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 |
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 |
|
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