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4430 GLENFORD BLVD, FORT MYERS, FL 33966 PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER FOR INFORMATION CONTACT Phil Fischler 239.895.1060 pjf@fischlerco.com 2310 FIRST STREET, SUITE 210 | FORT MYERS, FL 33901 | WWW.FISCHLERCO.COM
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PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER€¦ · Villas At Venezia 194 360 420 192 95 436 327 266 280 264 192 360 298 238 206 320 442 160 324 384 84 312 96 TOTAL MULTIFAMILY

Jul 25, 2020

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Page 1: PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER€¦ · Villas At Venezia 194 360 420 192 95 436 327 266 280 264 192 360 298 238 206 320 442 160 324 384 84 312 96 TOTAL MULTIFAMILY

4 4 3 0 G L E N F O R D B LV D , F O R T M Y E R S , F L 3 3 9 6 6

PARCEL F-5 AT THE COMMONSAT COLONIAL AND WINKLER

FOR INFORMATION CONTACT

Phil Fischler 239.895.1060 [email protected]

2310 FIRST STREET, SUITE 210 | FORT MYERS, FL 33901 | WWW.FISCHLERCO.COM

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

PROPERTY DESCRIPTION

The subject is strategically positioned in the heart of Lee County’spremiere growth corridor, surrounded by the largest andfastest-growing Class-A apartment development program on record.Over the past five years, apartment inventory has increased by over35% and the pace hasn't slowed (source Costar). Within a 3-mileradius of the subject, as of December 2019, there were 2,673apartment units under construction, and another 3,033 units inpermitting – for a total of 5,706 units in the pipeline, compared to atotal inventory of 20,062 units. The site is cleared with road, utilityand master stormwater infrastructure in place. The property isideally located between the signalized, high-traffic, intersection ofColonial Blvd. / Winkler Ave. and the new Colonial Commonsapartment community. Colonial Blvd. carries 79,000 vehicles per dayand enjoys a full-acres interchange with I-75. Located within thejurisdiction of the City of Fort Myers, the site is zoned CommercialGeneral (CG) and supports a variety of commercial uses that meetthe retail shopping and service needs of the community.

The site is co-located with a number of thriving commercial usesincluding: RaceTrac, All Children’s Specialty Care, Hodges University,Woodspring Suites, Advance Auto Parts, and 7Eleven. The site is also±0.5-mile from one of the region’s largest commercial nodes atColonial Blvd. and Six Mile Cypress Pkwy, that features over 1.5Msquare feet of national retailers and restaurants including Lowe’s,Walmart, Publix, Kohl’s, BJ’s Wholesale, Chili’s, and many others.

PROPERTY HIGHLIGHTS• Record-setting number of new apartments within 3-mi. of the subject.

• 2,099 units under construction; 2,833 in permitting: Totaling 4,932units to be delivered in 2020 and 2021

• Entitled and platted with water and sewer in place and stubbed tothe property line.

• Master stormwater attenuation is provided in the sharedstormwater facility. The purchaser will provide on-sitestormwater pre-treatment

• Internal access roads are in place, all driveway connections toadjacent roads are permitted and complete.

• Cleared and filled with no wetlands

OFFERING SUMMARY

Sale Price: $1,500,000.00; $13.04/SF

Lot Size: 2.64 Acres

Zoning: Commercial General (CG)City of Fort Myers

Future Land Use: Traditional Community (T/C)

4 4 3 0 G L E N F O R D B LV D , F O R T M Y E R S , F L 3 3 9 6 6

PARCEL F-5 AT THE COMMONS ATCOLONIAL AND WINKLER

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

SALE PRICE $1,500,000

PROPERTY INFORMATION

Street Address 4430 Glenford Blvd

City, State, Zip Fort Myers, FL 33966

County Lee

Permitting Jurisdiction City of Fort Myers

Zoning Commercial General (CG)City of Fort Myers

Future Land Use Traditional Community (T/C)

Parcel Size 2.64 Acres

Colonial Blvd. Daily Traffic 79,000 AADT

Max Height 70' or 5-stories

Multi-family Density 25 units per acre

MULTIFAMILYUNDER CONSTRUCTION & IN PERMITTING

Apartments At The ForumArbor GlenColonial GardensCypress Gardens PreserveCypress VillageDecorumEdison ApartmentsEncore ApartmentsGrand Central ApartmentsMarbellaMediterraneaNorthstar ApartmentsOasis At Cypress WoodsPlantation SubdivisionPortofino CoveSprings At ColonialThe Carlton At Fort MyersThe Reef At WinklerThe RobertTown Fort MyersTown Plantation NorthTown Plantation SouthVillas At Venezia

194360420192

95436327266280264192360298238206320442160324384

84312

96

TOTAL MULTIFAMILY UNITS

Under Construction 2,673

Permitting 3.033

Delivered 2020-2021 5,706

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

COMMERCIAL GENERAL ZONING PERMITTED USES

• Assisted living facility

• Banking

• Restaurant

• Call center

• College, University, Trade school

• Daycare center (adult or child), Preschool

• Wet or dry storage of boats

• Health club

• Hotel, Extended stay facility

• Medical (dental, chiropractor, outpatient surgery centers andoffices), Medical or dental laboratory

