fort myers, florida...gctc features an unrivaled tenant lineup with a superior and diversified...

F O R T M Y E R S , F L O R I D A

BEN HILL GRIFFIN PKWYBEN HILL GRIFFIN PKWY

ALICO RD

ALICO RD

75 ALICO RD

ALICO RD

OVERVIEW 3

LOCATION HIGHLIGHTS 4

AREA GROWTH 6

TOURISM DRAW 8

EMPLOYMENT / EDUCATION 9

PROPERTY PHOTOS 10

ANCHOR TENANTS 18

SITE PLAN 20

DEMOGRAPHICS 23

TABLE OFCONTENTS

BEN HIL

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ALICO RD ALICO RD

UNIVERSITY PLAZA DRUNIVERSITY PLAZA DR

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UNIVERSITY PLAZA DRUNIVERSITY PLAZA DR

75

#1 GATED COMMUNITY IN THE U.S.PRICING: $1 MILLION - $7 MILLION

CenterPlace

14,600 Students

SAN CARLOSPARK

1,950 Planned Residential UnitsPhase-1 under construction 84,500 VPD

27,924 VPD

25,3

32 V

PD

OVERVIEWGulf Coast Town Center (“GCTC”) is a 1.3 Million SF market-dominant, super-regional, open-air shopping destination strategically positioned at the intersection of I-75 and Alico Rd in Southwest Florida’s main growth corridor. GCTC boasts ~1 mile of frontage along I-75 with combined traffic counts on the roadways surrounding the property of ~140,000 VPD.

GCTC features an unrivaled tenant lineup with a superior and diversified tenancy that draws customers from as far as 50 miles and features the only Bass Pro Shops in Southwest Florida in addition to Costco, Super Target, Regal Cinemas, and numerous top-tier national retailers and restaurants.

With nearly 2 million sf of retail/ commercial space and 5 hotels, the intersection of I-75 and Alico road represents the top commercial “node” for all of Southwest Florida.

3GULF COAST TOWN CENTER

THE MARKET-DOMINANT, SUPER-REGIONAL, OPEN-AIR SHOPPING DESTINATION...

STRATEGICALLY LOCATED IN THE TOP COMMERCIAL NODE FOR ALL OF SW FLORIDA

5 M

iles

10 M

iles

15 M

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CAPE CORAL

ALVA

LEHIGH ACRES

FORT MYERS

SANIBEL

CenterPlace1,950 PlannedResideltial Units

IONA

ESTERO

BONITA SPRINGS

75

75

75

75

75

CenterPlace

GULF COAST TOWN CENTER

PLANNEDRESIDENTIAL

PLANNEDRESIDENTIAL

1,950 PlannedResideltial Units

MIROMAR LAKES

1,100 Units

LOCATIONHIGHLIGHTS

• GCTC is located in the center of Southwest Florida’s main growth corridor and serves a trade area of over 700,000 within the Ft. Myers – Cape Coral Metropolitan Area (“SW FL MSA”).

• The property is highly visible from I-75 (with over 1 mile of frontage), which connects SW Florida to Miami and Tampa .

• GCTC is easily accessed via 5 ingress/egress points including two signalized intersections.

• The population within 15 miles of GCTC is 569,000 residents, and is projected to grow by over 45,000 (8.0%) by 2021.

• The site serves a daytime employment population of nearly 200,000 people.

