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    5660 Bayshore Rd North Fort Myers, FL 33917

    For Sale
    $9,672,000

    Long-term lease with corporate guaranty in growing trade area.

    Property size:
    46,320 SF
    Lot size:
    6.88 Acres

    Property Features for 5660 Bayshore Rd

    General Information

    Size
    46,320 SF
    Lot size
    6.88 Acres

    Source: Marcus & Millichap | Phoenix Agent Chris Lind

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    ALDI Grocery Store Investment Opportunity

    This property features a longstanding grocery store, currently a Winn-Dixie, that is slated for conversion to an ALDI following ALDI's acquisition of Winn-Dixie's parent company in 2024. The lease has 15.5 years remaining with a corporate guaranty. The surrounding trade area is experiencing growth, with a population of 104,921 residents within a five-mile radius. Households in the immediate area are projected to increase by more than 11% by 2028. The property benefits from high traffic volume, with over 43,000 cars per day along Bayshore Road. ALDI operates more than 2,400 stores in 40 states and plans to open 800 new stores nationwide over the next 3 years through a combination of new store openings and store conversions. The property size is 46,320 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8646942
    Latitude
    26.6872047

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    FAQs

    What type of property is this?
    Grocery and convenience store - Long-term lease with corporate guaranty in growing trade area.
    Where is this grocery and convenience store located?
    The property is located at 5660 Bayshore Rd North Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $9,672,000.
    What are key features of this property?
    This property features: - Longstanding Winn-Dixie Grocery Store is Being Converted to an ALDI Following ALDI's Acquisition of Winn-Dixie's Parent Company in 2024; - **15.5 Years Remaining on Lease Term with Corporate Guaranty**; - Accessible to More Than 43,000 Cars per Day Along Bayshore Road
    (602) 370-9255
    Request Owner's contact information
    5660 Bayshore Rd North Fort Myers, FL 33917
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    North Fort Myers, FL 33917
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5660 Bayshore Rd North Fort Myers, FL 33917
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