SUBJECT PROEPRTY - TRIVANTA€¦ · Stephen J. Noyola Commercial Property Ventures, Inc. | License...

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SUBJECT PROEPRTY Property. Brand new 2,265+ SF building on + 0.77 acres. Tenant. Lessee: Sailormen Inc., is a Popeyes franchisee that operates a combined 150+ units including Burger King and Taco Bell, located in Florida, Georgia Alabama, Mississippi, and Louisiana with annual revenue of $185+ million. Lease structure. New 15-year, absolute NNN lease with 10% rent increases every 5 years in primary term and option periods. Location. Popeyes is located at the southwest quadrant of US-90 “Mobile Hwy.(33,000 VPD) and Saufley Field Rd. (29,000 VPD) in Pensacola, FL. US-90 is an east-west 1,633-mile US Hwy. that traverses through the entire panhandle of Florida to the state’s northeast coast.. The site is in close proximity to popular tourist beaches of the city, which has cause an increase of 30% in the local economy since 2015. Additionally, the subject property is located approximately 2-miles east of Saufley Field military airport, an active naval station that is home to a population of approximately 1,000. The traffic volumes, growth, popularity, and accessibility of the immediate trade area have attracted numerous nationally known retail brands to the trade area including Walmart, Home Depot, Publix, Winn Dixie, Walgreens, CVS, Planet Fintess, AutoZone, O’Reilly, Advanced Auto, Pep Boys, Dollar General, Dollar Tree, Family Dollar, Denny’s, Waffle House, McDonald’s, Whataburger, Burger King, KFC, Sonic, Pizza Hut, Taco Bell, Arby’s, Subway, and many more. Pensacola, FL is approximately 45-miles from Destin, FL and 58-miles from Mobile, AL. 214.915.8890 BOB MOORHEAD [email protected] RUSSELL SMITH [email protected]

Transcript of SUBJECT PROEPRTY - TRIVANTA€¦ · Stephen J. Noyola Commercial Property Ventures, Inc. | License...

Page 1: SUBJECT PROEPRTY - TRIVANTA€¦ · Stephen J. Noyola Commercial Property Ventures, Inc. | License # BK3051175 PAGE 10: PROPERTY PHOTOS SUBJECT PROEPRTY. PRICE | CAP RATE: $2,241,000

SUBJECT PROEPRTY

Property. Brand new 2,265+ SF building on +0.77 acres.

Tenant. Lessee: Sailormen Inc., is a Popeyes franchisee that operates a combined 150+ units including Burger King and Taco Bell, located in Florida, Georgia

Alabama, Mississippi, and Louisiana with annual revenue of $185+ million.

Lease structure. New 15-year, absolute NNN lease with 10% rent increases every 5 years in primary term and option periods.

Location. Popeyes is located at the southwest quadrant of US-90 “Mobile Hwy.” (33,000 VPD) and Saufley Field Rd. (29,000 VPD) in Pensacola, FL. US-90 is an

east-west 1,633-mile US Hwy. that traverses through the entire panhandle of Florida to the state’s northeast coast.. The site is in close proximity to popular tourist

beaches of the city, which has cause an increase of 30% in the local economy since 2015. Additionally, the subject property is located approximately 2-miles east of

Saufley Field military airport, an active naval station that is home to a population of approximately 1,000. The traffic volumes, growth, popularity, and accessibility of the

immediate trade area have attracted numerous nationally known retail brands to the trade area including Walmart, Home Depot, Publix, Winn Dixie, Walgreens, CVS,

Planet Fintess, AutoZone, O’Reilly, Advanced Auto, Pep Boys, Dollar General, Dollar Tree, Family Dollar, Denny’s, Waffle House, McDonald’s, Whataburger, Burger

King, KFC, Sonic, Pizza Hut, Taco Bell, Arby’s, Subway, and many more. Pensacola, FL is approximately 45-miles from Destin, FL and 58-miles from Mobile, AL.

214.915.8890

BOB MOORHEAD

[email protected]

RUSSELL SMITH

[email protected]

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Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at

4511 Saufley Rd., Pensacola FL by the owner of the Property (“Seller”). The Property is

being offered for sale in an “as-is, where-is” condition and Seller and Agent make no

representations or warranties as to the accuracy of the information contained in this

Offering Memorandum. The enclosed materials include highly confidential information and

are being furnished solely for the purpose of review by prospective purchasers of the

interest described herein. The enclosed materials are being provided solely to facilitate the

prospective investor’s own due diligence for which it shall be fully and solely responsible.

