Value Add Opportunity!

Highlights

• Value Add Opportunity!
• Enjoy an existing revenue stream from such well-known tenants as Big Lots, Tractor Supply Company, Dollar General, Rent A Center, Citi Trends and Subway, to name a few.
• Outparcel Development Opportunities
• Eastern Florida State College with a student population of 25,000 is about one mile west of Byrd Plaza.
• Ample parking with over 1,200 spaces.
• In Fiscal Year 2017 (October 1, 2016 thru September 30,
• 2017), the City of Cocoa welcomed 183 new businesses
• creating approximately 215 new full-time jobs. Below is a
• snapshot of new and expanding businesses in Cocoa during
• the last fiscal year.
• TIME OUT SPORTS BAR PLUS
• Time Out employs approximately 45 people with plans to hire
• more in the coming year. The owners also have plans to
• expand with a banquet and event space behind the main
• dining room and a tiki bar.
• CRYDERMANS BARBEQUE
• Opened in July 2017, the former 1930's era-gas station at 401
• Florida Avenue is home to some of the finest American BBQ
• around. The owners chose Cocoa Village because of its
• history and character.
• ERDMAN NISSAN & TOYOTA
• A groundbreaking ceremony was held in August by the
• Erdman Automotive Group, on a 35 acre site west of 1-95 on
• SR 520 for the new home of the Mike Erdman Nissan, Mike
• Erdman Toyota, and Erdman Pre-Owned. The expansion
• includes 160,000 SF of buildings and an investment of nearly
• $30 million in new construction, machinery and equipment.
• The expansion will create over 100 new jobs in Cocoa and is
• expected to be complete in early 2018.
• WAWA
• The City of Cocoa is excited to announce the arrival of Wawa.
• A grand opening celebration was held on December 19, 2017.
• CLEARLAKE ISLES
• Clearlake Isles is Cocoa's newest affordable 55+ apartment
• community offering 84 one and two bedroom rentals with
• spacious interiors, fully equipped energy efficient kitchens
• and lots of storage.
• DOLLAR GENERAL
• A Dollar General was constructed at 906 Barbara Jenkins and
• the intersection of Fiske Boulevard.
• ROCKET CRAFTERS
• In August 2017, Cocoa City Council approved Ordinance 10-
• 2017, amending the Manufacturing and Industrial District
• (M2) to provide for outdoor propulsion testing facilities as a
• Special Exception use.
• FLYING J TRAVEL CENTER
• In August 2017, a ribbon cutting ceremony was held at the
• new 13,600 SF Cocoa Pilot Flying J Travel Center, it's first
• Brevard County operation just off Interstate 95, along
• State Road 524. The Flying J Travel Center, which employs
• more than 100 people, is far exceeding expectations and is
• projected to contribute $3.9 million annually in state and
• local tax revenues.
• SHOPPES AT COCOA NORTH
• More retailers can be expected in Cocoa in 2018. The
• Shoppes at Cocoa North located at 2320 HWY 524,
• formerly home to Winn Dixie, was acquired in late 2016 by
• project lead Sooner Investment out of Melbourne,
• partnered by Collett out of Charlotte, North Carolina. The
• Shoppes at Cocoa North boast over 70,000 SF of available
• retail space along a growing commercial corridor.
• WALMART DISTRIBUTION CENTER
• In August 2017, Walmart broke ground to build a state of
• the art regional distribution facility on a 132 acre site off
• of SR 524 and 1-95 in Cocoa. Walmart is investing $148
• million to build and equip the 460,000-squarefoot
• distribution center and refrigerated warehouse.
• DUNKIN DONUTS
• A new retail plaza is under construction at 2681 Clearlake
• Road, the intersection of Otterbein Avenue and Clearlake
• Road. Occupancy is being sought by early 2018.
• LAKESIDE PALMS SUBDIVISION
• A Preliminary Subdivision Plan, has been submitted by
• Lakeside Palms LLC, for Lakeside Palms, initially an
• approximate 100 single family home housing development
• situated on a 26.28 acre site, that could grow to more
• than 300 homes.
• SEADEK
• After years of growth, and employing roughly 130 people
• at its headquarters in Rockledge, Hyperform Inc. parent
• company of SeaDek, acquired property in Cocoa at 951
• Greensboro Road to expand its manufacturing operations,
• purchasing a 60,000 square foot facility, on 9 acres of
• land, located in the Cocoa Grissom Industrial Park area,
• adjacent to SR 528.
• Local businesses include: Walmart, Mike Erdman Auto Sales, Space Coast Honda, Sam’s Club, Space Coast Honda, Camping World of Cocoa. Other local places of interest include Eastern Florida State College Cocoa Campus, Brevard Humane Society and historic downtown Cocoa Village. Cocoa Village is just minutes away, boasting community events, eateries, and quaint shopping areas.
• North of Cocoa, Titusville is also a burgeoning commercial area. In this locale, surrounding employers include: Boeing, United Launch Alliance USA, Lockheed Martin/Astrotech, Orbital ATK, Embraer Aero Seating Technologies, Eckler Corporation, Knight Armament, Bristow Academy, Space Coast Regional Airport, Kennedy Space Center, Blue Origin, OneWeb, Firefly, Spacex and Sierra Nevada Corporation.
• Trending On the Space Coast
• Aviation and Aerospace Thrive Here
• More than 1/3 of all the aerospace employees in the state of Florida are employed in Brevard.