• Offices (business, professional, financial, governmental oroperational)

• Religious institutions (See 118.3.3.B.2)

• Residential, multifamily (See 118.3.3.A.3)

• Residential, townhouse (See 118.3.3.A.1)

• Research, testing, and development laboratory

• Restaurant/food service establishment, with or without sale ofalcoholic beverages (See 118.3.3.C.1)

• Retail, wholesale or rental store

• Self-storage

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

ECONOMIC DRIVERS

Driven largely by the tourism industry, Southwest Florida international airport offers nonstop service throughout North America, Europe andthe Caribbean ranking among the nations 50 busiest airports and hosted 8.6 million passengers during the 2017 calendar year, 4.8 million ofwhich were visitors. This accounted for an estimated $3 billion in visitor expenditures. Additionally, this industry contributes heavily to theretail trade and hospitality sectors, as the visitors staying in paid accommodations were responsible for approximately 65% of the total visitorexpenditures in 2016. As tourist expenditures have continued to increase year-over-year, with a marked increase of 20.6% since 2009, thevast economic impact created has served to be the foundation for the city’s growing local business populace. Additionally, the tourismindustry employs roughly 20% of the county’s workforce, allowing over $23 million to be generated through the Tourist Tax collection, whichaids in funding public necessities like schools, transportation, museums, and other such offerings that allow for the continued development ofarea tourism and the further well-being of Lee County residents. Source Costar.

AREA ECONOMY

Fort Myers continues to ride a wave a strong population and job growth, correlating with a robust leisure and hospitality industry. Educationand health services also account for a big segment of the economy. Outside of government employers, top employers include Lee MemorialHealth System and Fort Myers-based Chico’s FAS at 10,900 and 1,600 employees respectively. As such, the Lee Health board of directorsapproved a $306 million expansion for the Gulf Coast Medical Center. The project is expected to bring in both temporary construction jobsand long-term healthcare job growth to the Fort Myers area. Strong demographic factors and a business-friendly environment have landedFort Myers a handful of job expansions in recent years. Research and advisory firm-Gartner, Inc. has its second-largest location in Fort Myerswith 1,200 employees. Gartner, Inc. is looking to expand their workforce by 900 employees by 2022 in a new campus. Additionally, in a moveperhaps reflective of Fort Myers' overall appeal, Hertz moved its global headquarters to Estero in October 2015, bringing about 650 jobs tothe metro. Since opening its doors in 1997, Florida Gulf Coast University (FGCU) has increasingly grown both in enrollment and its economicpresence in Southwest Florida. The enrollment has grown to just over 15,000 students, and the university has become well-known for itsenvironmental forensics program. FGCU also is the ninth-largest employer in Fort Myers with over 4,200 employees. The university has asignificant impact, not just on Fort Myers but also nearby metros, as nearly 60% of FGCU alumni remain in SW Florida upon graduation. Themetro is served by the regions’ signature airport, Southwest Florida International Airport, which serves over 9 million passengers a year.Several major state highways crisscross the metro, with Tamiami Trial as Fort Myers’ main north-south arterial highway. Interstate 75connects the metro to Tampa and nearby Naples. Outside of Tamiami Trail, I-75 is the only other highway that connects Southwest Florida tothe Miami metropolitan area. Source CoStar

RETAIL MARKET SUMMARY

The Fort Myers retail market is the largest in Southwest Florida and is driven by the region's strong tourism industry and high populationgrowth rates (3 times the national average). The metro tends to see the largest amount of activity in the restaurant sector, with numerousopenings, closing, and expansions as entrepreneurs attempt to capitalize on the increase in the tourism sector. Fort Myers' retail investmentmarket activity continues to be the shining strength and perhaps unsung star of all property types. Investors have preferred retail investmentsin Fort Myers over all other property types for thirteen consecutive years. This is remarkable given the success of the multifamily andindustrial sectors in nearly all U.S. and Florida markets over the past five years and speaks to investor confidence in Fort Myers retail. Salesvolume reached an all-time high in 2019 with just shy of $440 million. Source CoStar

MULTIFAMILY MARKET SUMMARY

Over the past five years, inventory has increased by over 35% and the pace hasn't slowed in 2019, with roughly 3,000 units underway. Theelevated supply has strained demand, with the average market vacancy rising by roughly 600 basis points since the supply wave kicked off.Vacancies have slipped into double-digits in 2019, though net absorption levels are still quite high, buoyed by Fort Myers' strong populationand job growth, both among the nation's best. Annual rent growth has also been weighed down by the increased pipeline, with annual growthroughly half of where it was three years ago. However, factoring the significant supply-side pressure, Fort Myers' rent growth has held uprelatively well and remains above the long-term trend. Investor demand has never been higher in Fort Myers. By August 2019, the market hadalready established a new sales volume annual record, breaking last year's record $284 million. The second half's investment activity remainselevated, establishing a new record with every transaction. Market price per unit is at record levels and cap rates have continued to gentlycompress. Source CoStar.

