Grocery and Convenience Store
For Sale
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5660 Bayshore Rd, North Fort Myers, FL 33917
Grocery and convenience store building with a 1999 build year and 46,320 SF size in North Fort Myers, Florida.
Property Size46,320 SF
Price / SF$208.81
Days on Market83
Property Features for 5660 Bayshore Rd
General Information
Standard status
Active
Size
46,320 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$531,984
Building Details
Year Built
1999
Tenancy
Single
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Chris Lind · License #AZ SA627823000
(602) 687-6780
Source:
Crexi
Added: Jul 27
Changed: Oct 9
Last Checked: Oct 16 at 9:22AM
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 Marcus & Millichap - Phoenix
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Investment Insights
Based on property information with market context.
This grocery and convenience store building at 5660 Bayshore Rd in North Fort Myers, Florida offers a purpose-built retail format with a total size of 46,320 SF. The property was built in 1999, providing a more recent commercial structure for day-to-day grocery retail operations.
The asset is located on Bayshore Rd in North Fort Myers, within Lee County. Fort Myers serves as the county seat and commercial center of the area, supporting a mix of retail activity in the surrounding market.
With its dedicated retail building footprint, the property may be well suited for operators seeking a grocery or convenience-oriented space in the North Fort Myers area.
The asset is located on Bayshore Rd in North Fort Myers, within Lee County. Fort Myers serves as the county seat and commercial center of the area, supporting a mix of retail activity in the surrounding market.
With its dedicated retail building footprint, the property may be well suited for operators seeking a grocery or convenience-oriented space in the North Fort Myers area.
Key Highlights
- 46,320 SF grocery and convenience store building
- Built in 1999
- 5660 Bayshore Rd, North Fort Myers, FL 33917
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$735,376
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,707,520
$14.7M
Cap Rate 7%
$10,505,371
$10.5M
Cap Rate 9%
$8,170,844
$8.2M
Market Conditions
NOI Build-Up for 46,320 SF
Gross rent
$1.00M $21.60/SF
− Vacancy
−$20.0K −$0.43/SF
EGI
$980.5K $21.17/SF
− OpEx
−$245.1K −$5.29/SF
NOI
$735.4K $15.88/SF
Area
Lee County, FL
Vacancy
2.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,707,520
Cap Rate 7%
$10,505,371
Cap Rate 9%
$8,170,844
Alternative Uses
Best Use
Specialty Retail
$10.51M
$9.19M – $12.26M
NOI $735,376 @ 7.0% cap · market cap 7.60%
Second Best
Retail
$8.68M
$7.60M – $10.13M
NOI $607,639 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$14.58M
$12.76M – $17.01M
NOI $1,020,522 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 28%
Home Improvements & Furnishings 23%
Electronics 5%
Winn-Dixie
Groceries
24,088 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
13,573 visits/mo
0.3 miles
7-Eleven
Shops & Services
11,242 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,510 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
2,783 visits/mo
0.1 miles
Demographics for 33917, FL
30,702
Population
18,789
Households
1.6
Avg Household Size
61
Median Age
19%
College-Educated
89%
High-School Grad
65.5 sq mi
ZIP Area
469
Density / Sq Mi
$54,198
Median Household Income
$35,670
Median Earnings
$1,320
Median Rent
$170,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery and convenience store building with a 1999 build year and 46,320 SF size in North Fort Myers, Florida.
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: 46,320 SF grocery and convenience store building; Built in 1999; 5660 Bayshore Rd, North Fort Myers, FL 33917
