975 Imperial Golf Course Boulevard
Naples, FL
Shopping Center for Sale - $824,080 - 4,420 Sq. Ft.
Property Info
CIMLS# | 868610 |
Location 975 Imperial Golf Course Boulevard Naples FL 34110 | |
Updated | March 21st, 2016 |
Type | Shopping Center |
Price | $824,080 |
Building | 4,420 Sq. Ft. |
Property Description
Three net-leased retail condos for sale. All three are combined and leased by a restaurant- a seafood bar and grill that has been a tenant for 14 years. The three units total 4420 rentable square feet and are for sale at $824,080, a 7.5% CAP rate. Current lease expires September 30, 2018, and tenant has an additional 5-year option. (Please do not disturb tenant).
Location Description:
In North Naples, Florida, between Immokalee and Wiggins Pass Roads, east side of US 41/Tamiami Trail North.
Highlights:
>> 3 combined retail condo units (4420 sf) with a seafood bar and grill tenant.
>> Stability-tenant has occupied 14+ years.
>> CAP rate is 7.5%
>> NNN Lease, no landlord responsibilities.
>> Well-maintained and professionally managed retail commercial condo strip center.
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Financials
Sales Info:
>> Cap rate: 7.5%
>> Commision split: 3.0%
>> NOI: $61846