Discount Beverage Center

Retail-Commercial for Sale
Catylist Listing ID: 30545220
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 4,486 SF
Gross Land Area: 16,875 SF
Sale Price: $839,000
Unit Price: $187.03 PSF
Ceiling: 14 ft.
Has Drive-Thru? Yes
Property Use Type: Investment, Business
Building Name: Discount Beverage Center
Usable Size (USF): 4,486 SF
Core Factor: 1%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/9/2020

Overview / Comments

Excellent opportunity to acquire a free -standing retail/office/ property with a
Drive Thru Beverage business that has been in this high traffic, high visibility, Del Prado Boulevard corner location with outstanding signage for 40 years. This is a package deal and the buyer must purchase both the business and Real Estate
together. The seller is retiring and has not been able to put in the time necessary to keep the business thriving. Great chance for a buyer to rejuvenate and expand the business and turn it back into a highly profitable venture. The owner's business occupies 2,243 SF and the remainder of the building contains 3 leased rental units that include two long term tenants offering the purchaser additional income. The business is basically being offered for the value of the equipment and inventory. Confidential, please don't speak to employees or tenants without listing agents.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: The Lee County Tax Collector for both the County and the City
Tax ID/APN: 194424C2007830290
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Government and Industrial Center, and Built-Out Residential Communities
Property Visibility: Excellent
Largest Nearby Street: Viscaya Blvd.
Feet of Frontage: 135
Traffic/Vehicle Count: 38,000
Highway Access: Located on Hard Corner at Del Prado Blvd., Acces from both Del Prado and SE. 10th Terrace.This is a very convenient quick-stop for consumables.
Airports: Southwest Florida International, and Page Field (heavy general and business aviation)
Area Description: Subject is located within a Ten (10) Minute drive time of 35,000 households whose median income is $53,000. Combined annual expenditures for off-premises alcoholic beverage and tobacco products was $27mm in 2019.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,486 SF
Property Condition: Good
Year Built: 1980
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Stucco Veneer - Roof replaced in 2012
Total Parking Spaces: 18
Parking Type: Surface
Parking Description: Typical lined blacktop
Sprinklers: None
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: DSL
Interior Description: Beverage store is functional and orderly. Tenant units are typical working retail and office configurations, all in good and orderly condition
Zoning Description: C-1 (Pedestrian Commercial - City of Cape Coral)
Lot Frontage: 135
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Easements Description: n/a
Land Ownership: fee simple
Legal Description: CAPE CORAL UNIT 22 BLK 783 PB 14 PG 10 LOTS 29 THRU 31 STRAP: 19-44-24-C2-00783.0290 Folio ID: 10170809

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,952 68,213 183,251
Median Age: 44.17 43.54 42.99
Households: 3,663 27,272 75,879


Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
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