2317 Skyline blvd - Auto Repair FOR SALE


Cape Coral, FL 33991
$2,717,000 USD
704-697-1900
2317 Skyline blvd, Cape Coral, FL for Sale
$2,717,000 USD
Auto Repair - FOR SALE
1/7
null | 4.6% Cap Rate

2317 Skyline blvd
Cape Coral, FL 33991


HIGHLIGHTS

  • POSITIONED IN PROMINENT RETAIL NODE
  • CORPORATE GUARANTEE - STRONG LEASE FUNDAMENTALS
  • HIGH GROWTH CAPE CORAL, FL

OVERVIEW

CORPORATE GUARANTEE - STRONG LEASE FUNDAMENTALS - Abs. NNN Ground Lease Provides Zero Landlord Responsibilities - 10% Rental Increases every 5 years, including all seven option periods - 20 year term with seven (7) five (5) year extensions - Discount Tire currently operates more than 1,200 locations nationwide PRICED BELOW REPLACEMENT COSTS - Asset is priced below replacement costs to build a new building - Below market rents protects the owner from in-market tenant flight risk while also providing additional upside to increase the rent in the future POSITIONED IN PROMINENT RETAIL NODE - Over 553K SF of retail space within a 1-mile radius while the Nearby Retailers include: The Home Depot (98th percentile in visits in FL & US), Lowe’s Home Improvement, Publix Supermarket, ALDI, and more - With a combined VPD of 75,000 at the intersection, the site benefits from multiple convenient points of ingress and egress, ensuring easy access and maximum exposure NEW CONSTRUCTION - Tenant is self-constructing the building to meet their specific use and prototype DENSE RESIDENTIAL AREA - Within a 1-mile radius of the Discount Tire the Average Household Income is over $89K - In the 5-miles surrounding the site there are over 68K homes according to - Within a 1-mile radius of the site there are 160 units of multifamily with a 12 month absorption of 82 units HIGH GROWTH CAPE CORAL, FL - Cape Coral is the 8th largest city in Florida and the largest city between Tampa and Miami - With its strategic location and rapid development, Cape Coral is projected to experience a 42% growth in population over the next 10 years

FOR SALE DETAILS

PRICE

$2,717,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,020 SF

ZONING

C-1

APN/PARCEL ID

26-44-23-C4-01906.0200

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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