Fully Leased Investment Property with Restaurant and Retail Units

Retail-Commercial for Sale
Catylist Listing ID: 30173993
Property Subtypes: Restaurant
Building Size (RSF): 12,768 SF
Gross Building Area: See Agent
Gross Land Area: 1.45 Acres
Sale Price: $1,150,000
Unit Price: $90.07 PSF
Property Use Type: Investment
Sale Terms: Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/19/2018

Overview / Comments


Themed restaurant with 4COP SRX license has stable year round client base. Outdoor covered tiki bar is usually crowded - Indoor entertainment (on stage) usually fills the room. Retail units behind restaurant provide dependable rental income. One may purchase real estate and business as going concern, or real estate only with Seller lease-back of restaurant. Site has excellent high visibility frontage with animated marquee sign. Lot includes large auxiliary parking area (see aerial).

Centrally located on major artery connecting Cape Coral with Fort Myers and N. Fort Myers. Public park on west side directly across street. Close neighborhood is not noise sensitive.

- 5 year restaurant lease, others are 1 year
- Traffic counts: 30,000 trips per day at signalized intersection on major artery
- Commercial/Retail space in demand
- Room for rent increases
- Eventual redevelopment opportunities abound

Attachments & Media

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 08-44-24-C3-00006.0060
Property Visibility: Excellent
Largest Nearby Street: Hancock Bridge Pkwy
Feet of Frontage: 86
Traffic/Vehicle Count: 20,000
Highway Access: Freeway Visibility
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 1961
Construction/Siding: Concrete
Total Parking Spaces: 68
Parking Ratio: 5.4 (per 1000 SF)
Zoning Description: C1-D

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,109 63,523 164,221
Median Age: 45.14 43.83 42.9
Households: 4,840 26,313 67,617


Photograph of Listing Agent

Robert DeRupo, PA

Commercial Realty Associates of SWFL
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