4898 Davis BlvdNaples, FL 34104

Property Details for 4898 Davis Blvd

Year built

1988

Lot size

0.52 AC

Property size (Sq ft)

4,520 SF

Zone code

PUD

Property type

Office buildings

APN

52853320008

APU

52853320008

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased shopping center/storefront in Naples, Florida. The property, a 4,459 square foot building constructed in 2023, is 100% occupied by Heartland Dental, a creditworthy corporate tenant with a strong financial history. The lease, commencing July 1, 2023, and expiring September 30, 2033, offers a remaining term of 8.9 years with built-in rent bumps of 10% every five years and three five-year lease options. The property boasts a strong cap rate of 5.75% and a current NOI of $189,840, with a price per square foot of $740.75. Located on a 0.516-acre lot at 4898 Davis Blvd, Naples, FL 34104, this property benefits from its prime location in a high-growth, affluent market, situated on a highly trafficked retail corridor with over 4,500 homes within a one-mile radius and significant retail space within a two-mile radius. The building is situated in a Publix-anchored center experiencing 654,000 visits annually. The property is also conveniently located near schools and a country club, further enhancing its appeal. The state of Florida's 0% state income tax adds to the investment's attractiveness. This is a rare opportunity to acquire a high-quality, net-leased asset with a strong tenant and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,198,976

  6.5%

  $1,106,747

  7%

  $1,027,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $906,755

  Geo Method

  $1,335,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,372,366

  Hospitality

  $1,257,080

  Educational

  $1,045,876

  Medical

  $1,081,845

  Retail

  $1,626,918

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.1383

Longitude

-81.7475

CBSA code

34940

CBSA name

NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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