The material contained herein is based on information and sources deemed to be reliable,

but no representation or warranty, express or implied, is being made by Agent or Seller or

any of their respective representatives, affiliates, officers, employees, shareholders,

partners and directors, as to the accuracy or completeness of the information contained

herein. Summaries contained herein of any legal or other documents are not intended to be

comprehensive statements of the terms of such documents, but rather only outlines of

some of the principal provisions contained therein. Neither the Agent nor the Seller shall

have any liability whatsoever for the accuracy or completeness of the information contained

herein or any other written or oral communication or information transmitted or made

available or any action taken or decision made by the recipient with respect to the Property.

Interested parties are to make their own investigations, projections and conclusions without

reliance upon the material contained herein. Seller reserves the right, at its sole and

absolute discretion, to withdraw the Property from being marketed for sale at any time and

for any reason. Seller and Agent each expressly reserves the right, at their sole and

absolute discretion, to reject any and all expressions of interest or offers regarding the

Property and/or to terminate discussions with any entity at any time, with or without notice.

This offering is made subject to omissions, correction of errors, change of price or other

terms, prior sale or withdrawal from the market without notice. Agent is not authorized to

make any representations or agreements on behalf of Seller. Seller shall have no legal

commitment or obligation to any interested party reviewing the enclosed materials,

performing additional investigation and/or making an offer to purchase the Property unless

and until a binding written agreement for the purchase of the Property has been fully

executed, delivered, and approved by Seller and any conditions to Seller’s obligations

hereunder have been satisfied or waived. By taking possession of and reviewing the

information contained herein, the recipient agrees that (a) the enclosed materials and their

contents are of a highly confidential nature and will be held and treated in the strictest

confidence and shall be returned to Agent or Seller promptly upon request; and (b) the

recipient shall not contact employees or tenants of the Property directly or indirectly

regarding any aspect of the enclosed materials or the Property without the prior written

approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied

or otherwise reproduced without the prior written authorization of Seller and Agent.

PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 2: TABLE OF CONTENTS | DISCLAIMER

PAGE 16: DEMOGRAPHICS

PAGE 11-13: LOCATION OVERVIEW

PAGE 14-15: LOCATION MAPS

PAGE 9: SITE PLAN

PAGE 5-8: AERIAL PHOTOS

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PAGE 4: IN THE NEWS

Florida Broker of Record:

Stephen J. Noyola Commercial Property Ventures, Inc. | License # BK3051175

PAGE 10: PROPERTY PHOTOS

SUBJECT PROEPRTY

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PRICE | CAP RATE: $2,241,000 | 5.75%

NET OPERATING INCOME: $128,861 *

BUILDING AREA: 2,265+ Square Feet

LAND AREA: 0.77+ Acres

YEAR BUILT 2018

LANDLORD RESPONSIBILITY: None

OWNERSHIP: Fee Simple Interest

OCCUPANCY: 100%

SAILORMEN, INC.

Sailormen, Inc was founded in 1987 with 10 stores and grew to over 150 stores with over $185MM in revenue in Florida, Georgia, Mississippi, Alabama and

Louisiana. In 2018, Sailormen divested its stores in Mississippi, Alabama and Louisiana to concentrate on its new store development in both Florida and Georgia.

Currently, Sailormen operates 94 Popeyes in Florida and Georgia with approximately 10 new stores slated to open by the end of 2018.

Sailormen is the recipient of numerous brand awards and its Executives participate on numerous Franchisee Committees including Marketing, Operations,

Development and Technology.

In addition to their success as a Popeyes franchisee, the longtime partners also own and operate over 50 Burger King and Taco Bell restaurants through affiliated

companies and have numerous real estate holdings.

