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Off Market
1/14

2378 Surfside Blvd
Cape Coral, FL 33991


HIGHLIGHTS


OVERVIEW

SRS Investment Properties Group, as exclusive broker, is pleased to offer Surfside Shops - a 22,267± SF retail strip center located in Cape Coral, FL. The Property is shadow-anchored by and is an outparcel to Shops at Surfside – a community center anchored by Belk and Dollar Tree, and featuring tenants including Starbucks, Anytime Fitness, Fifth Third Bank, and Better Homes & Gardens – adding to the localized retail synergy. The tenant roster at the Property is characterized by an advantageous blend of internet-resistant retail uses, including almost 50% service-oriented tenants, over 36% food and restaurants, and just one retail tenant – all with NNN leases. Location Located in Cape Coral, just eight miles northwest of Downtown and 13 miles west of Fort Myers, Shops at Surfside is situated in Lee County – roughly 40 miles north of Naples and 110 miles south of St. Petersburg. A very popular tourist destination, Cape Coral is known for its powder white, sandy beaches, excellent fishing and a plethora of shopping. Part of the Cape Coral-Fort Myers, FL MSA, the area is home to a growing population of over 700,000 people. A master-planned city with a fixed number of commercial sites and high barriers to entry, Cape Coral’s population is projected to double over the next 20 years with limited retail shopping destinations to accommodate the influx of new residents. One of the fastest-growing markets in the country over the last several years, Cape Coral continues to experience a massive in-migration of not just retirees, but young entrepreneurs and growing families. With 109,198 people within a 5-mile radius of the Property, and a projected annual growth rate exceeding 2.5%, the local consumer population is set to jump to 121,464 by 2023. Ranked “#2 in the U.S. in Job Growth” by Forbes, Cape Coral hired more people per capita than any other city in the nation in the 1st quarter of 2018. Situated at the entrance to Sandoval - Lee County’s top-performing master-planned community – the center benefits from a strategic servicing location within the sub-market. Positioned at the signalized intersection of Veterans Memorial Parkway and Surfside Boulevard, it accesses 30,000 VPD in addition to the immediately adjacent consumers which reside in the 1,562 homes within Sandoval.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Surfside Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

11449

STORIES

1

YEAR BUILT

2007

SPRINKLERS

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PARKING SPACES

47

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

29-44-23-C3-00971.0010