Exceptional Investment Opportunity & Location

Retail-Commercial for Sale
Catylist Listing ID: 30405934
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 8,200 SF
Gross Building Area: See Agent
Gross Land Area: 1.92 Acres
Sale Price: $3,800,000
Unit Price: $463.41 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 8,200 SF
Sale Terms: Sale/Leaseback
Cap Rate: 7.26%
Last Updated: 5/25/2019

Overview / Comments

Single Tenant absolute NNN investment opportunity, 7.26% CAP RATE. The asset is a one-story, free-standing, sit-down restaurant facility located in a market that is fueled by a healthy blend of leisure and business generators. The property is located just off Daniels Parkway, also having frontage along the southbound exit ramp from I-75 at Daniels Parkway. The parcel is currently zoned CPD (Commercial Planned Development) under the zoning ordinances of Lee County and is designated General Interchange under the Lee County Future Land Use Plan. The parcel is serviced with full utilities. Regional Restaurant with 5 total locations in SWFL and growing. In the immediate vicinity of the property are dozens of restaurants as the Daniels Parkway exit of I-75 is one of Fort Myers' busiest. Other restaurants in the immediate vicinity include McDonald' s, Wendy' s, Taco Bell, Subway, Denny' s, Waffle House, Burger King, and an Arby' s. Additionally, due to the high traffic volume of the Daniels Parkway exit, there are several flagged hotels that are in the immediate vicinity.

Current Tenants

Tenant Business Name Rusty's Raw Bar & Grill
Industry Type Retail Trade
Is Renting? Yes

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 22452513000000040
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Daniels Parkway and the southbound exit ramp from I-75
Property Visibility: Excellent
Largest Nearby Street: Daniels Parkway
Highway Access: The property is located just off Daniels Parkway, also having frontage along the southbound exit ramp from I-75 at Daniels Parkway.
Airports: Fort Myers International Airport
Site Description: The asset is a one-story, free-standing, sit-down restaurant facility located in a market that is fueled by a healthy blend of leisure and business generators.
Area Description: The parcel is serviced with full utilities. Regional Restaurant with 5 total locations in SWFL and growing. In the immediate vicinity of the property are dozens of restaurants as the Daniels Parkway exit of I-75 is one of Fort Myers' busiest. Other restaurants in the immediate vicinity include McDonald' s, Wendy' s, Taco Bell, Subway, Denny' s, Waffle House, Burger King, and an Arby' s. Additionally, due to the high traffic volume of the Daniels Parkway exit, there are several flagged hotels that are in the immediate vicinity.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,200 SF
Property Condition: Good
Year Built: 2010
Year Renovated: 2018
Construction/Siding: Block
Total Parking Spaces: 120
Parking Ratio: 10 (per 1000 SF)
Zoning Description: The parcel is currently zoned CPD (Commercial Planned Development) under the zoning ordinances of Lee County and is designated General Interchange under the Lee County Future Land Use Plan.
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 29,067 90,584
Median Age: 50.05 41.39
Households: 12,831 37,276

Contact

Photograph of Listing Agent

Fernando Cortes

Premier Plus Realty Company
SWFLCA Member
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