• The growth of commercial space and the supply chain that supports it is impressive. Giants in the industry are electing to invest here, including Blue Origin, OneWeb Satellites and Ruag; others have determined to increase their presence here: such as Lockheed Martin, Northrup Grumman, Embraer and others. Clusters of construction activity at Exploration Park in the North, Orlando-Melbourne International Airport and Port Canaveral attest to the power of aviation and aerospace in Brevard County on Florida’s Space Coast.
• Brevard Healthcare Workforce Consortium
• Ensuring that local healthcare industry employers have the skilled talent needed to provide the best possible medical care for our local community is vital to the economy of Brevard County. Working within our community to establish and maintain talent pipelines that train local talent in healthcare-related competencies needed by employers within the healthcare industry provides employment opportunities with sustainable wages or career ladders to self-sustaining wages for local workers and their families.
• A robust, quality healthcare system within Brevard County is vital for attracting new businesses to the local area as well as retaining existing local companies as access to quality care is a major factor in business location and relocation. It is in everyone’s best interest who lives and works in Brevard County to ensure that local healthcare industry organizations thrive. With this in mind healthcare industry representatives, educational partners, workforce development entities and other community stakeholders have come together to form the Brevard Healthcare Workforce Consortium to develop a local healthcare sector strategy to identify and implement actionable strategies to strengthen the local healthcare talent pipeline.
• Manufacturing
• Brevard County has the 5th most concentrated high-tech workforce in the U.S., according to the TechAmerica Foundation, is among the top 3 (of 360) MSAs in the United States for concentration of electrical engineers and technicians, and ranks first in Florida for number of patents (11) for every 10,000 workers. Advanced manufacturing growth and evolution is expanding our opportunities. Exciting new companies are landing here, and corporate brand names are expanding too–such as Fortune 500 company Harris Corporation–with an impressive new Technology Center and more than 6,000 employees locally. Manufacturing talent has a home here. And workers wishing to change careers have great options on the Space Coast of Florida.
• Information Technology
• Brevard County’s share of STEM employment was ranked 1st in Florida by the Brookings Institution and Milken Institute ranked Brevard County, Florida 6th in the U.S. for most concentrated high-tech economy. Major corporations call Brevard County home and this MSA (Metropolitan Statistical Area) ended up on Forbes’ first ranking of America’s Most Innovative Cities.
• The IT (Information Technology) Sector is important to Brevard and its future. CareerSource Brevard received an American Promise Grant to pursue collaborations and solutions in the IT sector. For additional information, contact Gary Sulski, I.T. Sector Strategy Program Manager.
• Economy in Brevard County, Florida
• Brevard County has an unemployment rate of 3.5%. The US average is 3.9%.
• Brevard County has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
• Tax Rates for Brevard County
• - The Sales Tax Rate for Brevard County is 7.0%. The US average is 7.3%.
• - The Income Tax Rate for Brevard County is 0.0%. The US average is 4.6%.
• - Tax Rates can have a big impact when Comparing Cost of Living.
• Income and Salaries for Brevard County
• - The average income of a Brevard County resident is $27,360 a year. The US average is $28,555 a year.
• - The Median household income of a Brevard County resident is $48,483 a year. The US average is $53,482 a year.

Description

Value Add Opportunity!
Enjoy an existing revenue stream from such well-known tenants as Big Lots, Tractor Supply Company, Dollar General, Rent A Center, Citi Trends and Subway, to name a few.
Outparcel Development Opportunities
Eastern Florida State College with a student population of 25,000 is about one mile west of Byrd Plaza.
Ample parking with over 1,200 spaces.
Total Yearly Expense: $338,756.16 Total Yearly Income: $851,541.72 NOI: $512,785,56. Complete income and expense information available after Broker Registration form is received and relationships verified.

Byrd Plaza Shopping Center is centrally located in Brevard County in the City of Cocoa, FL. The Plaza fronts both Dixon Boulevard to the north and US 1 to the east which is a major N/S artery that connects with SR 520 about 1.5 miles to the south, providing easy access to Merritt Island, Cocoa Beach and Interstate 95. SR 528 lies approximately 2 miles to the north and provides easy access to Port Canaveral and Interstate 95. The property is about 20 to 25 minutes from Kennedy Space Center to the north and Orlando/Melbourne International Airport to the south. Orlando International Airport is approximately 45 minutes to 1 hour to the west and accessed via State Road 528.