Newly Built Convenience
For Sale
Contact for pricing
434 New York Dr, Fort Myers, FL 33905
Brand-new construction is paired with a long-term absolute NNN lease and multiple renewal options.
Property SizeContact for details
Days on Market144
Property Features for 434 New York Dr
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 7:59PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 10,542-square-foot grocery and convenience store is newly constructed and configured for Dollar General Plus operations. The property is subject to a Fifteen (15) Year Absolute NNN Lease, with four five-year renewal options and 10% rental rate increases during each option period. Rent commencement and store opening were scheduled for late June 2022.
The store occupies the signalized corner of New York Drive and Palm Beach Boulevard at 434 New York Dr in Fort Myers, Florida. The intersection records 28,710 cars per day, while the nearby I-75 exit records 92,315 cars per day. The site is positioned along a primary route toward Downtown Fort Myers and is surrounded by major retailers. Five-mile population is 98,123, and five-mile population growth is 13.91%.
The store occupies the signalized corner of New York Drive and Palm Beach Boulevard at 434 New York Dr in Fort Myers, Florida. The intersection records 28,710 cars per day, while the nearby I-75 exit records 92,315 cars per day. The site is positioned along a primary route toward Downtown Fort Myers and is surrounded by major retailers. Five-mile population is 98,123, and five-mile population growth is 13.91%.
Key Highlights
- 10,542 SF newly constructed Dollar General Plus store
- Fifteen (15) Year Absolute NNN Lease
- 4 (5 year) options to renew
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 47%
Electronics 1%
McDonald's
Dining
24,457 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,813 visits/mo
0.4 miles
Wells Fargo
Shops & Services
7,752 visits/mo
0.3 miles
Citgo
Shops & Services
7,156 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,949 visits/mo
0.4 miles
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Brand-new construction is paired with a long-term absolute NNN lease and multiple renewal options.
Where is this grocery and convenience store located?
The property is located at 434 New York Dr Fort Myers, FL.
What are key features of this property?
This property features: 10,542 SF newly constructed Dollar General Plus store; Fifteen (15) Year Absolute NNN Lease; 4 (5 year) options to renew