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

NORTH

SOUTH

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

WEST

EAST

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

CONCEPTUAL SITE PLAN

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

4 4 3 0 G L E N F O R D B LV D , F O R T M Y E R S , F L 3 3 9 6 6

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2 3 1 0 F I R S T S T R E E T, S U I T E

2 1 0

F O RT M Y E R S , F L 3 3 9 0 1

W W W. F I S C H L E RC O.C O M

FOR INFORMATION CONTACT:

Phil [email protected]

No warranty or representation, express or implied, is made as to the accuracy of the information presented, and same is offered subject to errors, omissions, futurechanges in price, market or other conditions, withdrawal without notice, and any specific listing conditions imposed by Seller.

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 3,304 31,087 105,847

Average age 31.8 32.3 36.8

Average age (Male) 30.5 32.3 35.9

Average age (Female) 33.1 32.4 37.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 1,250 11,744 41,185

# of persons per HH 2.6 2.6 2.6

Average HH income $62,799 $54,050 $61,019

Average house value $266,484 $235,509 $246,649

* Demographic data derived from 2010 US Census

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Executive Summary4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 26.60751

Longitude: -81.82013

1 mile 3 miles 5 milesPopulation

2000 Population 1,028 18,671 88,4172010 Population 3,066 29,013 107,4712019 Population 5,391 38,179 133,6392024 Population 6,295 43,825 149,5462000-2010 Annual Rate 11.55% 4.51% 1.97%2010-2019 Annual Rate 6.29% 3.01% 2.38%2019-2024 Annual Rate 3.15% 2.80% 2.27%2019 Male Population 49.2% 48.8% 49.7%2019 Female Population 50.8% 51.2% 50.3%2019 Median Age 38.0 36.4 39.0

In the identified area, the current year population is 133,639. In 2010, the Census count in the area was 107,471. The rate of change since 2010 was 2.38% annually. The five-year projection for the population in the area is 149,546 representing a change of 2.27% annually from 2019 to 2024. Currently, the population is 49.7% male and 50.3% female.

Median Age

The median age in this area is 38.0, compared to U.S. median age of 38.5.Race and Ethnicity

2019 White Alone 71.1% 54.1% 62.6%2019 Black Alone 14.5% 33.1% 21.5%2019 American Indian/Alaska Native Alone 0.4% 0.3% 0.5%2019 Asian Alone 3.7% 2.9% 2.4%2019 Pacific Islander Alone 0.1% 0.0% 0.1%2019 Other Race 6.9% 6.1% 9.7%2019 Two or More Races 3.3% 3.5% 3.2%2019 Hispanic Origin (Any Race) 23.2% 19.2% 25.4%

Persons of Hispanic origin represent 25.4% of the population in the identified area compared to 18.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 72.7 in the identified area, compared to 64.8 for the U.S. as a whole.

Households2019 Wealth Index 95 82 882000 Households 805 6,956 35,1112010 Households 1,369 11,596 42,9232019 Total Households 2,456 15,579 53,7792024 Total Households 2,860 18,036 60,5102000-2010 Annual Rate 5.45% 5.24% 2.03%2010-2019 Annual Rate 6.52% 3.24% 2.47%2019-2024 Annual Rate 3.09% 2.97% 2.39%2019 Average Household Size 2.12 2.33 2.42

The household count in this area has changed from 42,923 in 2010 to 53,779 in the current year, a change of 2.47% annually. The five-year projection of households is 60,510, a change of 2.39% annually from the current year total. Average household size is currently 2.42, compared to 2.42 in the year 2010. The number of families in the current year is 32,125 in the specified area.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

March 09, 2020

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Executive Summary4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 26.60751

Longitude: -81.82013

1 mile 3 miles 5 milesMortgage Income

2019 Percent of Income for Mortgage 23.4% 27.8% 24.8%Median Household Income

2019 Median Household Income $56,659 $46,030 $49,3172024 Median Household Income $60,967 $52,603 $54,4602019-2024 Annual Rate 1.48% 2.71% 2.00%

Average Household Income

2019 Average Household Income $78,626 $69,620 $71,9072024 Average Household Income $89,314 $80,889 $82,1832019-2024 Annual Rate 2.58% 3.05% 2.71%

Per Capita Income2019 Per Capita Income $33,595 $27,834 $28,9792024 Per Capita Income $38,146 $32,576 $33,2802019-2024 Annual Rate 2.57% 3.20% 2.81%

Households by IncomeCurrent median household income is $49,317 in the area, compared to $60,548 for all U.S. households. Median household income is projected to be $54,460 in five years, compared to $69,180 for all U.S. households

Current average household income is $71,907 in this area, compared to $87,398 for all U.S. households. Average household income is projected to be $82,183 in five years, compared to $99,638 for all U.S. households

Current per capita income is $28,979 in the area, compared to the U.S. per capita income of $33,028. The per capita income is projected to be $33,280 in five years, compared to $36,530 for all U.S. households Housing

2019 Housing Affordability Index 98 83 952000 Total Housing Units 972 8,012 40,349

2000 Owner Occupied Housing Units 160 2,225 18,1302000 Renter Occupied Housing Units 645 4,731 16,9812000 Vacant Housing Units 167 1,056 5,238

2010 Total Housing Units 2,062 16,844 57,9422010 Owner Occupied Housing Units 643 5,114 22,2782010 Renter Occupied Housing Units 726 6,482 20,6452010 Vacant Housing Units 693 5,248 15,019

