Cape Coral Net Leased Investment

Shopping Center for Sale
Catylist Listing ID: 30710134
Property Subtypes: Community Center, Net Leased
Building Size (RSF): 7,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.45 Acres
Sale Price: $1,249,985
Unit Price: $173.61 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 4/1/2021

Overview / Comments

Fully leased well maintained high visibility 6 unit retail/office investment property on high traffic count area of Del Prado Blvd. S. All tenant leases are NNN and based on the current rent roll and expenses the property is generating a 6.5% CAP Rate. The property features outstanding pylon video signage on Del Prado and parking in the front and the rear with rear parking having alley access The property has had the following recent capital improvements: 1) New roof. 2) Six new AC units. 3) Six new hot water heaters. 4) New digital video pylon sign. 5) New security lights in rear. The property has 4 tenants including one restaurant. Please do not visit the property grounds or speak with the tenants. All inquiries must go through the listing agent. Prospective purchasers will be provided financial information upon the signing of a Confidentiality agreement. Arrangements will be made for buyer(s) to view the unit interiors upon the execution of a signed purchase agreement. This property is an excellent opportunity for an investor to own an income producing property in one of Southwest Florida's fastest growing Cities.
The property is sold "AS IS" with buyer's right to inspect. The property is a great fit for a local "hands on" owner.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 074524C3003950430
Retail Clientele: General, Family
Property Located Between: West side of Del Prado Blvd. between SE 44TH ST and SE 46TH ST
Property Visibility: Excellent
Largest Nearby Street: Cape Coral Parkway
Feet of Frontage: 120
Area Description: High traffic area of South Cape Coral just north of Cape Coral Parkway.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,200 SF
Property Condition: Excellent
Year Built: 1980
Roof Type: Flat
Parking Type: Surface
Parking Description: Front and rear parking lots. Rear parking lot has alley access.
Lot Frontage: 120
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,055 63,180 189,172
Median Age: 55.5 51.3 48.23
Households: 4,774 29,385 85,468


Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
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