POPEYES | www.popeyes.com | NASDAQ: PLKI

Popeyes was founded in New Orleans, Louisiana in 1972 and is the world’s second largest quick-service chicken concept based on the number of units. Within the

Quick Service Restaurant (“QSR”) industry, Popeyes distinguishes itself with a unique “Louisiana” style menu that features spicy chicken, chicken tenders, fried

shrimp and other seafood, red beans and rice and other regional items. Popeyes is a highly differentiated QSR brand with a passion for its Louisiana heritage and

flavorful, authentic food.

Popeyes serves food the world craves and is continuing to expand its global reach. Popeyes have operated and franchised 2,600 restaurants in 48 states, the

District of Columbia, three territories and 27 foreign countries. Of the 1,900 domestic franchised restaurants, approximately 70 percent were concentrated in

Texas, California, Florida, New York, Illinois, Georgia, Maryland, New Jersey, Virginia, and Mississippi. Of the nearly 570 international franchised restaurants

approximately 60 percent were located in Canada, South Korea, and Turkey. More than 90 percent of the company-operated restaurants are concentrated in

Louisiana and Tennessee. In March 2017 Restaurant Brands International purchased Popeyes Louisiana Kitchen for $1.8 billion.

LESSEE: Sailormen, Inc.

Lease Expiration: August 2033

Rent Commencement: August 2018

Lease Term: 15-Years, Plus (5), 5-Year Options to Extend

Rent Increases: 10% Every 5 Years In Primary Term & Options

Lease Type: Absolute NNN

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Annual Rent Yrs 1-5: $128,861*

Annual Rent Yrs 6-10: $141,747

Annual Rent Yrs 11-15: $155,921

Option 1 | Yrs 16-20: $171,514

Option 2 | Yrs 21-25: $188,665

Option 3 | Yrs 26-30: $207,531

Option 4 | Yrs 31-35: $228,285

Option 5 | Yrs 36-40: $251,113

Right Of First Refusal: Yes

* Rent is based on a formula that includes a % of total improvement costs and will be adjusted accordingly

upon building completion. Annual Rent shown above are estimates. Consequently, the Purchase Price

may change but the agreed upon CAP rate will not.

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Whooper of a Deal: Burger King Owner Buys PopeyesPaul R. La Monica, February 21, 2017 (CNN Money)

Mardi Gras is still a week away, but it looks like the Burger King is ready to take a stroll down Bourbon Street.

Restaurant Brands, the parent of Burger King and the Tim Hortons doughnut and coffee chain, announced Tuesday that it is buying Popeyes Louisiana Kitchen, the company famous for

its Cajun cuisine, for $1.8 billion.The deal values Popeyes at $79 a share, nearly 20% higher than where the stock closed Friday. Shares of Popeyes (PLKI), living up to the company's

"Louisiana Fast" motto, quickly rose 19% Tuesday morning to just under $79.

Reports of a Popeyes takeover surfaced last week, although there was also speculation that Restaurant Brands was considering buying another fast food chicken chain, El Pollo

Loco(LOCO). El Pollo Loco shares fell more than 1% Tuesday. Restaurant Brands CEO Daniel Schwartz said in a statement that the company looks forward to "taking an already very

strong brand and accelerating its pace of growth and opening new restaurants in the U.S. and around the world.“

Popeyes has more than 2,600 restaurants around the globe. The company was founded in New Orleans in 1972, but its corporate headquarters is now in Atlanta.

Popeyes CEO Cheryl Bachelder also noted that the "high trust partnership that we enjoy with our franchise owners" was a plus for Restaurant Brands.I spoke with Bachelder in November

2015 about that partnership. At the time, many big fast food chains were starting to worry about how rising minimum wages across the country could be a problem for franchisees.

Bachelder dismissed those concerns."We will adjust to increased costs just like we have before," she said. "Life will go on. There's been too much hubbub about it." She added: "Profits

make you happy. Our franchisees have been making a lot more money.“

If that trend continues, Popeyes could help make Restaurant Brands an even more formidable threat to top rivals McDonald's (MCD), Wendy's (WEN) and KFC owner Yum!

Brands (YUM). Restaurant Brands has been a much hotter stock than those three lately, thanks in large part to stronger sales at Burger King.

The company has made a name for itself recently with gimmicky food mashups, such as onion ring-shaped chicken fries, Cheetos Chicken Fries, burgers with red and black buns and the

Whopperito. Yes, that's the marriage of a burger and a burrito.

