For Sale
$2,354,000

5003 Lee Blvd Lehigh Acres, FL 33971

High-growth Florida auto parts store. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 7,225 square foot freestanding O'Reilly Auto Parts store located in Lehigh Acres, Florida, on a 1.5-acre lot. The property boasts a prime location on Lee Boulevard, a major thoroughfare with a high volume of daily traffic (36,985 VPD), providing excellent visibility and accessibility. The building, constructed in 2018, features an attractive elevated brick and stucco façade. The property includes 36 parking spaces. This corporate net lease offers a substantial 14 years remaining on the primary term of a 20-year lease, with three 5-year renewal options. Rent increases are built in, with a 6% increase scheduled for 2028 and in each subsequent option period. The property generates a strong net operating income (NOI) of $135,384, representing a 5.75% cap rate on the asking price of $2,354,000 ($325.81 per square foot). The location benefits from proximity to major roadways including FL-82 and I-75, connecting Tampa to South Florida. Nearby established retailers include Family Dollar, 7-Eleven, Publix, Dollar General, Wawa, McDonald's, Wells Fargo, Dairy Queen, and Chase Bank, further enhancing the property's desirability and value. This is a rare opportunity to acquire a stable, high-performing investment in a thriving Florida market.

Highlights

  • 7,225 SF O'Reilly Auto Parts store on a 1.5-acre lot in Lehigh Acres, FL.
  • Corporate NNN lease with O'Reilly Auto Parts (ORLY), a major national retailer.
  • 20-year lease with 14 years remaining, plus three 5-year options; 6% rent increases built in.
  • High-traffic location on Lee Boulevard (36,985 VPD), near FL-82 and I-75, providing excellent visibility and access.
  • Strong tenant base with nearby retailers including Publix, Wawa, and other national brands.

Property Details for 5003 Lee Blvd

Property type
Retail properties, Freestanding property
Square Feet
7,225 SF
Year Built
2018
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Lehigh Acres
County
Lee
State
Florida
Latitude
26.6176413
Longitude
-81.7306885

FAQs

What type of property is this?
Retail property - High-growth Florida auto parts store. Strong tenant, long lease.
Where is the retail property located?
The property is located at 5003 Lee Blvd Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $2,354,000.
What are key features of this property?
This property features: 7,225 SF O'Reilly Auto Parts store on a 1.5-acre lot in Lehigh Acres, FL.; Corporate NNN lease with O'Reilly Auto Parts (ORLY), a major national retailer.; 20-year lease with 14 years remaining, plus three 5-year options; 6% rent increases built in.
How can I contact the broker?
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5003 Lee Blvd
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