NNN investment Cape Coral

Office for Sale
Catylist Listing ID: 30809707
Property Subtypes: Medical, Net Leased
Building Size (RSF): 1,862 SF
Gross Building Area: See Agent
Gross Land Area: 20,000 SF
Sale Price: $568,000
Unit Price: $305.05 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Last Updated: 7/21/2022

Overview / Comments

Net leased single tenant medical office building on a 20,000 SF site that features a large side parking lot, pylon signage, 160' of highway visibility, and easy access on a busy section of Del Prado Boulevard. The long term Doctor tenant is in the second year of a new 5 year lease with the first 3 years at the same rate. Years 4 & 5 and the 3 each single year renewals have escalations. The property offers an investor a solid return now and based on the continuing rapid growth of Cape Coral and the size and location of the property it is well positioned for future redevelopment. The site can also have alley access.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 064524C300526055A
Property Visibility: Excellent
Highway Access: Driveway cut off of Del Prado Blvd. S.
Site Description: 160' of Del Prado Blvd. frontage
Area Description: Busy section of South Del Prado Blvd.
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface
Parking Description: Large side parking lot
Lot Frontage: 160'
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,361 72,551 196,666
Median Age: 55.44 49.01 47.03
Households: 4,507 32,416 86,906

Contact

Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
SWFLCA Member
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