155 Hancock Bridge PkwyCape Coral, FL 33990

Property Details for 155 Hancock Bridge Pkwy

Year built

1998

Lot size

1.20 AC

Property size (Sq ft)

15,098 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 15,098 square foot shopping center in Cape Coral, Florida, presents a compelling investment opportunity. Boasting a 6.67% cap rate and a strong NOI of $326,927, the property is fully leased with seven tenants, including the anchor tenant, Tires Plus, which occupies 36.56% of the gross leasable area. All tenants operate under NNN leases, minimizing owner expenses. Built in 1998 and situated on a 1.2-acre lot, the center underwent significant renovations in 2023, including a new roof, HVAC units, parking lot improvements, exterior paint, and landscaping. The property features ample parking to accommodate tenants and customers. The recent upgrades, combined with the strong tenant mix and 100% occupancy, ensure a stable and attractive return on investment. This fee-simple ownership offers a turnkey solution for investors seeking a high-performing retail asset in a thriving Florida market. Rent bumps are included in the lease agreements. The property's address is 155 Hancock Bridge Pkwy, Cape Coral, FL 33990. The APN is 13-44-23-C1-01095.0010.

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.6522

Longitude

-81.9711

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