3141 NE Pine Island Rd - Restaurant FOR SALE
Cape Coral, FL 33909 |
3141 NE Pine Island Rd
Cape Coral, FL 33909
HIGHLIGHTS
- Starbucks is located off the signalized, hard corner intersection of US Highway 41 and NE Pine Island Rd averaging 89,000 VPD
- The site benefits from close proximity to a new Residential Development at Merchant’s Crossing (279 Units), further increasing consumer traffic
- The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
- 2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
- Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Starbucks - N. Fort Myers
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
2500
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
34-43-24-03-000R0.0000
