Site located at 29.55013, 81.22057
2 persons3 to 4 persons5+ persons
1 person
under $10,000
Owner households
All households1 person
