Property Listing No Longer Available for Sale

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
UpdatedMarch 21st, 2016
TypeShopping Center
Price$824,080
Building4,420 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