2019 Total Housing Units 3,598 22,089 71,8192019 Owner Occupied Housing Units 1,412 7,862 29,9052019 Renter Occupied Housing Units 1,044 7,717 23,8732019 Vacant Housing Units 1,142 6,510 18,040

2024 Total Housing Units 4,146 25,315 80,4582024 Owner Occupied Housing Units 1,670 9,114 33,9822024 Renter Occupied Housing Units 1,190 8,922 26,5282024 Vacant Housing Units 1,286 7,279 19,948

Currently, 41.6% of the 71,819 housing units in the area are owner occupied; 33.2%, renter occupied; and 25.1% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.4% are renter occupied; and 11.2% are vacant. In 2010, there were 57,942 housing units in the area - 38.4% owner occupied, 35.6% renter occupied, and 25.9% vacant. The annual rate of change in housing units since 2010 is 10.01%. Median home value in the area is $249,668, compared to a median home value of $234,154 for the U.S. In five years, median value is projected to change by 1.94% annually to $274,853.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

March 09, 2020

©2020 Esri Page 2 of 2

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Retail MarketPlace Profile4517-4649 Winkler Ave 2 Prepared by Esri4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Latitude: 26.60773Ring: 1 mile radius Longitude: -81.82011

Summary Demographics2019 Population 5,3912019 Households 2,4562019 Median Disposable Income $49,1692019 Per Capita Income $33,595

NAICS Demand Supply Retail Gap Leakage/Surplus Number of2017 Industry Summary (Retail Potential) (Retail Sales) Factor Businesses

Total Retail Trade and Food & Drink 44-45,722 $79,634,009 $184,586,856 -$104,952,847 -39.7 37Total Retail Trade 44-45 $71,818,311 $164,825,038 -$93,006,727 -39.3 22Total Food & Drink 722 $7,815,698 $19,761,818 -$11,946,120 -43.3 15

NAICS Demand Supply Retail Gap Leakage/Surplus Number of2017 Industry Group (Retail Potential) (Retail Sales) Factor Businesses

Motor Vehicle & Parts Dealers 441 $15,428,091 $24,750,464 -$9,322,373 -23.2 1 Automobile Dealers 4411 $12,294,720 $24,084,642 -$11,789,922 -32.4 1 Other Motor Vehicle Dealers 4412 $1,791,332 $0 $1,791,332 100.0 0 Auto Parts, Accessories & Tire Stores 4413 $1,342,039 $665,822 $676,217 33.7 1Furniture & Home Furnishings Stores 442 $2,624,266 $1,580,713 $1,043,553 24.8 3 Furniture Stores 4421 $1,475,524 $911,724 $563,800 23.6 2 Home Furnishings Stores 4422 $1,148,742 $668,989 $479,753 26.4 1Electronics & Appliance Stores 443 $2,072,408 $0 $2,072,408 100.0 0Bldg Materials, Garden Equip. & Supply Stores 444 $4,714,983 $28,202,782 -$23,487,799 -71.4 1 Bldg Material & Supplies Dealers 4441 $4,357,191 $28,202,782 -$23,845,591 -73.2 1 Lawn & Garden Equip & Supply Stores 4442 $357,792 $0 $357,792 100.0 0Food & Beverage Stores 445 $12,753,387 $25,463,862 -$12,710,475 -33.3 4 Grocery Stores 4451 $11,586,228 $24,871,472 -$13,285,244 -36.4 3 Specialty Food Stores 4452 $534,330 $0 $534,330 100.0 0 Beer, Wine & Liquor Stores 4453 $632,829 $558,723 $74,106 6.2 1Health & Personal Care Stores 446,4461 $4,718,786 $5,076,527 -$357,741 -3.7 2Gasoline Stations 447,4471 $7,437,496 $0 $7,437,496 100.0 0Clothing & Clothing Accessories Stores 448 $3,658,140 $251,274 $3,406,866 87.1 1 Clothing Stores 4481 $2,465,174 $0 $2,465,174 100.0 0 Shoe Stores 4482 $561,897 $251,274 $310,623 38.2 1 Jewelry, Luggage & Leather Goods Stores 4483 $631,069 $0 $631,069 100.0 0Sporting Goods, Hobby, Book & Music Stores 451 $1,770,658 $6,399,962 -$4,629,304 -56.7 4 Sporting Goods/Hobby/Musical Instr Stores 4511 $1,456,318 $6,399,962 -$4,943,644 -62.9 4 Book, Periodical & Music Stores 4512 $314,341 $0 $314,341 100.0 0General Merchandise Stores 452 $11,879,171 $66,228,425 -$54,349,254 -69.6 3 Department Stores Excluding Leased Depts. 4521 $8,338,918 $49,761,744 -$41,422,826 -71.3 1 Other General Merchandise Stores 4529 $3,540,254 $16,466,681 -$12,926,427 -64.6 1Miscellaneous Store Retailers 453 $2,914,959 $6,284,682 -$3,369,723 -36.6 3 Florists 4531 $123,088 $0 $123,088 100.0 0 Office Supplies, Stationery & Gift Stores 4532 $629,075 $0 $629,075 100.0 0 Used Merchandise Stores 4533 $655,523 $2,176,658 -$1,521,135 -53.7 1 Other Miscellaneous Store Retailers 4539 $1,507,274 $4,071,260 -$2,563,986 -46.0 2Nonstore Retailers 454 $1,845,965 $0 $1,845,965 100.0 0 Electronic Shopping & Mail-Order Houses 4541 $1,564,228 $0 $1,564,228 100.0 0 Vending Machine Operators 4542 $31,251 $0 $31,251 100.0 0 Direct Selling Establishments 4543 $250,487 $0 $250,487 100.0 0Food Services & Drinking Places 722 $7,815,698 $19,761,818 -$11,946,120 -43.3 15 Special Food Services 7223 $131,127 $0 $131,127 100.0 0 Drinking Places - Alcoholic Beverages 7224 $622,333 $0 $622,333 100.0 0 Restaurants/Other Eating Places 7225 $7,062,237 $19,612,941 -$12,550,704 -47.1 15

