Don Droke - Commercial Real Estate Showcase

Don Droke Property Listings
Berkshire Hathaway Florida Realty
24880 S Tamiami Trl
Suite 1
Bonita Springs, FL 34134

17521 N Tamiami Trail

Golf Cart Dealership
North Fort Myers, FL 33903-1403 - Cape Coral Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1962
Building Size:8,000 SF Land Area:1.03 AC (45,002 SF)
For Sale Price:$750,000 Price/SF:$93.75
Cap Rate:8.25 %

Sale Notes:
Cap Rate for this property = 8.25% with 3% escalations per year. MULTIPLE PROPERTIES, 7% CAP RATE. Rare opportunity to pick up three prime commercial investment properties all with solid NNN tenants in place. Tenant at two locations is one of the largest golf cart dealers in Southwest Florida; Third location is a charter school. Within three years, investment income will rise by 15+%. All three locations have additional 5+ year lease options. High cap rates paired with prime locations support strong equity appreciation potential-- all with high visibility and major road frontage. Portfolio includes 25400 Old 41 Rd in Bonita Springs, 13251 Cleveland Ave and 17521 N Tamiami Trail in Fort Myers. Please see supplemental Offering Memorandum for additional information. ABSOLUTELY NO SHOWINGS WITHOUT CONFIRMED APPOINTMENT. PLEASE DO NOT DISTURB TENANTS.

Location Desc.:

Two with direct US-41 frontage and third with direct Old 41 frontage.

Berkshire Hathaway Florida Realty
Don Droke
(239) 390-4016

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