Verizon 515 Pine Island Rd North Fort Myers, FL 33903

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  • Verizon, Fort Myers

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Price: $1,200,000 Address: 515 Pine Island Rd City: 33903 Zip: North Fort Myers Year Built: 2006 State: FL Country: USA

Full Description:


515 Pine Island Rd

North Fort Myers, FL 33903

2,400 SF · Retail For Sale

Verizon | 7 Years | 600+ Unit Guarantee

Price      N/A       No. Stories          1

Building Size      2,400 SF               Tenancy              Single

Property Type   Retail     Year Built            2006

Property Sub-type          Free Standing Bldg          Lot Size 0.50 AC

Property Use Type          Net Lease Investment with 7 years left on lease APN / Parcel ID 03-44-24-02-00000.0130

Cap Rate             6%          Parking Ratio     2.50 / 1,000 SF


Below Market Rent / Attractive Price Point

Recently Extended 7 Years on the Lease

Out parcel to Walmart Supercenter

Successful Operating History at this Location

Combined Traffic Counts Exceed 61,000 Cars Per Day

Corporate Guarantee from Celluar Sales of Knoxville, one of the largest Verizon Franchisees.


Marcus & Millichap is pleased to present the opportunity to acquire this Verizon Wireless in Fort Myers, FL. The offering consists of a 2,400 SF building leased to Cellular Sales of Knoxville, one of the largest operators of Verizon Wireless retail locations. The lease has over seven years of firm term remaining with two, five-year options to extend. The property is positioned just off Pine Island Road near the entrance point to the areas only Walmart Supercenter.

With an annual rent of only $78,000, this freestanding Verizon is being offered at a modest $1.2 Million, or a 6.5 percent cap, making this one of the most attractively priced freestanding Verizon properties on the market. In addition, this property sits among the most sought after retail properties in Fort Myers with combined traffic counts in excess of 61,000 Cars Per Day and over 100,000 residents in a five-mile radius.

Financial Summary (Actual)

Net Operating Income   $72,000                                

Go to street view!
Courtesy of: WOLFGANG SCHWARZ - Information available through the Multiple Listing Service (MLS) believed accurate is not warranted.


Status: Active Lot Size: 0.50 Square Feet: 2,400Waterfront: no

Agent Info

Listings within 50 Mile(s) of Verizon 515 Pine Island Rd North Fort Myers, FL 33903


This listing was created on 2017-05-29 and has been viewed 1710 times