Data Note: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. Esri uses the North American Industry Classification System (NAICS) to classify businesses by their primary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as well as four industry groups within the Food Services & Drinking Establishments subsector. For more information on the Retail MarketPlace data, please click the link below to view the Methodology Statement.http://www.esri.com/library/whitepapers/pdfs/esri-data-retail-marketplace.pdf

Source: Esri and Infogroup. Esri 2019 Updated Demographics. Esri 2017 Retail MarketPlace. Copyright 2019 Esri. Copyright 2017 Infogroup, Inc. All rights reserved.

March 09, 2020

©2020 Esri Page 1 of 6

Page 14: PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER€¦ · Villas At Venezia 194 360 420 192 95 436 327 266 280 264 192 360 298 238 206 320 442 160 324 384 84 312 96 TOTAL MULTIFAMILY

Retail MarketPlace Profile4517-4649 Winkler Ave 2 Prepared by Esri4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Latitude: 26.60773Ring: 1 mile radius Longitude: -81.82011

2017 Leakage/Surplus Factor by Industry Subsector2017 Leakage/Surplus Factor by Industry Subsector

Food Services & Drinking Places Nonstore Retailers

Miscellaneous Store Retailers General Merchandise Stores

Sporting Goods, Hobby, Book, and Music Stores Clothing and Clothing Accessories Stores

Gasoline Stations Health & Personal Care Stores

Food & Beverage Stores Bldg Materials, Garden Equip. & Supply Stores

Electronics & Appliance Stores Furniture & Home Furnishings Stores

Motor Vehicle & Parts Dealers

Leakage/Surplus Factor100806040200-20-40-60

2017 Leakage/Surplus Factor by Industry Group2017 Leakage/Surplus Factor by Industry Group

Restaurants/Other Eating Places

Drinking Places (Alcoholic Beverages)

Special Food Services

Direct Selling Establishments

Vending Machine Operators

Electronic Shopping and Mail-Order Houses

Other Miscellaneous Store Retailers Used Merchandise Stores

Office Supplies, Stationery, and Gift Stores

Florists

Other General Merchandise Stores

Department Stores (Excluding Leased Depts.)

Book, Periodical, and Music Stores

Jewelry, Luggage, and Leather Goods Stores

Shoe Stores

Clothing Stores

Gasoline Stations

Health & Personal Care Stores

Beer, Wine, and Liquor Stores

Specialty Food Stores

Grocery Stores

Lawn and Garden Equipment and Supplies Stores Building Material and Supplies Dealers

Electronics & Appliance Stores

Home Furnishings Stores

Furniture Stores

Auto Parts, Accessories, and Tire Stores

Other Motor Vehicle Dealers

Automobile Dealers

Leakage/Surplus Factor806040200-20-40-60

Source: Esri and Infogroup. Esri 2019 Updated Demographics. Esri 2017 Retail MarketPlace. Copyright 2019 Esri. Copyright 2017 Infogroup, Inc. All rights reserved.

March 09, 2020

©2020 Esri Page 2 of 6

Page 15: PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER€¦ · Villas At Venezia 194 360 420 192 95 436 327 266 280 264 192 360 298 238 206 320 442 160 324 384 84 312 96 TOTAL MULTIFAMILY

Retail MarketPlace Profile4517-4649 Winkler Ave 2 Prepared by Esri4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Latitude: 26.60773Ring: 2 mile radius Longitude: -81.82011

Summary Demographics2019 Population 18,2422019 Households 7,3852019 Median Disposable Income $48,4322019 Per Capita Income $30,699

NAICS Demand Supply Retail Gap Leakage/Surplus Number of2017 Industry Summary (Retail Potential) (Retail Sales) Factor Businesses

Total Retail Trade and Food & Drink 44-45,722 $235,220,988 $535,813,398 -$300,592,410 -39.0 132Total Retail Trade 44-45 $212,231,356 $493,440,969 -$281,209,613 -39.8 92Total Food & Drink 722 $22,989,632 $42,372,430 -$19,382,798 -29.7 40

NAICS Demand Supply Retail Gap Leakage/Surplus Number of2017 Industry Group (Retail Potential) (Retail Sales) Factor Businesses

