For Sale
$6,500,000

1481 Pne Is Rd. CpeCape Coral, FL 33991

High-traffic retail space, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 20,000-square-foot storefront, located at 1481 Pine Island Rd in Cape Coral, Florida (zip code 33991), presents a lucrative investment opportunity. Priced at $6,500,000 ($325/sq ft), this property boasts a substantial 6.46% cap rate and a net operating income (NOI) of $420,000. Situated on a 2.81-acre lot, the property offers 90 parking spaces, ensuring ample convenience for customers. The building is currently occupied by a Goodwill store, a strong regional brand with over $50 million in annual revenue and consistent growth. This location benefits from its prime position on the highly sought-after Pine Island Road retail corridor, providing excellent visibility and frontage. The surrounding area is experiencing significant retail development, with recent additions including a 76 gas station, USPS, Take 5 Oil Change, Aldi, ABC Liquor, and a 55,000 square-foot Farmer Joe's grocery store. The tenant's financial transparency is readily available for review on Guidestar.org. This property represents a compelling investment in a thriving retail market. Lee County location.

Highlights

  • 20,000 SF storefront on 2.81 acres in Cape Coral, FL (33991), priced at $6,500,000 ($325/SF).
  • Strong, growing Goodwill tenant with over $50M annual revenue.
  • Prime Pine Island Road location with high visibility and ample frontage.
  • Significant retail development at the Pine Island & Chiquita intersection, including Aldi, Farmer Joe's, and others.
  • 90 parking spaces and 6.46% cap rate with $420,000 NOI.
  • Tenant's financials available on Guidestar.org.

Property Details for 1481 Pne Is Rd. Cpe

Property type
Retail properties, Retail space
Square Feet
20,000 SF
Lot Size (sq. ft)
122,404 SF

Location Insight

City
Cape Coral
County
Lee
State
Florida
Latitude
26.6402834
Longitude
-82.004186
1481 Pne Is Rd. Cpe, Cape Coral, Florida

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1481 Pne Is Rd. Cpe
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