Description
Opportunity to acquire a fully stabilized neighborhood shopping center in the busiest commercial retail corridor in Fort Myers. This property features 3 standalone multi-tenant buildings, totaling 22,038 RSF which sit on an expensive lot (2.1 acres). The property is directly located on a hard- corner in one of the busiest sub-markets of Fort Myers. This investment opportunity features 95% occupancy, with a total of 11 tenants all on NNN lease agreements. The current diverse tenant mix are all at below-market lease rates which represents the potential to increase rates/income in the future. Roofs were replaced in 2020 and have a 15-year warranty. There are no outstanding repairs or maintenance needed.
School Ratings & Info
Description
Opportunity to acquire a fully stabilized neighborhood shopping center in the busiest commercial retail corridor in Fort Myers. This property features 3 standalone multi-tenant buildings, totaling 22,038 RSF which sit on an expensive lot (2.1 acres). The property is directly located on a hard- corner in one of the busiest sub-markets of Fort Myers. This investment opportunity features 95% occupancy, with a total of 11 tenants all on NNN lease agreements. The current diverse tenant mix are all at below-market lease rates which represents the potential to increase rates/income in the future. Roofs were replaced in 2020 and have a 15-year warranty. There are no outstanding repairs or maintenance needed.
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