Cape Coral Commons II | 1511 NE Pine Island Rd
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Cape Coral Commons II 1511 NE Pine Island Rd
12,000 SF 100% Leased Retail Building Cape Coral, FL 33909 $8,248,000 ($687/SF) 6% Cap Rate
Investment Highlights
- HIGH GROWTH CAPE CORAL, FL MARKET
- HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
- ATTRACTIVE LEASE FUNDAMENTALS
Executive Summary
HIGH GROWTH CAPE CORAL, FL MARKET
- More than 142K people live within a 3-mile radius
- AAHI exceeds $70K in a 3-mile radius
- Cape Coral is the 8th largest city in FL, and the largest city between Tampa and Miami
- Cape Coral forecasts a 42% growth over the next 10 years
BRAND NAME TENANT MIX
- The center includes Sage Dental (80+ locations), Papa Johns (5,500+ locations), Huey Magoos (68+ locations), Naples Wax (3 locations) and Pei Wei (119+ locations)
ATTRACTIVE LEASE FUNDAMENTALS
- All newly signed leases provides 10 years of WALT for long term stability for the next investor with rental increases throughout the base
terms
- Each lease is structured NNN, providing minimal landlord responsibility & exposure
HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
- More than 54,500 cars travel Pine Island Rd
- Over 91K combined cars at the Pine Island & Del Prado Blvd intersection
- Over 1.5MSF of retail located in 1-mile radius boasting a 2.0% vacancy rate
- Nearby National Tenant’s include: Lowe’s Home Improvement, Target, Publix, Chick-Fil-A
ACCESSIBLE LOCATION & TENANT SYNERGIES
- Cross access with adjacent center’s parking lot providing two points of ingress and egress on Pine Island Rd & Del Prado Blvd while also sharing customers across the multiple retail users
NEW CONSTRUCTION
- New construction will limit next owner’s risk to capital repairs during the hold period
- Transferable warranties in place
- More than 142K people live within a 3-mile radius
- AAHI exceeds $70K in a 3-mile radius
- Cape Coral is the 8th largest city in FL, and the largest city between Tampa and Miami
- Cape Coral forecasts a 42% growth over the next 10 years
BRAND NAME TENANT MIX
- The center includes Sage Dental (80+ locations), Papa Johns (5,500+ locations), Huey Magoos (68+ locations), Naples Wax (3 locations) and Pei Wei (119+ locations)
ATTRACTIVE LEASE FUNDAMENTALS
- All newly signed leases provides 10 years of WALT for long term stability for the next investor with rental increases throughout the base
terms
- Each lease is structured NNN, providing minimal landlord responsibility & exposure
HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
- More than 54,500 cars travel Pine Island Rd
- Over 91K combined cars at the Pine Island & Del Prado Blvd intersection
- Over 1.5MSF of retail located in 1-mile radius boasting a 2.0% vacancy rate
- Nearby National Tenant’s include: Lowe’s Home Improvement, Target, Publix, Chick-Fil-A
ACCESSIBLE LOCATION & TENANT SYNERGIES
- Cross access with adjacent center’s parking lot providing two points of ingress and egress on Pine Island Rd & Del Prado Blvd while also sharing customers across the multiple retail users
NEW CONSTRUCTION
- New construction will limit next owner’s risk to capital repairs during the hold period
- Transferable warranties in place
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$8,248,000
Price Per SF
$687
Cap Rate
6%
NOI
$494,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.67 AC
Zoning
CC
Nearby Major Retailers
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Cape Coral Commons II | 1511 NE Pine Island Rd
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