1011 SW Pine Island Rd - Auto Repair FOR SALE


Cape Coral, FL 33991- Mariner
$2,975,000 USD
239-770-2940
1011 SW Pine Island Rd, Cape Coral, FL for Sale
$2,975,000 USD
Auto Repair - FOR SALE
1/9
null | 6.1% Cap Rate

1011 SW Pine Island Rd
Cape Coral, FL 33991
Mariner


HIGHLIGHTS

  • Corp Guaranteed by Monro, a publicly traded company with 10 national brands and 1,289 locations nationwide
  • Modified NNN Lease - Landlord Only Responsible for Roof & Structure
  • Essential retailer, recession proof - Ideally located as the 1st Auto / Tire Center Heading East from West Cape Coral and the Barrier Islands
  • Massive Combined ADT of 66,000 Cars Per Day on SW Pine Island Rd, HH income for Customer Base of Auto / Tire Business of $84,625
  • Unprecedented Forecasted Population Growth Rate + 5 Year Forecasts 25% - 1 Mile | 13.8% - 3 Miles
  • Cape Coral / Ft. Myers, Florida is among the Fastest Growing Metro Markets in The Nation, Population of Cape Coral forecasted to double in next 20 yrs

OVERVIEW

CBRE is pleased to present an extremely rare investment property opportunity to purchase a corporate Tire Choice property in one of the entire country’s highest growing corridors. Tire Choice offers an investor to purchase a property located in the highest growth corridor in all of Cape Coral, Florida while capitalizing on a true captive audience / customer base with ideal income lineage as the ideal consumer base.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$551 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Commercial

APN/PARCEL ID

15-44-23-C2-12361.1060,15-44-23-C2-12361.1070,15-44-23-C3-12361.1020,15-44-23-C3-12361.1050

ASK ABOUT THIS PROPERTY

239-770-2940

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239-770-2940

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