4704 Golden Gate PkwyNaples, FL 34116

  • Retail properties
  • 3,530 SF
For Sale
$6,068,000 View listing

Property Details for 4704 Golden Gate Pkwy

Year built
1991
Lot size
1.30 AC
Property size (Sq ft)
3,530 SF
Property type
Retail properties
Property subtype
Retail space
APN
73248000022
APU
73248000022

Description

This exceptional investment opportunity presents a 3,537 square foot 7-Eleven convenience store and gas station located at a signalized hard corner on Golden Gate Parkway in Naples, Florida. Built in 2020, the property sits on a 0.99-acre lot and boasts a 15-year absolute NNN lease with 10.7 years remaining, including four 5-year renewal options. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property enjoys a 4.90% cap rate and a strong net operating income (NOI) of $297,360. The tenant, 7-Eleven (S&P rated A), is a globally recognized brand with over 85,000 stores worldwide, providing exceptional creditworthiness and stability. This location benefits from high visibility due to its placement on a major thoroughfare with over 13,800 vehicles per day, and proximity to Interstate 75 (21,900+ VPD). The surrounding area features a robust retail corridor with nationally recognized tenants, including Winn-Dixie, Walgreens, Planet Fitness, Dunkin', and AutoZone, along with several schools and residential neighborhoods, creating a consistent consumer base. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market. The property's address is 4704 Golden Gate Pkwy, Naples, FL 34116.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,425,390
    6.5%
    $1,315,745
    7%
    $1,221,763
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,598,261
    Geo Method
    $3,107,204
  • Alternative Use

    Use
    Valuation
    Residential
    $1,109,880
    Hospitality
    $1,016,644
    Educational
    $845,836
    Medical
    $874,926
    Retail
    $1,315,745
4704 Golden Gate Pkwy, Naples, Florida

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.1829
Longitude
-81.702
CBSA code
34940
CBSA name
NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,133
$2,443,389
$2,163,064
$4,606,453
-
$2,443,389
$2,163,064
$4,606,453

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