Pelican Larry's Plaza Investment Opportunity

Shopping Center for Sale
Catylist Listing ID: 30335432
Property Subtypes: Mixed Use, Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 28,330 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $5,964,000
Unit Price: $210.52 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Pelican Larry's Plaza
Sale Terms: Undisclosed
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 10/3/2018

Overview / Comments

Ideally-located with nearly 520’ of frontage on Davis Boulevard, one of Collier County’s busiest east-west thoroughfares with both existing and new developments including high-end residential and commercial projects. Excellent exposure and easy access from six-laned Davis Boulevard via full median cut with turn lanes in both directions. The offering includes 16 of 17 individual retail condominiums situated in 2 adjacent buildings. These units are leased to a diverse and synchronistic group of tenants, anchored by Pelican Larry’s Raw Bar & Grill.

Additional Details

Nearest MSA: Naples-Immokalee-Marco Island
County: Collier
Zoning: PUD - PLANNED UNIT DEVELOPMENT (COLLIER COUNTY)
Property Located Between: Santa Barbara Blvd & Collier Blvd
Property Visibility: Excellent
Feet of Frontage: 520
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2006
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,982 55,587 112,102
Median Age: 55.06 50.79 45.25
Households: 3,379 25,080 45,895

Contact

Photograph of Listing Agent

Enn Luthringer, CCIM

CRE Consultants
SWFLCA Member
Photograph of Listing Agent

Stephen Reeves

CRE Consultants SWFLCA Member
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