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Merchants Plaza II 155-159 Hancock Bridge Pky W

15,175 SF 100% Leased Retail Building Cape Coral, FL 33991 $4,900,000 ($323/SF) 6.67% Cap Rate

Storefront Properties Florida Cape Coral 155-159 Hancock Bridge Pky W, Cape Coral, FL 33991

Investment Highlights

  • 100% Occupied/Fully-Leased – Merchant Plaza is fully leased and occupied, providing a reliable income stream and a turnkey investment opportunity.
  • Tires Plus – The anchor tenant, has occupied the building since the center’s development, utilizing 36.56% of the gross leasable area (GLA).
  • Large Parcel/Large Parking Lot – Spanning ±1.2 acres, this property provides a spacious parking area that accommodates both tenants and customers
  • NNN Tenants – All seven tenants operate under NNN leases, allowing the property owner to pass on expenses such as taxes, insurance
  • Plaza Refurbished in 2023 – The property features a new roof with gutters and soffits, soffit lights, nine new rooftop HVAC package units

Executive Summary

Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,175 SF
Building Class
B
Year Built
1997
Price
$4,900,000
Price Per SF
$323
Cap Rate
6.67%
NOI
$326,830
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.34 AC
Zoning
Commercial Corridor
Parking
60 Spaces (3.98 Spaces per 1,000 SF Leased)
Frontage
400 FT on Hancock Bridge Pkwy.

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

Links

1 of 1

Nearby Major Retailers

Key Food
Buffalo Wild Wings
Bank OZK
Rib City
Publix Super Markets
Fifth Third Bank
Walmart Neighborhood Market
CrossFit

PROPERTY TAXES

Parcel Number 13-44-23-C1-01095.0010 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,638,087

PROPERTY TAXES

Parcel Number
13-44-23-C1-01095.0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,638,087
(813) 600-5908

Contacts

  • Listing ID: 33950114

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 155-159 Hancock Bridge Pky W, Cape Coral, FL 33991

More public record information on 155-159 Hancock Bridge Pky W, Cape Coral, FL 33991

The Retail Property at 155-159 Hancock Bridge Pky W, Cape Coral, FL 33991 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Merchants Plaza II | 155-159 Hancock Bridge Pky W
(813) 600-5908 x

Merchants Plaza II | 155-159 Hancock Bridge Pky W

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Aiden Hawkins

(813) 600-5908

(813) 600-5908

Jake Lurie

(813) 488-0853

(813) 488-0853

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