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Goodwill 16480 S Tamiami Trl

20,112 SF Retail Building Fort Myers, FL 33908 $4,375,000 ($218/SF) 6% Cap Rate

Investment Highlights

  • Significant property renovation in 2018 | New 15-year lease signed upon renovation
  • Goodwill Industries of Southwest Florida, Inc. | 28 locations | Strong tenant financials: $47.61M Revenue | $2.91M Net Income in 2021
  • Long lease term | 10 years remaining
  • Nearby signalized corner intersection | S Tamiami Trl & Island Park Rd | 61,650 VPD combined
  • Sustained tenant history at site | Operating at subject location since 1999
  • Attractive rent & price per square foot

Executive Summary

Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Goodwill in Fort Myers, FL. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,112 SF
Building Class
B
Year Built/Renovated
1980/2018
Price
$4,375,000
Price Per SF
$218
Cap Rate
6%
NOI
$262,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Land Acres
1.92 AC
Zoning
C-1 - Commercial
Parking
53 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
228 FT on Island Park Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-46-24-00-00006.001E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,961,726
  • Listing ID: 32706486

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 16480 S Tamiami Trl, Fort Myers, FL 33908

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