9955 Triangle BlvdNaples, FL 34113

Property Details for 9955 Triangle Blvd

Year built

2016

Lot size

6.45 AC

Property size (Sq ft)

55,048 SF

Property type

Retail properties

Property subtype

Retail space

APN

77510402121

APU

77510402121

Description

This exceptional investment opportunity presents a single-tenant, 55,000-square-foot Hobby Lobby store situated on a 6.45-acre lot in Naples, Florida. Built in 2016, this freestanding building boasts a strong lease with a nationally recognized brand, Hobby Lobby, extending until November 30, 2031, representing over seven years of remaining lease term. The property features a current net operating income (NOI) of $577,500, translating to a compelling 5.83% capitalization rate and a price per square foot of $180. The current rent is below market value at $10.50 per square foot, with built-in rent increases every five years, ensuring consistent future income growth. Located at 9955 Triangle Blvd, Naples, FL 34113, this property benefits from its position in a high-traffic area within Collier County, characterized by strong demographics and high household incomes. The property's irreplaceable nature, combined with the long-term lease and built-in rent escalations, makes this a truly exceptional investment opportunity in one of Southwest Florida's most desirable markets. This is a single-story building offering significant upside potential for long-term investors seeking a stable, high-yielding asset.

• CAP approach

  CAP return

  Valuation

  6%

  $20,524,422

  6.5%

  $18,945,622

  7%

  $17,592,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,479,072

  Geo Method

  $48,479,072

• Alternative Use

  Use

  Valuation

  Residential

  $15,981,340

  Hospitality

  $14,638,822

  Educational

  $12,179,328

  Medical

  $12,598,194

  Retail

  $18,945,622

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.0673

Longitude

-81.7029

CBSA code

34940

CBSA name

NAPLES-MARCO ISLAND, 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].