4 NORTH AMERICAN DEVELOPMENT GROUP 5GULF COAST TOWN CENTER

OVER 1 MILE OF FRONTAGE ALONG I-75

10 M

iles

MIROMAR LAKES

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SAN CARLOS PARK

CAPE CORAL

ALVA

LEHIGH ACRES

FORT MYERS

SANIBEL

IONA

BONITA SPRINGS

75

75

75

75

75

1

2

3 4

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6

78

9

10

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13

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1516

17

1819

20

21222324

2527

28

29

30

31 32 34

35

39

40

42

43

44 45

4647

4849

41

383736

33

26

# Community Existing Homes

Planned/Under

Construction

Total Average Price

1 Center Place 0 1950 1950 N/A

2 Miromar Lakes 157 73 230 $1,771,414

3 Corkscrew Shores 97 484 581 $408,123

4 The Place 0 1300 1300 N/A

5 Pen Terra Holdings 0 1400 1400 N/A

6 Wild Wood Preserve 0 47 47 N/A

7 Peacock Farms 0 100 100 $312,278

8 Serrano 12 35 47 $219,999

9 Natura Bonita at Fairways 0 204 204 N/A

10 Cordera (Townhomes) 18 120 138 $259,323

11 Bonita Lakes 155 113 268 $454,579

12 Brooks/Shadow Wood 129 94 223 $578,386

13 Estero Place 20 82 102 $350,390

14 Corkscrew Crossings 0 586 586 N/A

15 Copper Oaks/ TownVillas 113 50 163 N/A

16 Estero on the River 0 530 530 $350,390

17 West Bay Club 237 39 276 N/A

18 Pineland Preserve 0 47 47 N/A

19 Hideaway Cove 0 64 64 N/A

20 Greenwood Villas 0 55 55 N/A

21 Hidden Harbor 0 72 72 $574,101

22 Coves of Estero Bay 0 214 214 $307,390

23 Coastal Key 40 72 112 $316,673

24 Villas at Oasis Key 0 62 62 N/A

25 Villa Medici (Townhomes) 91 112 203 $206,990

26 Reflection Shores 0 296 296 N/A

27 Mirada 0 98 98 N/A

28 Sunset Falls 0 633 633 N/A

29 Heritage Isles 0 440 440 N/A

30 Wild Blue 0 1400 1400 N/A

31 Riverside Avenue Villas 0 46 46 N/A

32 Summerlin Place (Townhomes) 18 88 106 $219,999

33 Timberwood Preserve 1 42 43 $282,847

34 Freshman Daniels 0 84 84 N/A

35 Renaissance 216 47 263 $818,490

36 Camden Square 1 95 96 $315,157

37 Villas at Penzance 0 45 45 N/A38 Cypress Walk 0 114 114 $305,790

39 Paseo/Esperanza 180 76 256 $384,134

40 Reflection Isles 292 87 379 $349,963

41 Westwood Place 0 189 189 $450,99042 Watermark 71 183 254 $254,101

43 Lindsford 88 1384 1472 $249,365

44 Pelican Preserve 720 189 909 $312,278

45 Gateway/Hampton Park 92 331 423 $325,704

46 Arborwood Preserve 0 405 405 N/A

47 Bridgetown 201 582 783 $283,323

48 Plantation/Somerset 481 568 1049 $372,594

49 Marina Bay 18 347 365 $341,852

TOTAL 15,674 19,122

Shaded projects exceed 500 units planned or in development.

APPROVED FUTURE RESIDENTIAL

AREA GROWTH

• ~16,000 homes are being developed within 10 miles of the property with over 10,000 being developed within 1 mile of the property or east of I-75 which represents over 23,000 new captive shoppers for GCTC.

• Southwest Florida ranks #1 Nationally in projected population growth from 2016 – 2031.Source: Moody’s

Analytics

• Southwest Florida ranks #2 Nationally in projected job growth from 2016-2031.

Source: Moody’s Analytics

• Lee County ranked #5 Nationally in percentage increase in employment in 2015.

Source: Beureau of Labour Statistics

• Southwest Florida has experienced a 58% population growth since 2000 and 108% since 1990.

7GULF COAST TOWN CENTER

LOCATED AT THE EPICENTER OF SOUTHWEST FLORIDA’S GROWTH

EMPLOYMENT / EDUCATIONThe SW FL MSA has an extremely healthy business environment featuring low business costs and a cur-rent unemployment rate of 4.3%.

The Hertz Corporation, the largest rental car com-pany in the U.S., relocated its International Head-quarters 4.9 miles south of GCTC in 2016.

Chico’s is based in Ft. Myer’s, and recently expanded its Headquarters and added 150 new jobs. Florida Gulf Coast University (“FGCU”) has 14,600 students and 1300 staff members and is 1 mile south of the property. FGCU is the fastest growing university in the Southern U.S. and is projected to grow to 24,000 students within the next 10 years.

