New Miller's Ale
For Sale
$4,061,751
6827 Collier Boulevard, Naples, FL 34114
New 15-year NNN lease in affluent Naples, Florida.
Property Size7,382 SF
Price / SF$550.22
Days on Market200
Property Features for 6827 Collier Boulevard
General Information
Standard status
Active
Size
7,382 SF
Property subtype
Retail
Listing Agency:
CBRE - Orlando
Listed By:
Mark Drazek · License #684111
(407) 496-1334
Source:
Cbre
Added: Mar 25
Changed: Oct 7
Last Checked: Oct 9 at 5:38PM
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 CBRE - Orlando
Investment Insights
Based on property information with market context.
This newly constructed Miller's Ale House is available for sale in Naples, Florida. The property is a prototype restaurant encompassing approximately 7,382 square feet, including a covered open-air patio. The property is located in a high-profile retail area, among other tenants including Chipotle, Pei Wei, Starbucks and Texas Roadhouse. Neighboring retailers include Publix, Lowe's, Fresh Market, Hobby Lobby, Michaels, PetSmart, Walmart, Burlington and Home Goods. The property is strategically located on Collier Boulevard, the major access road to Marco Island. The area has average household incomes of over $110,000 within a 5-mile radius. The property has a new 15-year corporate Miller's Ale House lease. It is an absolute NNN ground lease with no landlord obligations. The lease has fixed rent for years 1-5, with 2% annual increases commencing in year 6, continuing throughout the entire lease term, including four 5-year option terms. There is substantial ongoing and planned residential development within close proximity. The location benefits from a significant seasonal population increase.
Key Highlights
- New 15‑year Corporate Miller's Ale House Absolute NNN ground lease with no landlord obligations.
- Located in affluent and highly sought after Naples, Florida market, one of the wealthiest cities in the U.S.
- Fixed rent years 1‑5 with 2% annual increases commencing in year 6, continuing throughout the entire lease term (including four 5‑year option terms).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,748
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,914,960
$2.9M
Cap Rate 7%
$2,082,114
$2.1M
Cap Rate 9%
$1,619,422
$1.6M
Market Conditions
NOI Build-Up for 7,382 SF
Gross rent
$199.3K $27.00/SF
− Vacancy
−$5.0K −$0.68/SF
EGI
$194.3K $26.33/SF
− OpEx
−$48.6K −$6.58/SF
NOI
$145.7K $19.74/SF
Area
Collier County, FL
Vacancy
2.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,914,960
Cap Rate 7%
$2,082,114
Cap Rate 9%
$1,619,422
Alternative Uses
Best Use
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,748 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.46M
NOI $207,391 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34114, FL
21,343
Population
16,381
Households
1.3
Avg Household Size
62
Median Age
41%
College-Educated
90%
High-School Grad
176.6 sq mi
ZIP Area
121
Density / Sq Mi
$81,314
Median Household Income
$38,467
Median Earnings
$1,993
Median Rent
$469,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Z's Music Kitchen — 12655 Tamiami Trail E, Naples, FL 34113
- Carrabba's Italian Grill — 12631 Tamiami Trail E, Naples, FL 34113
- Miller's Ale House — 6827 Collier Blvd, Naples, FL 34114
- The Pub at Ole — 9075 Celeste Dr, Naples, FL 34113
Frequently Asked Questions
What type of property is this?
Bar & Pub - New 15-year NNN lease in affluent Naples, Florida.
Where is this bar & pub located?
The property is located at 6827 Collier Boulevard Naples, FL.
What is the asking price?
The asking price for this property is $4,061,751.
What are key features of this property?
This property features: New 15‑year Corporate Miller's Ale House Absolute NNN ground lease with no landlord obligations.; Located in affluent and highly sought after Naples, Florida market, one of the wealthiest cities in the U.S.; Fixed rent years 1‑5 with 2% annual increases commencing in year 6, continuing throughout the entire lease term (including four 5‑year option terms).
