FORTUNOFF BACKYARD STORE TENANT OVERVIEW

Transcription

1 FORTUNOFF BACKYARD STORE TENANT OVERVIEW

2 The Fortunoff Backyard Store is a mid-priced to high-end retailer of outdoor furniture and accessories. Their broad and unique product line features an array of quality patio and outdoor furniture, backyard accessories, grills, outdoor rugs, umbrellas and more. According to Casual Living Magazine, Fortunoff was rated #1 in the sale of outdoor furniture in the United States among specialty retailers. In 2016, Fortunoff Backyard Store, along with parent-company Chair King, generated an estimated $123.6 million dollars in sales. Fortunoff is one of the most recognizable names in the outdoor furniture industry to the consumer in the northeast. In 1922, Fortunoff started as a home, jewelry and furniture retailer by Max and Clara Fortunoff in Brooklyn, NY. The company s flagship store opened in 1964 in Westbury, NY as an anchor in a major retail shopping center built around the Fortunoff store. Fortunoff steadily grew and had four full-line stores in the chain that carried every product category for the home including jewelry, gifts and outdoor furniture and accessories, as well as 16 specialty stores, two of which sold jewelry and fine gifts and 14 of which focused on indoor and outdoor furniture. These 14 stores were known as Fortunoff Backyard Stores. Today, The Fortunoff Backyard store has 34 operating locations in New York, New Jersey, Connecticut, Delaware, Pennsylvania and Florida. NEW YORK Lake Grove Melville Patchogue Staten Island Westbury Poughkeepsie Nanuet Yonkers Riverhead NEW JERSEY Cherry Hill Eatontown Lawrenceville Brick Springfield Ledgewood Livingston Woodbridge Paramus Totowa CONNECTICUT Stamford DELAWARE Wilmington Newark (Christiana) PENNSYLVANIA King of Prussia Montgomeryville Exton FLORIDA Fort Lauderdale Fort Myers Stuart Boca Raton Naples Palm Beach Gardens Royal Palm Beach Sarasota

3 CHAIR KING BACKYARD STORE OVERVIEW

4 Fortunoff Backyard Store is majority owned by one of the largest outdoor retailers in the United States, Chair King. Chair King Backyard Store was founded in Houston in 1950 and has since grown to be the largest casual furniture retailer in Texas. Chair King offers the largest selection of casual furniture in the South, maintaining over $10 million in inventory. Chair King currently operates 18 Backyard Stores throughout Texas and continues to expand. The company also operates a design showroom, Leisure Collections, at the Houston Design Center. HOUSTON AREA Memorial Willowbrook Bay Area Stafford Kirby Humble Woodlands Katy DALLAS/FT WORTH Grapevine Arlington Hulen Rockwall Colony McKinney AUSTIN Lakeline Lakeway SAN ANTONIO Northwest Central

5 FORTUNOFF BACKYARD STORE SALE-LEASEBACK OPPORTUNITIES Woodbridge, NJ Size 13,514 SF PRICE UPON REQUEST Staten Island, NY Size 9,400 SF PRICE UPON REQUEST Riverhead, NY Size 13,645 SF PRICE UPON REQUEST DAVID LUCAS JULIUS M. FEINBLUM REAL ESTATE, INC. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY OFFICE (516) l CELL (516) DLUCAS@FURNITUREREALESTATE.COM FRED FEINBLUM JULIUS M. FEINBLUM REAL ESTATE, INC. OFFICE (516) l CELL (516) FFEINBLUM@FURNITUREREALESTATE.COM JEREMY ISAACS RIPCO REAL ESTATE CORP. 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY OFFICE (516) l CELL (516) JISAACS@RIPCONY.COM

6 127 W Kelly St (US 1) Woodbridge, NJ MARKET OVERVIEW Woodbridge, New Jersey is a city in Middlesex County with regional access via three major highways, The Garden State Parkway, The New Jersey Turnpike and I-287. PROPERTY HIGHLIGHTS The Fortunoff location in Woodbridge is a 13,514 SF building located on the major retail corridor US 1. US 1 has an average traffic count of 93,360 vehicles per day. The super regional, Menlo Park Mall, sits a half mile west of the location with major retailers such as Macy s and Nordstrom. About a mile northeast of the location is the Woodbridge Center which features more than 1.6 million square feet of retail space including major retailers such as Boscov s, JCPenney, Macy s and Sears. DEMOGRAPHICS 1-MILE 3-MILE 5-MILE POPULATION 14, , ,307 HOUSEHOLDS 4,973 43, ,136 MEDIAN HH INCOME $86,771 $84,390 $79,931 DAVID LUCAS JULIUS M. FEINBLUM REAL ESTATE, INC. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY OFFICE (516) l CELL (516) DLUCAS@FURNITUREREALESTATE.COM FRED FEINBLUM JULIUS M. FEINBLUM REAL ESTATE, INC. OFFICE (516) l CELL (516) FFEINBLUM@FURNITUREREALESTATE.COM JEREMY ISAACS RIPCO REAL ESTATE CORP. 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY OFFICE (516) l CELL (516) JISAACS@RIPCONY.COM