TOURISM DRAWLee County hosted an estimated 4.9 million visitors in 2015, representing significant tourist and seasonal traffic not otherwise captured in demographic data.

The population of the surrounding area increases by as much as 33% above listed demographics between November and April.

Southwest Florida International Airport, which serves 8.4 Million passengers annually, is 3 miles to the northeast and GCTC is a frequent first stop for area visitors.


PROJECT IMPROVEMENTS


ANCHORTENANTS

RESTAURANTS


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4,674 S.F.

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7,200 S.F.

2,962 S.F.

852 S.F.

3,680 S.F.

4,047 S.F.

6,846 S.F.

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7,340 S.F.

4,532 S.F.

5,574 S.F.

7,000 S.F.

1,200 S.F.

2,653 S.F.

1,239 S.F.

ROCKETFIZZ

2,3

45

S.F.

THE VILLAGE AT84,500 VPD

27,924

VP

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25,332 VPD

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SITE PLAN


Golf Coast Town Center 0-5 MI % 0-10 MI % 0-15 MI %

Population

2026 Forecast 84,580 355,719 737,038

2021 Projection 75,425 314,599 657,241

2016 Estimate 66,511 274,020 581,326

Growth 2026-2021 12.14% 13.07% 12.14%

Growth 2021-2016 13.40% 14.81% 13.06%

Households

2026 Forecast 35,878 154,774 313,110

2021 Projection 31,780 136,891 279,521

2016 Estimate 27,748 119,462 248,024

Growth 2026-2021 12.90% 13.06% 12.02%

Growth 2021-2016 14.53% 14.59% 12.70%

Est. HHs by HH Income 27,748 119,462 248,024

Less than $10,000 1,203 4% 6,375 5% 15,163 6%

$10,000 to $14,999 783 3% 5,000 4% 11,862 5%

$15,000 to $19,999 1,174 4% 5,742 5% 13,233 5%

$20,000 to $24,999 1,278 5% 5,864 5% 14,208 6%

$25,000 to $29,999 1,331 5% 6,472 5% 14,344 6%

$30,000 to $34,999 1,484 5% 6,576 6% 13,936 6%

$35,000 to $39,999 1,433 5% 6,649 6% 13,327 5%

$40,000 to $44,999 1,192 4% 5,956 5% 12,500 5%

$45,000 to $49,999 1,205 4% 5,760 5% 11,746 5%

$50,000 to $54,999 1,116 4% 5,389 5% 11,015 4%

$55,000 to $59,999 1,092 4% 4,753 4% 10,101 4%

$60,000 to $64,999 1,101 4% 4,464 4% 9,436 4%

$65,000 to $69,999 1,006 4% 4,137 3% 8,500 3%

$70,000 to $74,999 932 3% 3,763 3% 7,766 3%

$75,000 to $79,999 861 3% 3,477 3% 6,960 3%

$80,000 to $84,999 809 3% 3,164 3% 6,271 3%

$85,000 to $89,999 779 3% 2,963 2% 5,847 2%

$90,000 to $94,999 725 3% 2,743 2% 5,384 2%

$95,000 to $99,999 656 2% 2,450 2% 4,867 2%

$100,000 to $124,999 2,550 9% 9,304 8% 18,061 7%

$125,000 to $149,999 1,667 6% 6,015 5% 11,083 4%

$150,000 to $174,999 1,136 4% 4,116 3% 7,071 3%

$175,000 to $199,999 873 3% 3,761 3% 6,869 3%

$200,000 to $249,999 547 2% 1,830 2% 3,394 1%

$250,000 and above 818 3% 2,737 2% 5,081 2%

Median Household Income $62,653 $54,952 $51,676

Average Household Income $82,849 $77,661 $73,620

5 M

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10 M

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15 M

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CAPE CORAL

ALVA

LEHIGH ACRES

FORT MYERS

SANIBEL

IONA

ESTERO

BONITA SPRINGS

75

75

75

75

75

DEMOGRAPHICS


400 Clematis Street · Suite 201 · West Palm Beach, Florida · 33401 T 561 578 8700 F 561 598 6612

www.nadg.com

www.gulfcoasttowncenter.com

fort myers, florida...gctc features an unrivaled tenant lineup with a superior and diversified...

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