Motor Vehicle & Parts Dealers 441 $45,793,833 $95,018,727 -$49,224,894 -35.0 8 Automobile Dealers 4411 $36,531,084 $82,893,377 -$46,362,293 -38.8 5 Other Motor Vehicle Dealers 4412 $5,294,583 $10,078,578 -$4,783,995 -31.1 1 Auto Parts, Accessories & Tire Stores 4413 $3,968,166 $2,046,773 $1,921,393 31.9 2Furniture & Home Furnishings Stores 442 $7,735,832 $8,737,773 -$1,001,941 -6.1 9 Furniture Stores 4421 $4,354,233 $2,112,176 $2,242,057 34.7 4 Home Furnishings Stores 4422 $3,381,599 $6,625,597 -$3,243,998 -32.4 5Electronics & Appliance Stores 443 $6,104,772 $898,828 $5,205,944 74.3 1Bldg Materials, Garden Equip. & Supply Stores 444 $13,862,981 $93,015,803 -$79,152,822 -74.1 17 Bldg Material & Supplies Dealers 4441 $12,835,784 $92,535,157 -$79,699,373 -75.6 16 Lawn & Garden Equip & Supply Stores 4442 $1,027,197 $480,646 $546,551 36.2 1Food & Beverage Stores 445 $37,690,086 $36,960,088 $729,998 1.0 12 Grocery Stores 4451 $34,258,214 $35,688,586 -$1,430,372 -2.0 9 Specialty Food Stores 4452 $1,579,211 $642,309 $936,902 42.2 2 Beer, Wine & Liquor Stores 4453 $1,852,660 $629,192 $1,223,468 49.3 1Health & Personal Care Stores 446,4461 $14,024,383 $15,832,692 -$1,808,309 -6.1 8Gasoline Stations 447,4471 $22,097,639 $11,931,453 $10,166,186 29.9 2Clothing & Clothing Accessories Stores 448 $10,712,885 $2,033,045 $8,679,840 68.1 2 Clothing Stores 4481 $7,225,643 $0 $7,225,643 100.0 0 Shoe Stores 4482 $1,649,511 $1,767,767 -$118,256 -3.5 2 Jewelry, Luggage & Leather Goods Stores 4483 $1,837,730 $265,277 $1,572,453 74.8 1Sporting Goods, Hobby, Book & Music Stores 451 $5,200,183 $10,953,576 -$5,753,393 -35.6 10 Sporting Goods/Hobby/Musical Instr Stores 4511 $4,279,328 $10,953,576 -$6,674,248 -43.8 10 Book, Periodical & Music Stores 4512 $920,855 $0 $920,855 100.0 0General Merchandise Stores 452 $34,974,449 $194,022,282 -$159,047,833 -69.5 8 Department Stores Excluding Leased Depts. 4521 $24,510,757 $148,598,441 -$124,087,684 -71.7 4 Other General Merchandise Stores 4529 $10,463,692 $45,423,842 -$34,960,150 -62.6 4Miscellaneous Store Retailers 453 $8,607,664 $23,832,100 -$15,224,436 -46.9 14 Florists 4531 $350,225 $211,036 $139,189 24.8 2 Office Supplies, Stationery & Gift Stores 4532 $1,856,923 $3,923,218 -$2,066,295 -35.7 2 Used Merchandise Stores 4533 $1,924,258 $10,151,151 -$8,226,893 -68.1 3 Other Miscellaneous Store Retailers 4539 $4,476,258 $9,546,695 -$5,070,437 -36.2 8Nonstore Retailers 454 $5,426,649 $204,602 $5,222,047 92.7 1 Electronic Shopping & Mail-Order Houses 4541 $4,633,148 $187,228 $4,445,920 92.2 1 Vending Machine Operators 4542 $92,382 $0 $92,382 100.0 0 Direct Selling Establishments 4543 $701,120 $0 $701,120 100.0 0Food Services & Drinking Places 722 $22,989,632 $42,372,430 -$19,382,798 -29.7 40 Special Food Services 7223 $378,635 $88,494 $290,141 62.1 1 Drinking Places - Alcoholic Beverages 7224 $1,818,914 $950,741 $868,173 31.3 2 Restaurants/Other Eating Places 7225 $20,792,083 $41,333,195 -$20,541,112 -33.1 37

Data Note: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. Esri uses the North American Industry Classification System (NAICS) to classify businesses by their primary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as well as four industry groups within the Food Services & Drinking Establishments subsector. For more information on the Retail MarketPlace data, please click the link below to view the Methodology Statement.http://www.esri.com/library/whitepapers/pdfs/esri-data-retail-marketplace.pdf

Source: Esri and Infogroup. Esri 2019 Updated Demographics. Esri 2017 Retail MarketPlace. Copyright 2019 Esri. Copyright 2017 Infogroup, Inc. All rights reserved.

