1527 Chiquita BlvdCape Coral, FL 33991

Property Details for 1527 Chiquita Blvd

Lot size

2.12 AC

Zone code

C-1

Property type

Land

Property subtype

Commercial land

APN

22-44-23-C4-04433.0010

APU

224423C4044330010

Description

This exceptional investment opportunity presents a brand-new, fee-simple Tommy's Express Car Wash in Cape Coral, Florida. Built in 2024, this 5,247 square foot facility sits on a 2.15-acre lot at a high-traffic, signalized intersection on Chiquita Blvd S, experiencing over 30,000 cars daily. The property boasts a 20-year absolute NNN lease commencing November 1, 2024, with four 5-year renewal options, each including a 10% rent increase. The current asking price is $7,552,466, representing a 7.50% cap rate and a strong NOI of $566,435. The sale includes all car wash equipment, providing additional depreciation benefits. The location benefits from strong retail synergy, being near major retailers like Publix, Target, Aldi, and Walmart. Furthermore, the property is situated within a rapidly growing area, close to significant mixed-use developments like Hudson Creek and The Cove at 47th, adding to its long-term value. The area's affluent demographics, with over 160,000 residents within a 5-mile radius and an average household income exceeding $109,000 within a 1-mile radius, ensure consistent high demand. The property's proximity to Southwest Florida International Airport, serving over 10.3 million passengers annually, further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a booming Florida market, offering significant tax advantages as Florida is an income tax-free state. The property's address is 1527 Chiquita Blvd S, Cape Coral, FL 33991. APN: 22-44-23-C4-04433.0010.

• Alternative Use

  Use

  Valuation

  Residential

  $28,078,552

  Hospitality

  $25,719,804

  Educational

  $21,398,574

  Medical

  $22,134,504

  Retail

  $33,286,672

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.6233

Longitude

-82.0066

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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