VALUE-ADD RETAIL CENTER!€¦ · Sale Price: $12,307,620 Price / SF: $60.00 Lot Size: 20.01 ACRES...

Dreyer & Associates Real Estate Group - Commercial Division

801 Dixon Blvd, Cocoa, FL 32922

Byrd Plaza Shopping Center

Dreyer & Associates1920 Highway A1A

Indian Harbor Beach, FL 32937www.dreyercommercial.com

Contact:

Michael Dreyer, CCIM, [email protected]

Scot Marschang321.773.1480Cell: [email protected]

VALUE-ADD RETAIL CENTER!Brevard County, Florida

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility toindependently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimated uses are for example only and do not represent the current or future performance of the property. The value of thistransaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful independent investigation of the property for your needs.The information provided is subject to change without notice. Dreyer & Associates Real Estate Group assumes no responsibility for any errors, omissions, or changes.



PROPERTY HIGHLIGHTS

• Value Add Opportunity!

• Enjoy an existing revenue stream from such well-known tenants as Big Lots,Tractor Supply Company, Dollar General, Rent A Center, Citi Trends and Subway,to name a few.

• Outparcel Development Opportunities

• Eastern Florida State College with a student population of 25,000 is about onemile west of Byrd Plaza.

• Ample parking with over 1,200 spaces

Byrd Plaza Shopping Center is centrally located in Brevard County in the City ofCocoa, FL. The Plaza fronts both Dixon Boulevard to the north and US 1 to the eastwhich is a major N/S artery that connects with SR 520 about 1.5 miles to the south,providing easy access to Merritt Island, Cocoa Beach and Interstate 95. SR 528 liesapproximately 2 miles to the north and provides easy access to Port Canaveral andInterstate 95. The property is about 20 to 25 minutes from Kennedy Space Centerto the north and Orlando/Melbourne International Airport to the south. OrlandoInternational Airport is approximately 45 minutes to 1 hour to the west andaccessed via State Road 528.

LOCATION OVERVIEW

OFFERING SUMMARY

Sale Price: $12,307,620

Price / SF: $60.00

Lot Size: 20.01 ACRES

Year Built: 1958

Building Size: 205,127 SF

Zoning: CP - COMMERCIALCity of Cocoa

Traffic Count: Dixon Blvd: 11,260US 1: 30,090


FOR SALE

Retail Center Executive Summary

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FOR SALE

Community Center Additional Photos

PROPERTY HIGHLIGHTS• In Fiscal Year 2017 (October 1, 2016 thru September 30,

2017), the City of Cocoa welcomed 183 new businessescreating approximately 215 new full-time jobs. Below is asnapshot of new and expanding businesses in Cocoa duringthe last fiscal year.

• TIME OUT SPORTS BAR PLUS: Time Out employsapproximately 45 people with plans to hire more in thecoming year. The owners also have plans to expand with abanquet and event space behind the main dining room and atiki bar.

• CRYDERMANS BARBEQUE: Opened in July 2017, the former1930's era-gas station at 401 Florida Avenue is home to someof the finest American BBQ around. The owners chose CocoaVillage because of its history and character.

• ERDMAN NISSAN & TOYOTA: A groundbreaking ceremonywas held in August by the Erdman Automotive Group, on a35 acre site west of 1-95 on SR 520 for the new home of theMike Erdman Nissan, Mike Erdman Toyota, and Erdman Pre-Owned. The expansion includes 160,000 SF of buildings andan investment of nearly $30 million in new construction,machinery and equipment. The expansion will create over100 new jobs in Cocoa and is expected to be complete inearly 2018.

• WAWA: The City of Cocoa is excited to announce the arrivalof Wawa. A grand opening celebration was held onDecember 19, 2017.

• CLEARLAKE ISLES: Clearlake Isles is Cocoa's newestaffordable 55+ apartment community offering 84 one andtwo bedroom rentals with spacious interiors, fully equippedenergy efficient kitchens and lots of storage.

• DOLLAR GENERAL: A Dollar General was constructed at 906Barbara Jenkins and the intersection of Fiske Boulevard.