Adding Popeyes to the mix gives Restaurant Brands an even bigger presence in the red hot, but increasingly crowded, market for chicken franchises.In addition to KFC and El Pollo Loco,

there's competition from Bojangles (BOJA), Wingstop (WING) and upscale burger joint Shake Shack (SHAK), as well as privately held chains with cult followings like Chick-fil-A and

Zaxby's.

Wall Street seemed to think the deal will be good for Restaurant Brands as well. Shares rose more than 7% Tuesday. The stock is up more than 20% in 2017. So it's a win for two

influential investors that back Restaurant Brands, too. Bill Ackman's Pershing Square owns an 18% stake in the company. And Warren Buffett's Berkshire Hathaway has a nearly 4%

stake.

Source: La Monica, Paul R. “Burger King Owner Restaurant Brands Buying Popeyes for $1.8 Billion.”CNNMoney, Cable News Network, 21 Feb. 2017

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Saufley Field Rd. (29,000 VPD)

Marcus Bayou

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Bellview Middle

School

(1,034 students)

Charity Chapel

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Pensacola in Top Fifth of US Metro Area Population GrowthJoseph Baucum, June 5, 2017 (USA Today)

The Pensacola metro area ranked in the top fifth of U.S. locations that witnessed the greatest percentage of growth from 2015 to 2016, based on the latest population estimates from the

Census Bureau. The Pensacola region saw its estimated population density widen from 478,086 to 485,684, according to the report released May 25. The increase was a jump of 1.6

percent, which ranked 65th percentage-wise out of nearly 400 metro areas. The primary cause can largely be traced to Navy Federal Credit Union's expanding operations in Northwest

Florida. "What's driving it is job creation, and if you wanted to pinpoint a source of job creation, it's the hiring growth at Navy Federal," said Rick Harper, an economist and professor at the

University of West Florida. "Over the last couple of years as they've ramped up their hiring, it shows up in the numbers.“

Navy Federal expects to add 800 jobs by the end of this year. In 2014, the credit union committed to adding 5,000 jobs at its campus in Beulah by 2026 as part of an incentive package

with the state and county that also includes $1 billion in capital investment. After completing the expansion, the credit union will have a total of 10,000 employees. The job boom and

population growth in northwest Escambia County has also precipitated a broadening of infrastructure, which Harper added is always a necessary component when accommodating an

influx of residents. The work includes a $46 million project by the Florida Department of Transportation to widen Nine Mile Road. The construction should finish by 2019.

"Those sorts of improvements will make it possible to absorb the growth without penalizing the quality of life," Harper said.

David Peaden, executive director of the Home Builders Association of West Florida, said that with Navy Federal's expansion, several new subdivisions have started near Beulah. But he

added that other areas in the county have also seen activity, notably East Hill "where people are buying older dilapidated homes, tearing them down and building something new," as well

as downtown Pensacola's development.

"So Escambia County as a whole, there's not only new subdivisions but also infill development, which I feel is important for the overall health of our economy," he said. To ensure the

region maintains a positive trajectory in population and jobs, Harper said local economic development officials must start the process now of identifying the next significant job generator.

He added that a vital aspect of recruiting or expanding industry involves continuing the improvement of local K-12 education, so that all students receive the proper education to be

qualified for the workforce. Harper said one option is to continue augmenting the local career academies in the Escambia County School District. "To do that, you have to start before pre-

K, because the gap only gets bigger between the haves and have-nots in terms of educational opportunities as they get older," he said. "But better education will lead to more companies

saying, 'You know what? We went to Pensacola and we got the workforce talent that we needed.'"

Source: http://www.pnj.com/story/money/business/2017/06/05/pensacola-census-population-metro-navy-federal/364332001/

$50 Mil Downtown Pensacola Development Navy Federal Credit Union

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IMMEDIATE TRADE AREA

Popeyes is located at the southwest quadrant of US-90 “Mobile Hwy.” (33,000

VPD) and Saufley Field Rd. (29,000 VPD) in Pensacola, FL. US-90 is an east-

west 1,633-mile US Hwy. that traverses through the entire panhandle of Florida

to the state’s northeast coast. Saufley Field is a primary thoroughfare that

serves Pensacola and Escambia County. The site is in close proximity to

popular tourist beaches of the city, which has cause an increase of 30% in the

local economy since 2015. Additionally, the subject property is located

approximately 2-miles east of Saufley Field military airport, an active naval

station that is home to a population of approximately 1,000. Pensacola, FL is

approximately 45-miles from Destin, FL and 58-miles from Mobile, AL.

