For Sale
$4,900,000

382 9Th StNaples, FL 34102

Profitable Sherwin-Williams, prime Naples location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,075 square foot Sherwin-Williams convenience store located at 382 9th St S, Naples, FL 34102. The property sits on a 0.29-acre lot and includes 14 parking spaces. Currently operating under a triple-net lease (NNN), the store boasts a strong net operating income (NOI) of $85,132, yielding a 1.74% capitalization rate. The asking price is $4,900,000. Recent improvements include all-new showroom flooring, new bathroom tile, drywall repair up to two feet from the floor, and fresh paint throughout the building. The property is zoned for commercial use and presents significant potential for future commercial or residential development given its prime location in the highly desirable Naples market. Rent bumps are included in the lease agreement. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving Florida market. The property's strong tenant and excellent location make it an attractive investment for discerning buyers. Don't miss this opportunity to secure a piece of Naples' vibrant commercial landscape.

Highlights

  • $4,900,000 asking price for a 4,075 SF convenience store.
  • Sherwin-Williams NNN tenant in Naples, FL.
  • 1.74% cap rate with $85,132 NOI.
  • Located on a 0.29-acre lot with 14 parking spaces.
  • Recently renovated with new flooring, bathroom tile, and paint.

Property Details for 382 9Th St

Property type
Retail properties, Grocery and convenience stores
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.1433016
Longitude
-81.7952336
382 9Th St, Naples, Florida

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382 9Th St
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