• ROCKET CRAFTERS: In August 2017, Cocoa City Councilapproved Ordinance 10-2017, amending the Manufacturingand Industrial District (M2) to provide for outdoor propulsiontesting facilities as a Special Exception use.

• FLYING J TRAVEL CENTER: In August 2017, a ribbon cuttingceremony was held at the new 13,600 SF Cocoa Pilot Flying JTravel Center, it's first Brevard County operation just offInterstate 95, along State Road 524. The Flying J TravelCenter, which employs more than 100 people, is farexceeding expectations and is projected to contribute $3.9million annually in state and local tax revenues.

• SHOPPES AT COCOA NORTH: More retailers can be expectedin Cocoa in 2018. The Shoppes at Cocoa North located at2320 HWY 524, formerly home to Winn Dixie, was acquired inlate 2016 by project lead Sooner Investment out ofMelbourne, partnered by Collett out of Charlotte, NorthCarolina. The Shoppes at Cocoa North boast over 70,000 SFof available retail space along a growing commercial corridor.

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COCOA ECONOMIC DEVELOPMENT

Retail Center Complete Highlights

PROPERTY HIGHLIGHTS• WALMART DISTRIBUTION CENTER: In August 2017, Walmart broke

ground to build a state of the art regional distribution facility on a132 acre site off of SR 524 and 1-95 in Cocoa. Walmart is investing$148 million to build and equip the 460,000-square-footdistribution center and refrigerated warehouse.

• DUNKIN DONUTS: A new retail plaza is under construction at 2681Clearlake Road, the intersection of Otterbein Avenue and ClearlakeRoad. Occupancy is being sought by early 2018.

• LAKESIDE PALMS SUBDIVISION: A Preliminary SubdivisionPlan, has been submitted by Lakeside Palms LLC, forLakeside Palms, initially an approximate 100 single familyhome housing development situated on a 26.28 acre site,that could grow to more than 300 homes.

• SEADEK: After years of growth, and employing roughly 130people at its headquarters in Rockledge, Hyperform Inc.parent company of SeaDek, acquired property in Cocoa at951Greensboro Road to expand its manufacturingoperations, purchasing a 60,000 square foot facility, on 9acres of land, located in the Cocoa Grissom Industrial Parkarea, adjacent to SR 528.

• Local businesses include: Walmart, Mike Erdman Auto Sales,Space Coast Honda, Sam’s Club, Space Coast Honda,Camping World of Cocoa. Other local places of interestinclude Eastern Florida State College Cocoa Campus, BrevardHumane Society and historic downtown Cocoa Village. CocoaVillage is just minutes away, boasting community events,eateries, and quaint shopping areas.

• North of Cocoa, Titusville is also a burgeoning commercialarea. In this locale, surrounding employers include: Boeing,United Launch Alliance USA, Lockheed Martin/Astrotech,Orbital ATK, Embraer Aero Seating Technologies, EcklerCorporation, Knight Armament, Bristow Academy, SpaceCoast Regional Airport, Kennedy Space Center, Blue Origin,OneWeb, Firefly, Spacex and Sierra Nevada Corporation.

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COCOA ECONOMIC DEVELOPMENT

Retail Center Complete Highlights

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Retail Center Additional Photos

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Retail Center Location Maps

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* Demographic data derived from 2010 US Census

POPULATION 1 MILE 3 MILES 5 MILESTOTAL POPULATION 6,474 37,246 81,306MEDIAN AGE 37.2 40.5 42.5MEDIAN AGE (MALE) 34.9 38.7 41.4MEDIAN AGE (FEMALE) 38.0 42.2 43.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTOTAL HOUSEHOLDS 2,821 15,875 33,356# OF PERSONS PER HH 2.3 2.3 2.4AVERAGE HH INCOME $40,096 $49,220 $60,208AVERAGE HOUSE VALUE $197,217 $180,159 $218,953


FOR SALE

Retail Center Demographics Map

VALUE-ADD RETAIL CENTER!€¦ · Sale Price: $12,307,620 Price / SF: $60.00 Lot Size: 20.01 ACRES...

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