Stringfellow Road - FOR SALE St. James City, Florida 33956 - JLL
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FOR SALE 10171 Stringfellow Road St. James City, Florida 33956
Table of Contents
Executive Summary..................................................................................................................................................... 4
Property Summary....................................................................................................................................................... 6
• Lee Average Household Income Map...................................................................................................... 10
• Lee County Total Retail Business Map..................................................................................................... 11
• Total Retail Business Aerial........................................................................................................................ 12
• Lee County Tax Appraiser Aerial ............................................................................................................... 13
• Demographics and Lee County Economic Vitality................................................................................ 14
• Strengths and Opportunities..................................................................................................................... 15
MEMORANDUM DISCLAIMER
This Offering Memorandum (“OM”) is provided for the sole purpose of allowing a potential investor to evaluate whether there is interest in proceeding with further discussions regarding a possible purchase of or
investment in the subject Property.
The potential investor is urged to perform its own examination and inspection of the Property and information relating to same, and shall rely solely on such examination and investigation and not on this Brochure or
any materials, statements or information contained herein or otherwise provided by owner and its representatives.
Neither Owner, Jones Lang LaSalle, nor any of their respective partners, directors, officers, employees and agents (“Agents”), make any representations or warranties, whether express or implied, by operation of
law or otherwise, with respect to this OM or the Property or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy or
completeness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respect thereto. Such materials, statements and information
have in many circumstances been obtained from outside sources, and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no
guaranty or assurance can be given.
Without limiting the foregoing, in the event this OM contains information relating to asbestos or any other hazardous, toxic or dangerous chemical, item, waste or substance (“Hazardous Materials”) in relation to the
Property, such information shall in no way be construed as creating any warranties, or representations, express or implied, by operation of law or otherwise, by Agents or the owner, as to the existence or non-existence
or nature of Hazardous Materials in, under, on or around the Property.
This OM is provided subject to errors, omissions, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property, and is subject to withdrawal, all
without notice. The contents hereof are confidential and are not to be reproduced or distributed to any person or entity without the prior written consent of Agents or Owner, or used for any purpose other than initial
evaluation as indicated above.
2 10171 STRINGFELLOW ROAD • ST JAMES CITY FLORIDA 33956 • PAGE 3
Executive Summary EXECUTIVE SUMMARY
Introduction
JLL is pleased to offer for sale a ±3,179 s.f. vacant bank branch
building and property located at 10171 Stringfellow Road, St WELLS FARGO BANK BUILDING PROPERTY FACTS
James City, FL. The property is being marketed as a vacant 10171 Stringfellow Road
building for a potential owner-occupant or an investor with Address:
St. James City, FL 33956
an alternative use. Building Size (GLA): ±3,179 s.f. with 3 drive-thru lanes
Year Built: 1981
• Situated on a major road
Land Area: ±2.01 ac
• Easy access and excellent visibility
Parking: 23 spaces
• High parking ratio
Zoning: Lee County - CG
• Three (3) drive-thru lanes
Asking Price: $475,000
• Restrictions and limitations of use: The property is
subject to use restriction of no financial user for
twenty-four months
44 10171 STRINGFELLOW ROAD • ST JAMES CITY FLORIDA 33956 • PAGE 5
Property Summary PROPERTY SUMMARY
ADDRESS: 10171 Stringfellow Road
St. James City, FL 33956
LO C AT I O N : Located in St. James City, Florida at the intersection
of Stringfellow Road and Pine Island Road
BUILDING Wells Fargo Bank N.A.
OWNERSHIP:
Subject Property
BUILDING SIZE: ±3,179 s.f. - VACANT
PROPERTY Wells Fargo-Pine Island consists of a free-standing building
DESCRIPTION: of ±3,179 square feet.
LAND AREA: ±2.01 ac
Y E A R B U I LT : 1981
PA R K I N G : 23+ parking spaces
ZONING: CG, Lee County
CONDITIONS: • Buyer to analyze and determine through
investigation by professional services
• May not be used as financial institution
for 2 years
NO REPRESENTATIONS OR WARRANTIES BY SELLER. BUYER AND ITS PROFESSIONALS MUST DETERMINE
COST FOR ASSOCIATION ASSESSMENTS, COSTS, TAXES, INSURANCE, AS MAY BE APPLICABLE.
