For Sale
$2,736,000

9250 6 Mile Cypress PkwyFort Myers, FL 33966

Fort Myers, FL Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,036 square foot storefront in Fort Myers, Florida, currently occupied by Heartland Dental under a corporate-guaranteed net lease. The lease, commencing September 24, 2021, and expiring September 30, 2031, offers a substantial remaining term of 6.9 years. The property boasts a strong 5.90% cap rate and a Net Operating Income (NOI) of $161,440, with a sale price of $2,736,000 ($677.90 per square foot). Built in 2007 and renovated in 2020, this single-tenant property sits on a 1.24-acre lot and benefits from built-in rent bumps of 10% every five years, along with four and five-year lease options. The property enjoys a prime location within a thriving retail corridor, surrounded by major national retailers including Walmart, Lowe's, Kohl's, Home Depot, Target, and Publix. The surrounding area demonstrates significant growth potential, with projections indicating a 10%+ increase in population and households within a five-mile radius by 2028. This presents a secure, high-yield investment with significant long-term growth prospects. 100% occupancy ensures immediate cash flow.

Highlights

  • 10-Year Corporate-Guaranteed Net Lease with Heartland Dental.
  • 10% Rent Increases Every 5 Years, Multiple Renewal Options.
  • Excellent Location: Surrounded by National Retailers (Walmart, Lowe's, Kohl's, Home Depot, Target, Publix).
  • Strong Trade Area: 138,560 Residents within a Five-Mile Radius.
  • High Growth Potential: Projected 10%+ Population & Household Increase within Five Miles by 2028.

Property Details for 9250 6 Mile Cypress Pkwy

Property type
Retail properties, Retail space
Square Feet
4,036 SF
Year Built
2007
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.60954
Longitude
-81.8119778
9250 6 Mile Cypress Pkwy, Fort Myers, Florida

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9250 6 Mile Cypress Pkwy
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