The traffic volumes, growth, popularity, and accessibility of the immediate trade

area have attracted numerous nationally known retail brands to the trade area

including Walmart, Home Depot, Publix, Winn Dixie, Walgreens, CVS, Planet

Fintess, AutoZone, O’Reilly, Advanced Auto, Pep Boys, Dollar General, Dollar

Tree, Family Dollar, Denny’s, Waffle House, McDonald’s, Whataburger, Burger

King, KFC, Sonic, Pizza Hut, Taco Bell, Arby’s, Subway, and many more.

PENSACOLA, FL

Pensacola is the county seat of Escambia County, located on the Florida

Panhandle with a population of over 311,000 and the beneficiary of over 2.1

million visitors each year. As the largest city in the Florida Panhandle, serving

at the cultural hub for the region, Pensacola offers a small city comfort, with big

city amenities. The area is known for its beautiful beaches and seafood as well

as an unparalleled quality of life, complimented by diverse and friendly

neighborhoods, warm, beautiful weather, unmatched beaches and a

community driven towards success. The Pensacola region is unique in that it

shares a warm and friendly attitude with a strong determination to enhance the

area and improve the overall quality of life through economic development

advancement, a strong military backbone and true southern charm.

Considered the ‘Cradle of Naval Aviation,’ the training of every Navy, Marine,

and Coast Guard aviator begins in the Pensacola Bay Area. The Naval Air

Station Pensacola is home to over 23,000 civilian and military employees. It is

also the home base for the famous flying “Blue Angels” flight team. The Navy

presence has attracted a cluster of aerospace and defense related industries in

addition to military themed area attractions such as the National Naval Aviation

Museum and Civil War era forts including Fort Pickens and Fort Barrancas.

The main campus of the University of West Florida is located just north of the

city. Pensacola is also home to NAS Pensacola, as well as three four-year

colleges. Pensacola is cementing its position as a contender in the aviation,

marine, aerospace and tech industries.

Northwest Florida is growing in stride and reputation, giving residents and

businesses the power to transform possibility into opportunity. One of the top

tourists destinations in the Panhandle region of Florida, Pensacola also has the

world’s largest artificial reef. The USS Oriskany, a retired aircraft carrier that

was sunk off the coast, is a hot spot for scuba diving and one of the 12 stops

along the brand new Florida Panhandle Shipwreck Trail, developed by the

Florida Department of State’s Underwater Archaeology Team.

Pensacola is a nexus of transportation. Within a five mile radius, residents and

business can access major thoroughfares by land, sea or air with Interstate 10,

CSX and the Gulf Coast Railway, a deepwater port, An international Airport

with 11 non-stop flights and enter to the Intercostal Waterway.

The Greater Pensacola region has attracted diverse multi-national firms

including Huntsman Corp, Exxon Mobil and Ascend Performance Materials,

due to its busy port and the offshore oil industry as well as many IT and cyber

security companies such as General Dynamics, Computer Sciences

Corporation and CACI. Ranked #71 for the cost of doing business by Forbes,

the Pensacola Region has a lower-than-average tax rates and a cost of living

1.3% lower than the national average. Pensacola is the only true, Southern city

in Florida with close proximity to Mobile, Birmingham and Atlanta. Pensacola

has a strong, diverse, economy that includes military, tourism and one of the

strongest manufacturing sectors within the Northwest Florida Region.

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PENSACOLA, FL

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GULF ISLANDS NATIONAL SEASHORE

Pensacola Beach and Perdido Key both are home to Florida’s Gulf Islands National Seashore, the longest stretch of federally protected seashore in the United

States. In 2015, the Gulf Islands National Seashore (GINS) won the USA Today readers’ choice distinction of “Florida’s Best Beach.” In 2016, USA Today named

Pensacola Beach the “Best East Coast Beach” and ranked GINS No. 2 in USA Today’s “10 Best Naturally Preserved Shorelines.” In addition, Johnson Beach on

Perdido Key, also part of the national seashore, was ranked the “No. 2 National Park in the U.S.” The secluded and protected seashore is a perfect escape for

fishing, surfing, snorkeling, collecting seashells or just taking it easy.

