27791 Tamiami TrlBonita Springs, FL 34134

Property Details for 27791 Tamiami Trl

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

6,784 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

33-47-25-B3-00260.002A

APU

334725B300260002A

Description

This exceptional investment opportunity presents a 6,880-square-foot Advance Auto Parts retail property located at 27791 South Tamiami Trail, Bonita Springs, Florida, 34134. The property sits on a one-acre lot and boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $249,756. The property is currently 100% occupied under a Net Lease (NNN) agreement with Advance Auto Parts, a publicly traded company (NYSE: AAP) with an investment-grade credit rating (BBB- from S&P and Baa2 from Moody's) and over $11.3 billion in annual sales (2023). The lease, with a corporate guarantee, commenced December 8, 2005, and has a remaining term of approximately 4.8 years, expiring August 31, 2029. Two five-year lease options are included, with 5% rent bumps at each option exercise. The asking price is $3,444,910, translating to a price per square foot of $500.71. This strategically positioned property benefits from its location on a busy retail corridor with high daily vehicle traffic. The surrounding area has a significant population with high average household income, further enhancing the investment's appeal. The property's essential nature within the automotive aftermarket parts industry makes it a resilient investment, relatively immune to e-commerce disruption and economic downturns.

Location Insight

City

Bonita Springs

County

Lee

State

Florida

Latitude

26.3346

Longitude

-81.8055

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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