4704 Golden Gate PkwyNaples, FL 34116
- Retail properties
- 3,530 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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