The sand of Gulf Islands National Seashore almost-blindingly white. The beaches here are like a bar of Ivory soap, 99.4 percent pure quartz crystal. The bleached

mineral is the result of thousands of years of erosion of the Appalachian Mountains and nature carrying its remnants down rivers and streams around the south,

eventually powdering the shorelines of Florida’s Panhandle.

The Seashore provides endless opportunity for solitude and relaxation and miles of unobstructed views and access to the Gulf. A short hike, bike ride, or kayak trip

always ensures a swath of beach, sans humans. Even without people, you are never truly alone. An abundant ecosystem of marine and terrestrial wildlife surrounds

you. Osprey and great blue herons are often overhead, their huge nests visible in the treetops. Dolphins, sea turtles and rays are commonly spotted swimming near

the shore in the crystal-clear waters. And at varying seasons throughout the year, the Seashore provides a nesting and hatching ground for shorebirds - like the

beautiful black skimmers and tiny least terns – and sea turtles, particularly loggerheads.

For adventure seekers, the Seashore offers a wide range of recreational activities including snorkeling, kayaking, boating, fishing, wildlife viewing, biking, camping,

fort tours, ranger-led programs and more. Launch your kayak from one of several oceanside parking lots and make your own itinerary. Watch for the gopher tortoise,

Atlantic bottlenose dolphin, and more than 300 bird species. Snorkel to see sand dollars, starfish, crabs and fish. Join a ranger-led nature tour to explore life in the

brackish marshes or hidden in the shade of tall pines and gnarled live oaks.

For history buffs, the Seashore offers a unique look into the military significance of Pensacola going back before the American Revolution. Explore three forts

designed to fortify Pensacola Harbor – Fort Pickens, Fort Barrancas and Fort McRee —all are included within the Gulf Islands National Seashore and administered

by the National Park Service.

GULF ISLAND NATIONAL SEASHORE, FL

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Pensacola TallahasseeJacksonville

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2017 Est. Labor Population Age 16 Years or Over 5,934 43,067 95,806

