Pier 1 Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30345490
Property Subtypes: Free-Standing Building
Building Size (RSF): 18,065 SF
Gross Land Area: 98,446 SF
Sale Price: $3,950,000
Unit Price: $218.65 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Pier 1 Imports Plaza
Sale Terms: Cash to Seller
Cap Rate: 7.73%
Average Occupancy Rate: 100
Last Updated: 10/27/2018

Overview / Comments

Fully leased retail center on the busy corner of Summerlin Blvd and Pine Ridge Blvd. Anchored by Pier 1 Imports, with long term lease in place. Seller will master lease short term leases for 3 years after closing.

Area booming with growth, including new Walmart, 224 Luxury Apartments, New Aldi grocery store, ABC Liquor, Heartland Dental and Family Health Centers all recently built or under construction immediately surrounding the property.

Summerlin Blvd is the main access corridor to Fort Myers Beach, Sanibel & Captiva Islands.

Attachments & Media

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Lee County
Tax ID/APN: 08-46-24-00-00001.003A
Zoning: CG
Retail Clientele: General, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Summerlin Blvd
Feet of Frontage: 430
Traffic/Vehicle Count: 34,000
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2006
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 430
Lot Depth: 230
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,783 38,984 89,487
Median Age: 63.48 57.14 56.22
Households: 2,108 19,467 45,780
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Southwest Florida Commercial Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.