For Sale | 100% Leased | 6.43% Cap Rate

Retail-Commercial for Sale
Catylist Listing ID: 30798666
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,189 SF
Gross Land Area: 0.53 Acres
Sale Price: $1,980,000
Unit Price: $241.79 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.43%
Average Occupancy Rate: 100
Last Updated: 5/27/2022

Overview / Comments

• Property is directly across from EDISON MALL and on same signalized intersection as entrance to Mall. This location has great visibility. Pylon and marquee signage.
• FULLY LEASED! The property was renovated in 2017 and 2018 with a whole new roof and exterior paint job plus one unit.
• Cleveland Ave. (US 41) is the main north/south thoroughfare.
• Request OM - Confidentiality Agreement is required.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 354424P3000680090
Zoning: C1
Market Type: Medium
Retail Clientele: General, Business
Property Located Between: Colonial Blvd. and Winkler Ave.
Side of Street: West
Road Type: Paved, Highway
Property Visibility: Excellent
Largest Nearby Street: US 41
Feet of Frontage: 113
Traffic/Vehicle Count: 36,000
Transportation: Bus, Highway, Airport, Taxi
Highway Access: U.S. 41 frontage / 5 miles to I-75 exit 136; 11 minutes to Del Prado Blvd. via Veterans Pkwy. (Cape Coral)
Airports: RSW
Site Description: Level site with in/out on Cleveland and in/out on Courtney Dr. Signalized Intersection
Area Description: Major commercial / retail district
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1970
Year Renovated: 2018
Construction/Siding: Concrete
Exterior Description: CBS
Total Parking Spaces: 23
Parking Ratio: 2.9 (per 1000 SF)
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Commercial Intensive (CI), City of Fort Myers
Lot Frontage: 113
Lot Depth: 203
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PARL IN NE 1/4 OF SE 1/4 DESC IN OR 997 PG 788

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,650 71,867 164,752
Median Age: 36.49 40.03 43.62
Households: 4,408 30,652 70,846

Contact

Photograph of Listing Agent

Michael J. Frye, CCIM|CEO

RE/MAX REALTY GROUP SWFLCA Member
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