$3,545,000 USD
954-302-7365
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
$3,545,000 USD
PRICE/SF
$1,418 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks - N. Fort Myers
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,148 SF
ZONING
CPD
APN/PARCEL ID
34-43-24-03-000R0.0000
ASK ABOUT THIS PROPERTY
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954-302-7365
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Please correct the highlighted field(s).
954-302-7365
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