March 09, 2020

©2020 Esri Page 3 of 6

Page 16: PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER€¦ · Villas At Venezia 194 360 420 192 95 436 327 266 280 264 192 360 298 238 206 320 442 160 324 384 84 312 96 TOTAL MULTIFAMILY

Retail MarketPlace Profile4517-4649 Winkler Ave 2 Prepared by Esri4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Latitude: 26.60773Ring: 2 mile radius Longitude: -81.82011

2017 Leakage/Surplus Factor by Industry Subsector2017 Leakage/Surplus Factor by Industry Subsector

Food Services & Drinking Places Nonstore Retailers

Miscellaneous Store Retailers General Merchandise Stores

Sporting Goods, Hobby, Book, and Music Stores Clothing and Clothing Accessories Stores

Gasoline Stations Health & Personal Care Stores

Food & Beverage Stores Bldg Materials, Garden Equip. & Supply Stores

Electronics & Appliance Stores Furniture & Home Furnishings Stores

Motor Vehicle & Parts Dealers

Leakage/Surplus Factor806040200-20-40-60

2017 Leakage/Surplus Factor by Industry Group2017 Leakage/Surplus Factor by Industry Group

Restaurants/Other Eating Places

Drinking Places (Alcoholic Beverages)

Special Food Services

Direct Selling Establishments

Vending Machine Operators

Electronic Shopping and Mail-Order Houses

Other Miscellaneous Store Retailers Used Merchandise Stores

Office Supplies, Stationery, and Gift Stores

Florists

Other General Merchandise Stores

Department Stores (Excluding Leased Depts.)

Book, Periodical, and Music Stores

Jewelry, Luggage, and Leather Goods Stores

Shoe Stores

Clothing Stores

Gasoline Stations

Health & Personal Care Stores

Beer, Wine, and Liquor Stores

Specialty Food Stores

Grocery Stores

Lawn and Garden Equipment and Supplies Stores Building Material and Supplies Dealers

Electronics & Appliance Stores

Home Furnishings Stores

Furniture Stores

Auto Parts, Accessories, and Tire Stores

Other Motor Vehicle Dealers

Automobile Dealers

Leakage/Surplus Factor100806040200-20-40-60

Source: Esri and Infogroup. Esri 2019 Updated Demographics. Esri 2017 Retail MarketPlace. Copyright 2019 Esri. Copyright 2017 Infogroup, Inc. All rights reserved.

March 09, 2020

©2020 Esri Page 4 of 6

Page 17: PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER€¦ · Villas At Venezia 194 360 420 192 95 436 327 266 280 264 192 360 298 238 206 320 442 160 324 384 84 312 96 TOTAL MULTIFAMILY

Retail MarketPlace Profile4517-4649 Winkler Ave 2 Prepared by Esri4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Latitude: 26.60773Ring: 3 mile radius Longitude: -81.82011

Summary Demographics2019 Population 38,1162019 Households 15,5342019 Median Disposable Income $39,2282019 Per Capita Income $27,746

NAICS Demand Supply Retail Gap Leakage/Surplus Number of2017 Industry Summary (Retail Potential) (Retail Sales) Factor Businesses

Total Retail Trade and Food & Drink 44-45,722 $459,665,654 $1,175,363,712 -$715,698,058 -43.8 477Total Retail Trade 44-45 $415,101,373 $1,099,399,177 -$684,297,804 -45.2 376Total Food & Drink 722 $44,564,281 $75,964,535 -$31,400,254 -26.1 102

NAICS Demand Supply Retail Gap Leakage/Surplus Number of2017 Industry Group (Retail Potential) (Retail Sales) Factor Businesses

Motor Vehicle & Parts Dealers 441 $89,901,467 $277,494,906 -$187,593,439 -51.1 72 Automobile Dealers 4411 $71,776,680 $219,141,943 -$147,365,263 -50.7 42 Other Motor Vehicle Dealers 4412 $10,356,845 $26,209,993 -$15,853,148 -43.4 10 Auto Parts, Accessories & Tire Stores 4413 $7,767,943 $32,142,970 -$24,375,027 -61.1 19Furniture & Home Furnishings Stores 442 $15,077,300 $34,653,764 -$19,576,464 -39.4 29 Furniture Stores 4421 $8,502,017 $16,382,287 -$7,880,270 -31.7 14 Home Furnishings Stores 4422 $6,575,283 $18,271,476 -$11,696,193 -47.1 15Electronics & Appliance Stores 443 $11,876,727 $15,759,153 -$3,882,426 -14.0 8Bldg Materials, Garden Equip. & Supply Stores 444 $27,030,730 $175,563,673 -$148,532,943 -73.3 48 Bldg Material & Supplies Dealers 4441 $25,032,862 $167,228,633 -$142,195,771 -74.0 44 Lawn & Garden Equip & Supply Stores 4442 $1,997,867 $8,335,040 -$6,337,173 -61.3 4Food & Beverage Stores 445 $73,785,465 $67,467,500 $6,317,965 4.5 46 Grocery Stores 4451 $67,102,023 $62,300,915 $4,801,108 3.7 34 Specialty Food Stores 4452 $3,090,970 $3,544,359 -$453,389 -6.8 10 Beer, Wine & Liquor Stores 4453 $3,592,473 $1,622,226 $1,970,247 37.8 2Health & Personal Care Stores 446,4461 $27,677,854 $31,928,854 -$4,251,000 -7.1 23Gasoline Stations 447,4471 $43,395,053 $69,329,068 -$25,934,015 -23.0 7Clothing & Clothing Accessories Stores 448 $20,710,739 $52,715,817 -$32,005,078 -43.6 52 Clothing Stores 4481 $13,990,027 $31,487,848 -$17,497,821 -38.5 29 Shoe Stores 4482 $3,186,744 $12,288,393 -$9,101,649 -58.8 12 Jewelry, Luggage & Leather Goods Stores 4483 $3,533,968 $8,939,577 -$5,405,609 -43.3 11Sporting Goods, Hobby, Book & Music Stores 451 $10,074,406 $27,711,675 -$17,637,269 -46.7 26 Sporting Goods/Hobby/Musical Instr Stores 4511 $8,290,229 $25,999,647 -$17,709,418 -51.6 25 Book, Periodical & Music Stores 4512 $1,784,178 $1,712,028 $72,150 2.1 2General Merchandise Stores 452 $68,093,049 $297,105,621 -$229,012,572 -62.7 24 Department Stores Excluding Leased Depts. 4521 $47,600,334 $229,512,982 -$181,912,648 -65.6 11 Other General Merchandise Stores 4529 $20,492,715 $67,592,639 -$47,099,924 -53.5 13Miscellaneous Store Retailers 453 $16,846,561 $45,071,941 -$28,225,380 -45.6 34 Florists 4531 $673,727 $583,394 $90,333 7.2 4 Office Supplies, Stationery & Gift Stores 4532 $3,609,924 $7,607,808 -$3,997,884 -35.6 6 Used Merchandise Stores 4533 $3,734,439 $20,997,819 -$17,263,380 -69.8 7 Other Miscellaneous Store Retailers 4539 $8,828,471 $15,882,920 -$7,054,449 -28.5 16Nonstore Retailers 454 $10,632,021 $4,597,206 $6,034,815 39.6 7 Electronic Shopping & Mail-Order Houses 4541 $9,083,377 $495,158 $8,588,219 89.7 3 Vending Machine Operators 4542 $180,768 $263,824 -$83,056 -18.7 1 Direct Selling Establishments 4543 $1,367,876 $3,838,224 -$2,470,348 -47.5 3Food Services & Drinking Places 722 $44,564,281 $75,964,535 -$31,400,254 -26.1 102 Special Food Services 7223 $727,025 $474,965 $252,060 21.0 2 Drinking Places - Alcoholic Beverages 7224 $3,518,394 $1,815,679 $1,702,715 31.9 5 Restaurants/Other Eating Places 7225 $40,318,861 $73,673,891 -$33,355,030 -29.3 94