6 10171 STRINGFELLOW ROAD • ST JAMES CITY FLORIDA 33956 • PAGE 7
Space Class
Name Count Area
ATM - ROOM 1 3
First
ATM - Wall Mounted 1
Break Room 1 282
Cash Room 1 67
Closet 1 3
Coupon Room 2 5
Drive-Thru Lane (VP) 3
Drive-Thru Teller - Active 2 29
Floor Plan
Lobby 1 1100
Mechanical (FC) 1 32
Night Deposit 1 8
Office 2 288
Online Banking Service Desk 1 1
Restroom (FC) 2 15
Service Mgr Desk 1
Supply/Copy Room 1 35
Telecom (FC) 1 93
Teller - Active 3 91
Teller - ADA 1 21
Vault 1 139
Work Room 1 151
Workstation 2 12
Total 31 2791
*Estimated current usable office area
8 10171 STRINGFELLOW ROAD • ST JAMES CITY FLORIDA 33956 • PAGE 9
LEE COUNTY - AVERAGE HOUSEHOLD INCOME LEE COUNTY - TOTAL RETAIL BUSINESSES
Subject Property Subject Property
10 10171 STRINGFELLOW ROAD • ST JAMES CITY FLORIDA 33956 • PAGE 11
TOTAL RETAIL BUSINESSES TAX APPRAISER MAP
STRAP NUMBER
12,100 AADT
28-44-22-00-00028.0040
LIMITATIONS Subject Property
Buyer to analyze and determine
through investigation by
4,800
professional services all
Declarations of Covenants,
AADT
Conditions and Restrictions of any
other Federal, State, Municipal or
other authority.
Subject Property
2018 SALES: $18.2M
12 10171 STRINGFELLOW ROAD • ST JAMES CITY FLORIDA 33956 • PAGE 13
DEMOGRAPHICS - 10171 Stringfellow Road, St. James City STRENGTHS & OPPORTUNITIES
POPULATION 1 MILE 3 MILES 5 MILES HOUSEHOLDS 1 MILE 3 MILES 5 MILES
2018 Population
2023 Population
557
614
3,081
3,342
6,140
6,658
2018 Total Households
2023 Total Households
238
263
1,495
1,618
3,031
3,278
Strengths Opportunities
2000-2010 Annual Rate 0.80% 0.36% 0.82% 2000-2010 Annual Rate 1.71% 0.89% 1.14% • Existing building with drive-thru lanes • Can be retrofitted for other preferred uses and used as is
2010-2018 Annual Rate 1.47% 1.07% 0.99% 2010-2018 Annual Rate 1.41% 1.03% 0.93% • Good access • Large enough to accommodate a high quality national tenant
2018-2023 Annual Rate 1.97% 1.64% 1.63% 2018-2023 Annual Rate 2.02% 1.59% 1.58% • Main highway • Value growth in market
2018 Avg. Household Size 2.34 2.06 2.03
HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES
2018 Median HH Income $40,190 $45,183 $53,278 HOUSING UNITS 1 MILE 3 MILES 5 MILES
2023 Median HH Income $46,306 $55,694 $64,480 2018 Total Housing Units 314 2,050 4,193
2018 Average HH Income $62,553 $68,709 $79,131 2018 Owner Occupied Units 171 1,200 2,440
2023 Median HH Income $75,945 $84,491 $97,253 2018 Renter Occupied Units 67 295 591
2018 Per Capita Income $28,634 $33,443 $38,449 2018 Vacant Housing Units 76 555 1,162
2023 Per Capita Income $34,830 $41,011 $47,150
VERY HIGH ECONOMIC VITALITY - Lee County
JOBS
719,287 1.84% 2.21% 3.4%
Population 2010-2018 annual 2018-2023 annual Unemployment rate
population rate projected population rate
14 10171 STRINGFELLOW ROAD • ST JAMES CITY FLORIDA 33956 • PAGE 15
Contact Paul Rutledge Jennifer Ward +1 813 261 6716 +1 813 261 6727 paul.rutledge@am.jll.com jen.ward@am.jll.com
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