1791 Boy Scout Dr Fort Myers, FL 33907-2137

Property Details for 1791 Boy Scout Dr

Year built

1999

Construction

STEEL FRAME

Lot size

0.95 lot acres

Property size

9,480 SF

Zone code

CI

Property type

Strip malls

Property subtype

Neighborhood centers

APN

11-45-24-P2-02800.0020

APU

114524P2028000020

Description

This exceptional 9,382 square foot retail shopping center in Fort Myers, Florida, presents a compelling value-add investment opportunity. Located at 1791 Boy Scout Dr., this single-story, 100% occupied property boasts six tenants, including a national anchor tenant, Tropical Smoothie Cafe, with a drive-thru and corporate guarantee. The center features approximately 270 feet of frontage on Boy Scout Drive, situated at a signalized intersection providing excellent visibility and accessibility. Built in 1999, the property is zoned B2 and offers a Net Operating Income (NOI) of $86,879, resulting in a 2.29% cap rate. The asking price is $3,800,000, translating to $405.03 per square foot. The current lease type is NNN, and the property benefits from below-market rents and leases expiring soon, presenting significant upside potential for value-add improvements. This fully leased investment opportunity is ideal for investors seeking strong cash flow and future appreciation. The property's strategic location and tenant mix, combined with its potential for increased rental income, make it a highly attractive investment prospect. The property's prominent location at a signalized intersection ensures high visibility and accessibility for tenants and customers alike. Pylon signage further enhances visibility from Boy Scout Drive.

Location Insight

City

Fort Myers

County

Lee

State

Florida

Longitude

-81.8777

Latitude

26.5824

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments