Parrish Nexxus Development Project
Lease Opportunities
Property Summary
Parrish Nexxus encompasses approximately 11 acres and is situated at 11890 & 11910 N. Rte 301 in Manatee County, FL. This prime location is conveniently located approximately 50 minutes or 50 miles south of Tampa and just 35 minutes northeast of Sarasota.
The property itself has prominent frontage along U.S. Route 301 and Fort Hamer Road. U.S. Route 301 is a significant thoroughfare that stretches from the southern Sarasota area, crosses the Manatee River en route to Tampa, and then extends northeastward toward Georgia. Notably, in the vicinity of our subject site, Route 301 has been expanded to accommodate four through-lanes, with the inclusion of dedicated turning lanes in the section adjacent to our property. Fort Hamer Road was recently extended, increasing visibility to the site from the north and northeast. It connects to Moccasin Wallow Road to the north, and will ultimately terminate at I-75.
The integration of more than twenty thousand new homes, coupled with the forthcoming completion of new schools, two hospitals, and the establishment of a new State College of Florida campus just north of the site, all within the context of ongoing retail development along the 301 corridor and the rejuvenation of downtown Parrish, is poised to catalyze substantial population growth and lead to remarkable increases in Average Annual Daily Traffic (AADT).
This strategic location has been the focus of corridor studies dating back to pre-2010, and it is currently experiencing a surge in traffic volume. This growth can be attributed to a robust lineup of both private and public development initiatives in the area, collectively contributing to the rapid increase in traffic flow. Parrish Nexxus' proximity to major transportation routes and the burgeoning momentum of surrounding projects make it a promising investment opportunity at the heart of this dynamic corridor.
Market Overview
Manatee County has witnessed remarkable growth and now ranks as the 7th fastest-growing county in Florida. The county's growth trajectory has been impressive, with a cumulative growth rate of 27.6% recorded from 2010 to 2021. As of the 2020 United States census, Manatee County was home to 399,710 residents, residing in 150,345 households, with 99,157 families.
The population distribution by age reveals a diverse demographic landscape, including 4.6% under the age of 5 years old, 18.0% under the age of 18 years old, 50.7% falling within the 18-65 age bracket, and 28.1% aged 65 and over. Moreover, the population exhibited a nearly even gender split, with 51.7% being female.
Taking a closer look at Parrish, this locale is rapidly emerging as one of Manatee County's most swiftly growing areas. The surging demand for retail establishments aligns with the ongoing construction of new homes, creating a vibrant local economy. In 2020, the median household income in Parrish stood at an impressive $96,045, reflecting the area's economic vitality. The data underscores Manatee County's attractiveness as a destination for both residents and businesses, with Parrish standing out as a thriving hub within this dynamic landscape.
Property Highlights
- Parrish, Florida is one of Manatee County's fastest growing areas, with a demand for retail soaring as developers continue to build new homes.
- Proposed Retail Development - 6 spaces available.
- Delivery expected Second-Third Quarter 2025.
- Excellent visibility, traffic and demographics, and is surrounded by major residential development of over 10,000 units.
- BayCare Health System Hospital and State College of Florida campus planned for Parrish
- Comprised of a mix of retail, restaurant, service and ground lease tenants.
- Ground lease and NNN lease terms available.
Property Highlights
Property Highlights
Excellent Visibility | Increased Visibility Underway | +/- 16,500 ADT
This parcel is positioned directly off of US HWY 301 which boasts +/- 16,500 ADT providing any future development with excellent visibility. Additionally, Fort Hamer Rd. has been extended, providing increased visibility to the site from the north and northeast, and it connects to Moccasin Wallow Road (an area of high development discussed below) and will ultimately terminate at I-75.
Development in Parrish
Major Surrounding Multi-Family and Retail Developments
There are several major developments underway within a close proximity to the site boosting both the nearby population and economic development.
· North River Ranch: Situated to the north of the site, North River Ranch is an expansive 2,600-acre master-planned community at the intersection of Moccasin Wallow Road and Route 301. This visionary development encompasses approximately 6,500 residences, an extensive 2001-acre health-oriented Village Center featuring medical offices, a newly established 150+ bed hospital, and a grocery-anchored retail center known as Market Walk.
· Robinson Gateway Development: Located at Moccasin Wallow and I-75, the Robinson Gateway Development is another substantial endeavor. It encompasses approximately 2,000 multi-family units, a sprawling 600,000 square feet of office space, a 250-room hotel, and an impressive six-story hospital with 207 beds, complemented by a 170,000 square foot dental office.
· Gamble Creek Village: To the east of Route 301 on State Road 62, Gamble Creek Village is envisioned as a sustainable, self-contained rural village. This development plan includes around 7,200 units, offering a mix of single-family and multi-family homes.
· Cross Creek Development: Positioned to the south of the subject site, Cross Creek development is introducing a four-story multifamily building comprising 144 units on a new 15-acre site along Fort Hamer Road.
· Seaire by Metro Development Group: Metro Development Group has initiated the construction of Seaire, a master-planned community spanning approximately 600 acres on Moccasin Wallow Road, which is projected to feature approximately 3,000 homes.
· Retail Expansion: There is a surge in construction activity for various retail spaces along Route 301 and Moccasin Wallow Road, further enhancing the commercial landscape in the area.
· State College of Florida: The State College of Florida has proposed the development of a new campus to the north of the site, specifically on Erie Road, indicating a commitment to educational expansion in the region.
These developments collectively underscore the dynamic growth and investment opportunities
within the vicinity, making it an increasingly attractive area for both residents and businesses alike.