Rare opportunity to acquire a well-positioned commercial investment along Periwinkle Way on Sanibel Island. The property offers existing income with a compelling value-add story driven by future lease rollover, rent growth and continued recovery of the Sanibel commercial market.
The tenant mix includes three restaurant spaces together with complementary retail/bike and medical-office uses, creating diversified income within one of Sanibel’s primary commercial corridors. The restaurant spaces represent a particularly attractive long-term opportunity, with ownership targeting future base rents in the approximately $35–$40+ PSF range as leases roll and market conditions support repositioning. Current CAM/NNN is approximately $10.00 PSF.
The investment thesis is straightforward: acquire an established Sanibel commercial asset with income in place today while retaining meaningful potential to increase NOI through future rental growth. Sanibel's limited commercial inventory, barriers to new development and destination-market characteristics make existing commercial properties difficult to replicate.
An excellent opportunity for an investor seeking a combination of current income, future NOI expansion and long-term ownership of commercial real estate on Sanibel Island.
Nick Paulus | Founder/Broker | Invest Florida, LLC | 239-292-3031