Retail Property with Strong
For Sale
Contact for pricing
9955 Triangle Blvd, Naples, FL
Retail property with below market rent and strong demographics.
Property Size55,000 SF
Lot Size6.48 Acres
Price / SF$180
Days on Market906
Property Features for 9955 Triangle Blvd
General Information
Standard status
Active
Size
55,000 SF
Lot size
6.48 Acres
Property subtype
RETAIL
Listing Agency:
Trinity Commercial Group, Inc.
(954) 520-7692
Listed By:
Matt Fredrickson · License #3191215
(239) 588-0471
Source:
Moodyscre
Added: May 8, 2024
Changed: Oct 25
Last Checked: Oct 28 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Commercial Group, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property features a 15-year base term with over 8 years remaining. The property is currently leased at below market rent of $10.50 per square foot, with rent increases scheduled every 5 years. The location benefits from strong demographics and incomes. The cap rate is 5.37%. The property size is 55000 square feet.
Key Highlights
- 15‑year base term with over 8 years remaining
- Cap Rate: 5.37%
- Below market rent at $10.50 psf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$669,715
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,394,300
$13.4M
Cap Rate 7%
$9,567,357
$9.6M
Cap Rate 9%
$7,441,278
$7.4M
Market Conditions
NOI Build-Up for 55,000 SF
Gross rent
$996.6K $18.12/SF
− Vacancy
−$39.9K −$0.72/SF
EGI
$956.7K $17.40/SF
− OpEx
−$287.0K −$5.22/SF
NOI
$669.7K $12.18/SF
Area
Collier County, FL
Vacancy
4.00%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,394,300
Cap Rate 7%
$9,567,357
Cap Rate 9%
$7,441,278
Alternative Uses
Best Use
Retail
$9.57M
$8.37M – $11.16M
NOI $669,715 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.07M
$19.31M – $25.75M
NOI $1,545,181 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with below market rent and strong demographics.
Where is this retail space located?
The property is located at 9955 Triangle Blvd Naples, FL.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: 15‑year base term with over 8 years remaining; Cap Rate: 5.37%; Below market rent at $10.50 psf
