16480 Tamiami TrlFort Myers, FL 33908

Property Details for 16480 Tamiami Trl

Year built

1980

Construction

STEEL FRAME

Lot size

1.92 AC

Property size (Sq ft)

20,955 SF

Zone code

C-1

Property type

Retail space

APN

01-46-24-00-00006.001E

APU

0146240000006001E

Description

This exceptional investment opportunity presents a 20,112-square-foot Goodwill storefront located at 16480 S Tamiami Trail, Fort Myers, FL 33908. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $262,500. The absolute NNN lease with Goodwill Industries of Southwest Florida, Inc., a financially robust tenant (2021 revenue: $47.61M, net income: $2.91M), extends until December 30, 2033, offering 9.1 years of remaining lease term. The lease includes 5% rent bumps every five years, ensuring consistent income growth. Built in 1980 and extensively renovated in 2018, the property sits on a 1.92-acre lot with 53 parking spaces. Its prime location within a dense retail corridor (1.7M SF within 2 miles), coupled with a high population density (114,877 residents within 5 miles) and affluent demographics ($134,792 average household income within 1 mile), guarantees strong tenant performance. The property benefits from high visibility at a signalized intersection (S Tamiami Trl & Island Park Rd, 61,650 vehicles per day), proximity to major employers, educational institutions (Florida Southwestern State College & Florida Gulf Coast University), and healthcare facilities (Gulf Coast Medical Center), further enhancing its value. The property is zoned for commercial use and offers a significant return on investment. The asking price is $4,375,000, translating to $217.53 per square foot. Lease options include 3 and 5-year terms.

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5024

Longitude

-81.858

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].