Property Details

Pei Wei/Mattress 1 One/Eyeglass World

Ft. Myers (Estero), FL
Property ID: 4826

Financial Summary

Asking Price $7,466,000
Cap Rate 6.00%
Net Operating Income (NOI) $447,960
Lease Type NNN
Lease Term Remaining 10 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Patrick R. Nutt
Managing Partner
703.787.4714

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Highlights

  • Brand new strip center in Southwest Florida
  • National tenant roster
  • Directly across the street from Coconut Point Mall (1.2 million SF), one of the top shopping, dining, and entertainment destinations in Southwest Florida. Coconut Point Mall has over 140 stores including Target, Apple Store, Ruth’s Chris Steak House, and 16 screen Hollywood Theater
  • 10-year NNN leases
  • Excellent visibility on S Tamiami Trail
  • 10% rent bumps every 5 years
  • Florida has no state income tax

Location

22903-22907 Lyden Blvd
Ft. Myers (Estero), FL

Traci BidingerPei Wei/Mattress 1 One/Eyeglass World