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    9955 Triangle Blvd Naples, FL 34113

    Sponsored
    For Sale
    $9,900,000

    High-Yield Retail Investment, Prime Naples Location

    Property size:
    55,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a single-tenant, 55,000-square-foot Hobby Lobby store situated on a 6.45-acre lot in Naples, Florida. Built in 2016, this freestanding building boasts a strong lease with a nationally recognized brand, Hobby Lobby, extending until November 30, 2031, representing over seven years of remaining lease term. The property features a current net operating income (NOI) of $577,500, translating to a compelling 5.83% capitalization rate and a price per square foot of $180. The current rent is below market value at $10.50 per square foot, with built-in rent increases every five years, ensuring consistent future income growth. Located at 9955 Triangle Blvd, Naples, FL 34113, this property benefits from its position in a high-traffic area within Collier County, characterized by strong demographics and high household incomes. The property's irreplaceable nature, combined with the long-term lease and built-in rent escalations, makes this a truly exceptional investment opportunity in one of Southwest Florida's most desirable markets. This is a single-story building offering significant upside potential for long-term investors seeking a stable, high-yielding asset.

    Property Features for 9955 Triangle Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    55,000 SF
    Lot Size
    280,962 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1

    HighLights

    • Irreplaceable Naples, FL location.
    • Hobby Lobby NNN lease with over 7 years remaining.
    • Below‑market rent of $10.50/SF, with built‑in rent increases every 5 years.
    • Strong performing Hobby Lobby tenant.
    • High‑traffic area in a top SWFL trade area with strong demographics.
    • High household incomes in the immediate area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hobby Lobby Craft Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naples
    County
    Collier
    State
    Florida
    Longitude
    -81.7028747
    Latitude
    26.0676604

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Investment, Prime Naples Location
    Where is this individual retail property located?
    The property is located at 9955 Triangle Blvd Naples, FL.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: Irreplaceable Naples, FL location.; Hobby Lobby NNN lease with over 7 years remaining.; Below-market rent of $10.50/SF, with built-in rent increases every 5 years.
    Request Owner's contact information
    9955 Triangle Blvd Naples, FL 34113
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    Naples, FL 34113
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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
    9955 Triangle Blvd Naples, FL 34113
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