For Sale
$1,750,000

16591 Gator RdFort Myers, FL 33912

High-yield, single-tenant warehouse in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a stabilized, single-tenant warehouse located at 16591 Gator Rd, Fort Myers, FL 33912. The property, built in 2002, encompasses 4,032 square feet on a 1.29-acre lot and features a 16-foot ceiling height. Currently leased to Southeastern Traffic Supply, a credit-rated tenant, under a NNN lease with a remaining term of approximately 3.4 years (commencing April 1, 2023, and expiring March 31, 2028). The lease boasts 100% occupancy since May 1, 2023. The asking price is $1,750,000, representing a compelling cap rate of 6.60% and a price per square foot of $434.03. The property is zoned IPD (Lee County), allowing for a variety of uses including asphalt and concrete batch plants, manufacturing, heavy equipment sales/rentals, and outdoor storage. Its strategic location within the Alico Industrial Corridor, between US-41 and I-75, provides excellent access via the signalized intersection of Gator Road and Alico Road. This is a rare opportunity to acquire a high-performing industrial asset with significant upside potential in a thriving market. The property offers a strong tenant, long lease term, and excellent location, making it an ideal addition to any investment portfolio.

Highlights

  • $1,750,000 asking price for a stabilized, single-tenant warehouse investment.
  • 4,032 square foot warehouse on a 1.29-acre lot in Fort Myers, FL.
  • NNN lease with a credit-rated tenant (Southeastern Traffic Supply) for a remaining term of 3.4 years (expiring 3/31/2028).
  • 6.60% cap rate with 100% occupancy since May 1, 2023.
  • Heavy IPD zoning in Lee County allows for diverse industrial uses.

Property Details for 16591 Gator Rd

Property type
Warehouses, Industrial properties
Square Feet
4,032 SF
Year Built
2002
Buildings
1
Stories
1
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.4994108
Longitude
-81.8245496
16591 Gator Rd, Fort Myers, Florida

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16591 Gator Rd
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