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11222 E Tamiami Trl

16,882 SF 90% Leased Retail Building Naples, FL 34113 $7,500,000 ($444/SF) 5.50% Cap Rate

Investment Highlights

  • Prime mixed-use investment opportunity located in the heart of Naples, Florida.
  • This location has recently undergone extensive renovations and includes a 4,500 square foot expansion, along with ample parking.
  • The average household income within a 1-mile radius is $76,661.
  • Within a 1-mile radius, there's a substantial $82.9 million in consumer spending, with nearly half, or 48%, allocated to retail.
  • The tenants are responsible for covering their own utility expenses, and there is a designated turning lane into the shopping center.

Executive Summary

Prime mixed-use investment opportunity located in the heart of Naples, Florida. The newly renovated building is situated in the heart of Naples, a city known for its beautiful beaches, golf courses, and upscale dining and shopping. Its position along the eastern side of Tamiami Trail offers high visibility and exposure due to the significant highway running from Miami on the east coast to Naples on the west coast. Within a 5-minute drive, there are notable tenants such as Publix, Winn-Dixie, Home Goods, and Walgreens. Within a fifteen-minute drive, there is a substantial population of over 273,000 people and a total consumer spending of $2.4 billion. The prime location and robust demographics create an ideal environment for tenants to achieve exceptional sales.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,882 SF
Building Class
B
Year Built/Renovated
1992/2023
Price
$7,500,000
Price Per SF
$444
Cap Rate
5.50%
NOI
$412,500
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Land Acres
1.38 AC
Zoning
C-4
Parking
58 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
206 FT on Tamiami Trl

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Freeway Visibility

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,750 SF
  • Retail
  • -
  • Now

1,750 Square Feet of Retail space is available for any tenant looking to be located in the heart of Naples, Florida. This newly renovated building is situated in the city of Naples, which is known for its beautiful beaches, golf courses, upscale dining and shopping. The ample space is perfect for any tenant seeking to be located amongst the highly populated city of nearly 273,000 people. Not only is the space positioned in a place where consumer spending is reported to be $2.4 billion, but the on site amenities make it the perfect opportunity. With robust demographics creating an ideal environment for tenants to achieve exceptional sales, the property also offers ample parking in a state of the art building.

Space Size Space Use Position Available
1st Floor 1,750 SF Retail - Now

1st Floor

Size
1,750 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,750 SF
Space Use Retail
Position -
Available Now

1,750 Square Feet of Retail space is available for any tenant looking to be located in the heart of Naples, Florida. This newly renovated building is situated in the city of Naples, which is known for its beautiful beaches, golf courses, upscale dining and shopping. The ample space is perfect for any tenant seeking to be located amongst the highly populated city of nearly 273,000 people. Not only is the space positioned in a place where consumer spending is reported to be $2.4 billion, but the on site amenities make it the perfect opportunity. With robust demographics creating an ideal environment for tenants to achieve exceptional sales, the property also offers ample parking in a state of the art building.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
8,307
42,682
99,235
180,817
2029 Population
9,377
49,343
114,490
208,674
2024-2029 Projected Population Growth
12.9%
15.6%
15.4%
15.4%
Median Age
40.6
56.6
56.7
56.4
College Degree + Higher
20%
35%
34%
24%
Daytime Employees
1,212
11,996
31,077
101,838
Total Businesses
154
1,269
3,432
13,016
Average Household Income
$72,748
$93,280
$91,615
$104,723
Median Household Income
$56,371
$70,233
$67,725
$71,538
Total Consumer Spending
$80.1M
$580.5M
$1.3B
$2.6B
2024 Households
2,739
19,099
44,457
81,000
Average Home Value
$361,318
$408,545
$414,382
$505,529

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 60783240004
  • 60783280006
Land Assessment
$831,000
Improvements Assessment
$589,739
Total Assessment
$1,420,739
  • Listing ID: 29553591

  • Date on Market: 9/7/2023

  • Last Updated:

  • Address: 11222 E Tamiami Trl, Naples, FL 34113

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