Data Note: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. Esri uses the North American Industry Classification System (NAICS) to classify businesses by their primary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as well as four industry groups within the Food Services & Drinking Establishments subsector. For more information on the Retail MarketPlace data, please click the link below to view the Methodology Statement.http://www.esri.com/library/whitepapers/pdfs/esri-data-retail-marketplace.pdf

Source: Esri and Infogroup. Esri 2019 Updated Demographics. Esri 2017 Retail MarketPlace. Copyright 2019 Esri. Copyright 2017 Infogroup, Inc. All rights reserved.

March 09, 2020

©2020 Esri Page 5 of 6

Page 18: PARCEL F-5 AT THE COMMONS AT COLONIAL AND WINKLER€¦ · Villas At Venezia 194 360 420 192 95 436 327 266 280 264 192 360 298 238 206 320 442 160 324 384 84 312 96 TOTAL MULTIFAMILY

Retail MarketPlace Profile4517-4649 Winkler Ave 2 Prepared by Esri4517-4649 Winkler Ave, Fort Myers, Florida, 33966 Latitude: 26.60773Ring: 3 mile radius Longitude: -81.82011

2017 Leakage/Surplus Factor by Industry Subsector2017 Leakage/Surplus Factor by Industry Subsector

Food Services & Drinking Places Nonstore Retailers

Miscellaneous Store Retailers General Merchandise Stores

Sporting Goods, Hobby, Book, and Music Stores Clothing and Clothing Accessories Stores

Gasoline Stations Health & Personal Care Stores

Food & Beverage Stores Bldg Materials, Garden Equip. & Supply Stores

Electronics & Appliance Stores Furniture & Home Furnishings Stores

Motor Vehicle & Parts Dealers

Leakage/Surplus Factor3020100-10-20-30-40-50-60-70

2017 Leakage/Surplus Factor by Industry Group2017 Leakage/Surplus Factor by Industry Group

Restaurants/Other Eating Places

Drinking Places (Alcoholic Beverages)

Special Food Services

Direct Selling Establishments

Vending Machine Operators

Electronic Shopping and Mail-Order Houses

Other Miscellaneous Store Retailers Used Merchandise Stores

Office Supplies, Stationery, and Gift Stores

Florists

Other General Merchandise Stores

Department Stores (Excluding Leased Depts.)

Book, Periodical, and Music Stores

Jewelry, Luggage, and Leather Goods Stores

Shoe Stores

Clothing Stores

Gasoline Stations

Health & Personal Care Stores

Beer, Wine, and Liquor Stores

Specialty Food Stores

Grocery Stores

Lawn and Garden Equipment and Supplies Stores Building Material and Supplies Dealers

Electronics & Appliance Stores

Home Furnishings Stores

Furniture Stores

Auto Parts, Accessories, and Tire Stores

Other Motor Vehicle Dealers

Automobile Dealers

Leakage/Surplus Factor80706050403020100-10-20-30-40-50-60-70

Source: Esri and Infogroup. Esri 2019 Updated Demographics. Esri 2017 Retail MarketPlace. Copyright 2019 Esri. Copyright 2017 Infogroup, Inc. All rights reserved.

March 09, 2020

©2020 Esri Page 6 of 6