2017 Est. Civilian Employed 55.0% 55.0% 53.3%

2017 Est. Civilian Unemployed 1.7% 2.3% 2.6%

2017 Est. in Armed Forces 3.5% 2.0% 4.0%

2017 Est. not in Labor Force 39.9% 40.8% 40.1%

2017 Labor Force Males 47.1% 47.1% 47.5%

2017 Labor Force Females 52.9% 52.9% 52.5%

2010 Occupation: Population Age 16 Years or Over 3,263 23,652 51,243

2010 Mgmt, Business, & Financial Operations 11.1% 9.2% 9.0%

2010 Professional, Related 19.2% 17.5% 16.4%

2010 Service 17.7% 21.8% 25.4%

2010 Sales, Office 35.1% 33.4% 30.8%

2010 Farming, Fishing, Forestry 0.5% 0.5% 0.5%

2010 Construction, Extraction, Maintenance 6.9% 7.9% 7.8%

2010 Production, Transport, Material Moving 9.5% 9.6% 10.2%

2010 White Collar Workers 65.4% 60.2% 56.2%

2010 Blue Collar Workers 34.6% 39.8% 43.8%

2010 Drive to Work Alone 79.0% 78.3% 74.3%

2010 Drive to Work in Carpool 11.7% 11.0% 10.5%

2010 Travel to Work by Public Transportation 0.4% 1.2% 1.1%

2010 Drive to Work on Motorcycle 0.2% 0.1% 0.2%

2010 Walk or Bicycle to Work 1.1% 2.1% 3.0%

2010 Other Means 0.5% 1.1% 1.0%

2010 Work at Home 7.1% 6.2% 10.0%

2010 Travel to Work in 14 Minutes or Less 23.2% 22.8% 24.4%

2010 Travel to Work in 15 to 29 Minutes 58.9% 60.1% 57.5%

2010 Travel to Work in 30 to 59 Minutes 16.8% 15.4% 13.7%

2010 Travel to Work in 60 Minutes or More 2.8% 2.4% 2.7%

2010 Average Travel Time to Work 20.0 19.3 18.0

2017 Est. Total Household Expenditure $140 M $1.06 B $2.20 B

2017 Est. Apparel $4.86 M $36.7 M $75.9 M

2017 Est. Contributions, Gifts $8.79 M $66.0 M $135 M

2017 Est. Education, Reading $4.81 M $36.5 M $74.9 M

2017 Est. Entertainment $7.82 M $58.9 M $122 M

2017 Est. Food, Beverages, Tobacco $22.0 M $166 M $346 M

2017 Est. Furnishings, Equipment $4.72 M $35.5 M $72.5 M

2017 Est. Health Care, Insurance $12.7 M $95.7 M $200 M

2017 Est. Household Operations, Shelter, Utilities $43.3 M $328 M $681 M

2017 Est. Miscellaneous Expenses $2.12 M $16.0 M $33.3 M

2017 Est. Personal Care $1.83 M $13.8 M $28.6 M

2017 Est. Transportation $27.4 M $206 M $426 M

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4511 Saufley Field Rd1 mi radius 3 mi radius 5 mi radius

Pensacola, FL 32526

2017 Estimated Population 7,485 54,691 120,840

2022 Projected Population 7,813 58,397 129,557

2010 Census Population 7,314 53,065 119,532

2000 Census Population 6,780 50,017 117,962

Projected Annual Growth 2017 to 2022 0.9% 1.4% 1.4%

Historical Annual Growth 2000 to 2017 0.6% 0.5% 0.1%

2017 Estimated Households 2,990 21,785 48,418

2022 Projected Households 3,054 22,760 50,877

2010 Census Households 2,854 20,426 44,930

2000 Census Households 2,613 18,874 43,320

Projected Annual Growth 2017 to 2022 0.4% 0.9% 1.0%

Historical Annual Growth 2000 to 2017 0.9% 0.9% 0.7%

2017 Est. Population Under 10 Years 13.2% 13.9% 13.8%

2017 Est. Population 10 to 19 Years 12.3% 12.6% 12.6%

2017 Est. Population 20 to 29 Years 13.8% 14.2% 15.7%

2017 Est. Population 30 to 44 Years 18.9% 18.2% 17.9%

2017 Est. Population 45 to 59 Years 19.2% 18.7% 18.1%

2017 Est. Population 60 to 74 Years 17.2% 16.3% 15.6%

2017 Est. Population 75 Years or Over 5.4% 6.2% 6.4%

2017 Est. Median Age 36.9 36.4 35.7

2017 Est. Male Population 47.6% 47.8% 48.2%

2017 Est. Female Population 52.4% 52.2% 51.8%

2017 Est. Never Married 28.9% 31.8% 36.7%

2017 Est. Now Married 37.8% 37.7% 32.5%

2017 Est. Separated or Divorced 23.6% 21.3% 21.7%

2017 Est. Widowed 9.7% 9.3% 9.1%

2017 Est. HH Income $200,000 or More 1.1% 1.3% 1.0%

2017 Est. HH Income $150,000 to $199,999 3.3% 2.3% 2.1%

2017 Est. HH Income $100,000 to $149,999 8.6% 8.7% 7.5%

2017 Est. HH Income $75,000 to $99,999 14.9% 13.3% 11.5%

2017 Est. HH Income $50,000 to $74,999 25.9% 23.7% 20.2%

2017 Est. HH Income $35,000 to $49,999 18.4% 19.1% 19.6%

2017 Est. HH Income $25,000 to $34,999 11.8% 13.2% 14.2%

2017 Est. HH Income $15,000 to $24,999 9.5% 9.3% 12.0%

2017 Est. HH Income Under $15,000 6.5% 8.9% 11.8%

2017 Est. Average Household Income $55,728 $58,996 $53,138

2017 Est. Median Household Income $52,491 $50,526 $45,407

2017 Est. Per Capita Income $22,264 $23,574 $21,601

2017 Est. Total Businesses 200 1,043 4,559

2017 Est. Total Employees 1,773 9,755 59,802

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4511 Saufley Field Rd1 mi radius 3 mi radius 5 mi radius

Pensacola, FL 32526

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