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Multi-Tenant Outparcel Space at Lake Nona

NEC Narcoossee Road & Tyson Road | Orlando, FL

Overview

LOT SIZE MARKET RATES

9.69 Acres Lake Nona Call For Rates

Description

Tyson's Corner is an emerging retail development at the NEC of Tyson Road & Narcoosee Road in the heart of the exploding highly affluent and educated area of Southeast Orlando. Located adjacent the Lake Nona and Medical City community at the signalized intersection of the 6-lane Narcoossee Road and Tyson Road. Within 2 miles of this site there are over 20,000 residential units either built, under construction, approved or planned. Medical City features some of the most advanced health, science and bio research facilities with companies including Sanford-Burnham Institute, VA Health, Nemours Children's Hospital, Florida Hospital, the University of Central Florida Medical School and the University of Florida Pharmacy School. Lake Nona currently has over $2.8 billion in development underway including the $400 million KPMG global training center and $300 million mixed-use Lake Nona Town Center. Surrounding retailers include Earth Fare, Zoe's Kitchen, Walmart, Lowe's, Sam's Club, Starbucks, Publix and many more.

Demographics

Total Population 2021 Growth Median HH Income Daytime Population

Year: 2018 | Source: ESRI

3 MILES 20,478 4.20%

$84,751 14,144

Contact

BLAKE HUNTER 407.455.5025 | blake.hunter@

Traffic Counts

Narcoossee Road

Year: 2018 | Source: FDOT

SRS REAL ESTATE PARTNERS | 200 S Orange Avenue, Suite 1300 | Orlando, FL 32801 | 407.455.5030

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

5 MILES 46,348 4.13%

$78,082 31,737

7 MILES 93,489 3.60%

$61,928 83,870

39,400 VPD



MARKET OVERVIEW

LAKE NONA

Tyson's Corner | NEC Narcoossee Road & Tyson Road | Orlando, FL

Overview

Lake Nona is a 17-square-mile master-designed community home to 5 neighborhoods totaling 3,000+ homes, a Sports & Performance District highlighted by the largest tennis facility in the world and Lake Nona's Medical City ? a 650-acre health and life sciences park. Lake Nona has created nearly 5,000 permanent, higher-paying jobs with 25,000 more expected by 2029. It is estimated that the area's economic impact could reach $7.6 billion over the next 10 years.

Lake Nona community has established their own Education Initiative referred to as a Collaborative Learning Environment (CLE). This modernized education system enables students and residents to engage and interact with active researchers, doctors, professors and businesses within the community. Focused on sustainable design and healthy living, Lake Nona is recognized by Cisco as the only designated "Iconic Smart + Connected mmunity" in the U.S. ? one of only nine such communities in the world. Recently acknowledged by FORTUNE Magazine as a model for the next great American city, Lake Nona is one of the fastest growing communities in America ranked the nation's ninth best-selling master-planned community according to national real estate research firm RCLCO's 2015 mid-year update and is located in the City of Orlando which is this years 13th fastest growing city's in the country according to FORBES.

Lake Nona is also home to the 650 acre health and life sciences park known as Medical City at Lake Nona which is a landmark for Orlando and a premier location for medical care, research, and education. Carefully planned and designed, Medical City at Lake Nona represents a deliberate strategy to create a centralized focus of sophisticated medical treatment, research, and education in Central Florida. Medical City at Lake Nona is home to some of the nation's top hospitals, universities, research institutions and life science companies, making Orlando a global destination for health care, research, and medical education while creating an economic development and job creation engine for the region. Some of the major corporations here include Sanford- Burnham Medical Research Institute, VA Medical Center (134 inpatient beds, 120 community living center beds, a 60 bed domiciliary), Nemours Children's Hospital (137 beds), Florida Hospital (36 examrooms & future surgery center), the University of Central Florida Health Sciences Campus and the University of Florida Academic & Research Center, with plans for a new University of Central Florida Hospital in the near future Medical City projects planned, under construction or built are expected to have a $7.6 billion impact and add 30,000 jobs by 2017 transforming Central Florida into a world-class bio hub. Currently, over 150 biotech and life sciences firms operate here, with over 4,000 onsite employees. By 2020 Medical City is projected to have over 12,000 onsite students, 40,000 residents, over 6 million square feet of commercial and 2,250 hotel/resort rooms.

Amazon, the world's largest online retailer is building a new 857,470 square foot fulfillment center in Lake Nona that will open in 2018 that will house 2.33 million square feet of storage area, creating 1,500 full-time jobs.

Just to the north of this site is the Lake Nona Education Village, currently home to Valencia College and Lake Nona High with plans for approximately 700 new multifamily units. Adjacent to that is Lake Nona Landings, a 760,000 square foot open-air shopping center anchored by Walmart, Sam's Club and Lowe's Home Improvement.

Directly across the street to the east is the Eagle Creek Golf Community, a master-planned community designed with 3,000 residential units surrounding a championship 18-hole golf course. This community also includes plans for 150,000 square feet of retail, 50,000 square feet of office, a 150 unit hotel and a recently opened elementary school.

Just 4 miles to the north is the Orlando International Airport, which achieved a record 38.8 million travelers in 2015 and is currently undergoing a $1.1 Billion expansion to double it's capacity to 70 million travelers by 2019.

SRS REAL ESTATE PARTNERS | 200 South Orange Ave., Suite 1300 | Orlando, FL 32801 | 4070.455.5030

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.



SITE PLAN

Multi-Tenant Outparcel Space at Lake Nona

Tyson's Corner | NEC Narcoossee Road & Tyson Road | Orlando, FL

SRS REAL ESTATE PARTNERS | 200 South Orange Ave., Suite 1300 | Orlando, FL 32801 | 4070.455.5030

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.



DEMOS

Executive Summary

NEC Narcoossee Road & Tyson Road | Orlando, FL

SRS REAL ESTATE PARTNERS | 200 South Orange Avenue, Suite 1300 | Orlando, FL 32801 | 407.455.5030

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.



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