For Sale
$4,900,000

382 9Th St Naples, FL 34102

Profitable Sherwin-Williams, prime Naples location.

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Retail property - Profitable Sherwin-Williams, prime Naples location.
Where is the retail property located?
The property is located at 382 9Th St Naples, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: $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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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382 9Th St
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