Verizon 515 Pine Island Rd North Fort Myers, FL 33903

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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:

Verizon

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

Description

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.

Miscellaneous

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

Neighborhood Links

Agent Info

Home id:371 - Listed by: Wolfgang Schwarz (Contact agent) (All listings from this agent)
homePhone: 305 - 674 1800 - cellMobile: 305 - 934 7352 - faxFax: 305 - 604 5699
Homepage: http://www.us-schwarz.com

Verizon 515 Pine Island Rd North Fort Myers, FL 33903

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Agent Info

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

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