17501 Harbour Point Dr
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17501 Harbour Point Dr
14,000 SF 100% Leased Retail Building Fort Myers, FL 33908 $6,885,471 ($492/SF) 7.75% Cap Rate
Investment Highlights
- Restaurant has been in business since December 2017, with the current initial 10-year lease expiring November 30, 2027 with 3, 5-year renewal options
- Home to a well- known local restaurant brand that attracts both tourists and locals.
- Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place
- Bait Shack can generate a lucrative monthly income of $4,000 or more.
- 2.75 Million tourists coming to the area each year. Generating more than $96.5 billion in spending.
Executive Summary
Invest in a property that not only offers a beautiful waterfront setting but also promises strong income potential and a resilient structure. Seize this unique opportunity to own a prime commercial property in a highly sought-after location. Property only—no business operations included. Enjoy hassle-free ownership. Restaurant has been in business since December 1, 2017, with the current initial 10-year lease expiring November 30, 2027, with 3, 5-year renewal options available. Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place with a 6% rate up to 4 million and 6.5% on anything over. The on-site Bait Shack can generate a lucrative monthly income of $4,000 or more. The scheduled opening coincides with the reopening of the Punta Rossa boat ramp July of 2025.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Year Built/Renovated
1984/2014
Price
$6,885,471
Price Per SF
$492
Cap Rate
7.75%
NOI
$533,624
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Land Acres
3.28 AC
Zoning
CT
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Bimini Bait Shop
- Accommodation and Food Services
- 5,088 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Bimini Bait Shop | Accommodation and Food Services | 5,088 SF | - | - |
PROPERTY TAXES
| Parcel Number | 09-46-23-00-00002.0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,818,287 |
PROPERTY TAXES
Parcel Number
09-46-23-00-00002.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,818,287
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Power Broker Shawn Stoneburner -
Power Broker Gary Tasman -
Cushman & Wakefield |Commercial Property Southwest
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17501 Harbour Point Dr
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