3141 NE Pine Island Rd | Cape Coral, FL 33909
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- LoopNet Team
3141 NE Pine Island Rd
Cape Coral, FL 33909
Starbucks - N. Fort Myers · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Starbucks is located off the signalized, hard corner intersection of US Highway 41 and NE Pine Island Rd averaging 89,000 VPD
- The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
- Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
- The site benefits from close proximity to a new Residential Development at Merchant’s Crossing (279 Units), further increasing consumer traffic
- 2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
- The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
CPD - Commercial Planned Development
Parking
22 Spaces (8.8 Spaces per 1,000 SF Leased)
AMENITIES
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 34-43-24-03-000R0.0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,002,352 |
PROPERTY TAXES
Parcel Number
34-43-24-03-000R0.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,002,352
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