1701 Boy Scout Dr - Medical FOR SALE


Fort Myers, FL 33907- Page Park
$3,384,000 USD
650-678-7200
1701 Boy Scout Dr, Fort Myers, FL for Sale
$3,384,000 USD
Medical - FOR SALE
1/2
null | 5.15% Cap Rate

1701 Boy Scout Dr
Fort Myers, FL 33907
Page Park


HIGHLIGHTS

  • Brand-new 12-year absolute NNN lease with a 10% rental increase in years 6 & 11 and at the start of each extension option
  • Lease signed by tenant’s corporate entity – Heartland Dental, LLC
  • 2023 renovation which included new standing seam metal roof installation and resealed/restriped parking lot
  • Exposed to 54,887 vehicles per day in a dense, high-income area
  • Large 1.18 acre lot at signalized intersection
  • Densely populated metro – 163,783 residents within a 5-mile radius of the subject property

OVERVIEW

A rare absolute NNN Heartland Dental with a 12-year base term lease featuring a 10% rental increase in Year 6, Year 11, and at the start of each of the four, 5-year options. The subject property features significant frontage at the signalized intersection of Summerlin Road and Boy Scout Drive (54,887 VPD) and is just down the street from Page Field Commons – a 350,000 SF shopping center with major national tenants including Sam’s Club, Trader Joe’s, Best Buy, Dick’s Sporting Goods, Marshalls, and Old Navy.

FOR SALE DETAILS

PRICE

$3,384,000 USD

PRICE/SF

$624 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

CI

APN/PARCEL ID

11-45-24-P2-02800.0030

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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