1511 NE Pine Island Rd - Storefront FOR SALE


Cape Coral, FL 33909- Diplomat
$8,088,000 USD
980-498-3293
1511 NE Pine Island Rd, Cape Coral, FL for Sale
$8,088,000 USD
Storefront - FOR SALE
1/5
null | 6.15% Cap Rate

1511 NE Pine Island Rd
Cape Coral, FL 33909
Diplomat


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS
  • HIGH GROWTH CAPE CORAL, FL MARKET
  • HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR

OVERVIEW

HIGH GROWTH CAPE CORAL, FL MARKET - More than 142K people live within a 3-mile radius - AAHI exceeds $70K in a 3-mile radius - Cape Coral is the 8th largest city in FL, and the largest city between Tampa and Miami - Cape Coral forecasts a 42% growth over the next 10 years BRAND NAME TENANT MIX - The center includes Sage Dental (80+ locations), Papa Johns (5,500+ locations), Huey Magoos (68+ locations), Naples Wax (3 locations), Pei Wei (119+ locations), and Choppers Hair Garage (3 locations) ATTRACTIVE LEASE FUNDAMENTALS - All newly signed leases provides 10 years of WALT for long term stability for the next investor with rental increases throughout the base terms - Each lease is structured NNN, providing minimal landlord responsibility & exposure HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR - More than 54,500 cars travel Pine Island Rd - Over 91K combined cars at the Pine Island & Del Prado Blvd intersection - Over 1.5MSF of retail located in 1-mile radius boasting a 2.0% vacancy rate - Nearby National Tenant’s include: Lowe’s Home Improvement, Target, Publix, Chick-Fil-A ACCESSIBLE LOCATION & TENANT SYNERGIES - Cross access with adjacent center’s parking lot providing two points of ingress and egress on Pine Island Rd & Del Prado Blvd while also sharing customers across the multiple retail users NEW CONSTRUCTION - New construction will limit next owner’s risk to capital repairs during the hold period | Transferable warranties in place

FOR SALE DETAILS

PRICE

$8,088,000 USD

PRICE/SF

$674 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cape Coral Commons II

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

CC

APN/PARCEL ID

06-44-24-C3-0100A.0010

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.