7 1 2 7 W K E L L Y S T W O O D B R I D G E N J VIEW FROM W KELLY ST VIEW FROM US 1

8 Retail Aerial 127 W Kelly St (US 1), Woodbridge, NJ

9 127 W Kelly St (US 1), Woodbridge, NJ

10 2075 Richmond Ave Staten Island, NY MARKET OVERVIEW Staten Island, New York is the southernmost borough of New York City. It sits between New York and New Jersey with direct access to Long Island and the other boroughs via i-278 and New Jersey via i- 278 and Route 440. PROPERTY HIGHLIGHTS The Fortunoff location in Staten Island is a 9,400 SF building located on Richmond Avenue in the heart of the regional trade area with superior exposure in the market. Richmond Avenue has an average traffic count of 44,299 vehicles per day. A mile south of the location is the only regional mall on Staten Island, the Staten Island Mall, which sees more than 12 million shoppers every year. The mall consists of 205 retailers, including JCPenney, Macy s, Sears, etc. Other major retailers in the area include Target, Best Buy, Lowe s, Pier Imports, Lowes, Raymour & Flanigan, Ashley Furniture HomeStore and more. DEMOGRAPHICS 1-MILE 3-MILE 5-MILE POPULATION 26, , ,525 HOUSEHOLDS 9,771 63, ,425 MEDIAN HH INCOME $77,053 $76,230 $69,338 DAVID LUCAS JULIUS M. FEINBLUM REAL ESTATE, INC. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY OFFICE (516) l CELL (516) DLUCAS@FURNITUREREALESTATE.COM FRED FEINBLUM JULIUS M. FEINBLUM REAL ESTATE, INC. OFFICE (516) l CELL (516) FFEINBLUM@FURNITUREREALESTATE.COM JEREMY ISAACS RIPCO REAL ESTATE CORP. 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY OFFICE (516) l CELL (516) JISAACS@RIPCONY.COM

11 R I C H M O N D A V E S T A T E N I S L A N D N Y

12 Retail Aerial 2075 Richmond Ave, Staten Island, NY Staten Island Pergament Mall

13 2075 Richmond Ave, Staten Island, NY

14 1189 Old Country Rd Riverhead, NY MARKET OVERVIEW Riverhead, New York is located on the North Shore of Long Island in eastern Suffolk County, 76 miles northeast of New York City. It is situated at the gateway to both the South Fork and North Fork of Long Island which are heavy touristic summer destinations where the population more than doubles during peak season. PROPERTY HIGHLIGHTS The Fortunoff location in Riverhead is a 13,645 SF building located on County Road 58 (Old Country Road) in the heart of Riverhead s retail hub. Old Country Road has an average traffic count of 25,342 vehicles per day. Two miles west of the location are the Tanger Outlets which has a significant consumer draw. Other major retailers in the area include Home Depot, Best Buy, Lowe s, Target, Costco, etc. DEMOGRAPHICS 1-MILE 3-MILE 5-MILE POPULATION 4,753 22,778 32,958 HOUSEHOLDS 1,568 8,241 11,994 MEDIAN HH INCOME $49,454 $54,914 $60,414 DAVID LUCAS JULIUS M. FEINBLUM REAL ESTATE, INC. 25 FAIRCHILD AVENUE, SUITE 500, PLAINVIEW, NY OFFICE (516) l CELL (516) DLUCAS@FURNITUREREALESTATE.COM FRED FEINBLUM JULIUS M. FEINBLUM REAL ESTATE, INC. OFFICE (516) l CELL (516) FFEINBLUM@FURNITUREREALESTATE.COM JEREMY ISAACS RIPCO REAL ESTATE CORP. 100 JERICHO QUADRANGLE, SUITE 120, JERICHO, NY OFFICE (516) l CELL (516) JISAACS@RIPCONY.COM

15 O L D C O U N T R Y R D R I V E R H E A D N Y

16 Retail Aerial 1189 Old Country Rd, Riverhead, NY

17 1189 Old Country Rd, Riverhead, NY