3045 Fowler St - Auto Repair FOR SALE


Fort Myers, FL 33901- Breezewood
$1,700,000 USD
239-220-3042
3045 Fowler St, Fort Myers, FL for Sale
$1,700,000 USD
Auto Repair - FOR SALE
1/6
null | 5.2% Cap Rate

3045 Fowler St
Fort Myers, FL 33901
Breezewood


HIGHLIGHTS

  • Long Term Tenant
  • High Visibility
  • High Traffic Count

OVERVIEW

This freestanding automotive sales and service center is available for sale as an investment property with a long-term tenant in place. Being offered at a 5% CAP Rate, the current annual gross income is $101,846.40 with 3% annual escalations. The lease has 8 years remaining, expiring on February 28, 2033, with (1) one (3) three-year Option to Renew. The current tenant has been in this same location since 2012 and recently signed a new lease, which includes a personal guarantee. The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 27,697 AADT (2024 Annual Average Daily Traffic) per the Lee County TCDS.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Property with Long Term Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,999 SF

ZONING

CI

APN/PARCEL ID

25-44-24-P2-00100.015F

ASK ABOUT THIS PROPERTY

Ethan SchumacherVIP Realty - CommercialMore Info
239-220-3042

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Ethan SchumacherVIP Realty - CommercialMore Info
239-220-3042

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