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Mercury New Media, Inc.
Panama City, FL
Franklin Street presents this Panera Bread ground lease in Panama City, Florida. Panama City is a major tourist beach destination with over 11 million visitors annually. Adjacent to the subject property is a 50,854-SF retail center anchored by Best Buy. Panera Bread is an outparcel of the Panama City Mall, a 600,000+ SF enclosed regional mall with anchors including: Planet Fitness, Dillard’s, and JCPenney. The mall was significantly damaged in Hurricane Michael and now has plans to be redeveloped into an experiential shopping destination in Panama City, east of the Hathaway Bridge. Business Facilities magazine ranks Panama City as the #1 Metro Area for Economic Growth Potential for communities with a population of less than 200,000. Panama City is also home to Port Panama City, Tyndall Air Force Base, the U.S. Navy’s Naval Support Activity Base and Gulf Coast State College, which combined employ well over 10,000 people.
• Panera Bread Ground Lease with 10+ Years Remaining• Largest Fast-Casual Chain in the Country• Outparcel to the Panama City Mall• Excellent visibility on 23rd St: 34,000 VPD• Over 107,000 Residents within 10 Minutes of the Property• 11 Million Tourists Visit the Area Annually• Panera Bread Boasts "2,000 bakery-cafés" Employing 50,000+ Associates• 10+ Years of operating history on this site• Panera is renovating their store to their new prototype
Pompano Beach, FL
St Petersburg, FL
• 100% Occupied Investment with Long Term Residents• 80% of Kitchens & Bathrooms Were Renovated• Immediate Opportunity To Raise Rents 9%• Value-Add Through Additional Interior Renovations to Achieve a 20% Upside in Rents• New Water Heaters, Commercial Grade Doors, Impact Resistant Windows• Ease of Access to I-95, Sheridan St., Dixie Hwy & Federal Hwy./US-1• Close proximity to South Broward High School, Hollywood Beach Golf Club, West Lake Park & Hollywood North Beach• Conveniently Located Near National Credited Retailers, Grocery Stores, Dinning & Major Employers• Minutes from Downtown Hollywood, Young Circle Park, Fort Lauderdale-Hollywood International Airport, Port Everglades, DaniaPointe Shops & the World-Famous Hollywood Beach Boardwalk• Nearby $1.65 Billion Planned Real Estate Development for the City of Hollywood & Multiple CRA Districts within the City Core
Lee Street Apartments is a 12-unit, multifamily property located in the heart of Hollywood, Florida, which is in east Broward County. The property was built in 1967 of reinforced concrete, with hip and gable roofs and sits on a corner lot with approximately 0.37-acres of land.The property is located at 1958 Liberty (Lee) Street, south of Sheridan St., east of Dixie Hwy., and west of US-1 in the Royal Poineciana neighborhood, a highly desirable rental market in Hollywood. The investment consists of two single story buildings comprised of (12) spacious one-bedroom & one-bathroom apartments totaling approximately 7,200 RSF. All units offer open floor plans, fully equipped kitchens, air-conditioning units, tiled floors throughout and impact resistant windows. On-site amenities include owner owned coin operated laundry for additional income, lush landscaped common area courtyard for great curb appeal, plus ample parking for residents and their guests.Lee Street Apartments offers an investor the opportunity to purchase a stabilized property, that's impeccably maintained and 100% occupied with long term residents who are paying well-below market rents.The investment is generating solid cash flow with immediate opportunity to raise rents conservatively 9% day one of acquisition. In addition, a new owner can implement an interior upgrade program and substantially increase the underlying value of the asset approximately 20%. As result, the new owner can expect a double digit cash on cash return within 18 months of acquisition.
Fort Lauderdale, FL
• 100% Occupied Apartments With 25% Upside in Rents• Desirable Unit Mix of Mostly One- and Two-Bedroom Floorplans• Located One Block West of US-1 and Just Minutes to the Beach• Property is Surrounded by Major Retailers and Restaurants• Ease of Access to I-95, Commercial Blvd, US 1 and N Ocean Dr
The investment opportunity consists of a highly attractive unit mix of (2) studio units (9) one-bedroom & one-bath units and (3) two-bedroom & two-bath units, totaling approximately 8,398 RSF. Water, sewer and trash are included in the rent. Residents pay for electric, cable and telephone. The property boasts central a/c, on-site laundry and ample parking for tenants and guests. The owners have positively impacted the condition of the building through capital expense in excess of $75,000 which includes major plumbing updates, a new roof, paint and upgrades to central a/c.
Fort Oglethorpe, GA
Franklin Street is pleased to present Battlefield Centre in Fort Oglethorpe, Georgia. Fort Oglethorpe is located just south of the Tennessee border in Georgia, and is part of the Chattanooga MSA. The Chattanooga MSA includes 500,000 residents and is the fourth largest in Tennessee. Battlefield Centre is made up of a diverse tenant mix servicing discount retailers including: Tractor Supply, Aaron's, Hamrick's, Planet Fitness, Dirt Cheap, GNC, and H&R Block. The property is located on the main retail thoroughfare for Fort Oglethorpe with 34,930 VPD passing by the center. Neighboring retail centers have strong synergy driving traffic to Battlefield Parkway with names such as: Publix, Walmart, Lowes, Home Depot, Michael's, and Hobby Lobby. Battlefield Centre offers an investor an opportunity to acquire a center below replacement value with strong upside possibilities through leasing and potential development of a prime outparcel on Battlefield Parkway. The area has continued to see strong business and population growth.
--214,409 SF Retail center in the Chattanooga MSA--Diverse mix of national and regional tenants including: Tractor Supply, Hamrick's, Dirt Cheap, Planet Fitness, and Aaron's--Upside through leasing remaining space and developing outparcel: 88% occupied--Heavily traveled corridor: 34,930 VPD on Battlefield Parkway--Surrounded by national retailers including: Publix, Walmart, Home Depot, Lowes, Hobby Lobby, and Marshalls--120,000 residents within 10-minute drive--Available below replacement cost
• Value add opportunity with the ability to increase rents 25%• Each unit comes with its own front porch overlooking a lush courtyard• Located in the highly sought after Coral Ridge Isles neighborhood minutes from the beach• Surrounded by major highways such as Commercial Blvd, Dixie Hwy and US Federal Hwy 1• The property sits blocks from Commercial Blvd which provides easy access to to Dixie Hwy, US Federal Hwy I95 and Florida’s Turnpike• In walking distance from major retailers, grocery stores, and local restaurants• The area caters to annual rentals as well as Airbnb due to its premium location and close proximity to beach
Villas On 18th is an 8-unit multifamily community located in the heart of the Coral Ridge Isles submarket in Fort Lauderdale, Florida, which is in Broward County. The investment opportunity consists of a highly attractive unit mix of (2) studio, (4) one-bedroom & one-bathroom, and (2) two-bedroom & one-bathroom units, totaling approximately 5,350 RSF. The property boasts amenities such as ample parking, front porches, and a lush courtyard. Residents pay electric, cable and telephone. Water and trash are included in the rent.The subject property was built in 1962 using reinforced concrete block construction with painted stucco exterior and is situated on 0.49 acres of land. Villas On 18th offers an investor the opportunity to purchase an unbelievably located, value-addproperty in the heart of one of the hottest markets in Florida.