1712 Del Prado Blvd S - Freestanding FOR SALE


Cape Coral, FL 33990- Hancock
$2,255,923 USD
772-539-1153
1712 Del Prado Blvd S, Cape Coral, FL for Sale
$2,255,923 USD
Freestanding - FOR SALE
1/4
null | 7.75% Cap Rate

1712 Del Prado Blvd S
Cape Coral, FL 33990
Hancock


OVERVIEW

LONG TERM LEASE Green Dragon is operating under a new 15-year lease with over 13 years remaining on the initial term, along with multiple five-year renewal options. ATTRACTIVE RENT INCREASES The lease incorporates 2.5% yearly rent increases throughout the remaining term and renewal options, providing steady revenue growth and serving as a buffer against inflation. PRIME RETAIL LOCATION Green Dragon occupies a highly visible site on Del Prado Boulevard, Cape Coral’s main retail artery. Directly opposite a Walmart Supercenter, the property benefits from constant exposure to heavy vehicular traffic. Property is also directly across the street Coral Point Shopping Center which includes Publix’s, Ross Dress for Less, Staples, McDonalds, Regions Bank & Moe’s Southwest Grill, A strong lineup of national retailers in the immediate area adds to its draw, while the surrounding dense residential neighborhoods provide a steady base of customers. SURROUNDING AREA The surrounding trade area features a deep roster of national retailers and restaurants that keep the corridor consistently active. Major anchors include Walmart Supercenter, Publix, Aldi, TJ Maxx, Ross, Hobby Lobby, Bealls, HomeGoods, ULTA, Burlington, and Staples. Dining options range from quick service favorites like McDonald’s, Taco Bell, Wendy’s, Starbucks, KFC, and Jersey Mike’s to casual sit-down spots including Applebee’s, Denny’s, and Waffle House. Additional traffic is driven by service and convenience operators such as Walgreens, Dollar Tree, Bank of America, Chase, Truist, Sherwin-Williams, Advance Auto Parts, Pep Boys, Firestone, and Goodyear. STRONG TRAFFIC & DEMOGRAPHICS Located along Del Prado Boulevard, the property benefits from outstanding exposure with over 58,500 vehicles passing by each day. The surrounding trade area offers a strong and growing customer base, with more than 66,800 residents within a 3-mile radius earning an average household income of $100,487. Expanding to a 5-mile radius, the population increases to over 184,100 with an average household income of $99,844 — providing both high visibility and substantial buying power in the immediate area.

FOR SALE DETAILS

PRICE

$2,255,923 USD

PRICE/SF

$583 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C-1

APN/PARCEL ID

30-44-24-C2-00699.0060

ASK ABOUT THIS PROPERTY

Charles MoodyVero Capital GroupMore Info
772-539-1153

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Charles MoodyVero Capital GroupMore Info
772-539-1153

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