Subway Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30351926
Property Subtypes: Mixed Use, Street Retail
Building Status: Proposed
Building Size (RSF): 7,350 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 6/19/2019

Overview / Comments

Multi-tenant retail and office corner property on six lane, heavily traffic Tamiami Trail (US 41). Second floor is currently leased as residential, but could be converted to office.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $11,758 (Annual)
Gross Operating Income $162,517 (Annual)
Net Operating Income $132,324 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Naples-Immokalee-Marco Island
County: Collier
Tax ID/APN: 62412280003
Retail Clientele: Business, Casino
Property Located Between: Southwest corner of Tamiami Trail (US 41) and 106th Ave
Property Visibility: Excellent
Largest Nearby Street: Immokalee Rd
Feet of Frontage: 145
Traffic/Vehicle Count: 55,000
Highway Access: Access to US 41 (Taimiami Trl) via 106th Ave
Site Description: High visibility corner
Area Description: High traffic retail corridor
Tenancy: Multiple Tenants
Number of Stories: 2
Typical SF / Floor: 1,200 SF
Property Condition: Average
Year Built: 1974
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Stucco
Total Parking Spaces: 30
Parking Type: Surface
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Built out to current tenant uses
Zoning Description: High density commercial
Lot Frontage: 145
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,939 46,151 95,779
Median Age: 48.69 54.99 53
Households: 4,194 22,308 45,634

Contact

Photograph of Listing Agent

Bruce S. Preble

Commercial Realty Specialists LLC
SWFLCA Member
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