Freestanding Retail in Naples,
For Sale
Contact for pricing
9955 Triangle Blvd, Naples, FL 34113
Located in a high-traffic retail corridor with a long-term lease.
Property Size55,000 SF
Price / SF$180
Days on Market1124
Property Features for 9955 Triangle Blvd
General Information
Standard status
Active
Size
55,000 SF
Property subtype
Retail
Net Operating Income
$577,500
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
Trinity Commercial Group
(239) 334-3040
Listed By:
Doug Olson · License #FL 3175846
Source:
Crexi
Added: Aug 1, 2023
Changed: Aug 17
Last Checked: Aug 26 at 10:47AM
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 Trinity Commercial Group
Investment Insights
Based on property information with market context.
This free-standing retail property is located at the signalized intersection of US Highway 41 and Collier Blvd, a prominent retail corridor in Southwest Florida with a combined traffic count of over 70,000 vehicles per day. The property features visibility and cross-parking rights. The property is situated in a premier Naples trade area surrounded by dominant retail centers. The property has a long-term lease in place, offering stable cash flow and long-term value in a supply-constrained market.
Key Highlights
- Located at a high‑traffic signalized intersection (US Highway 41 and Collier Blvd) with over 70,000 combined VPD.
- Backed by a nationally recognized tenant (Hobby Lobby) with a long‑term lease.
- Offers stable cash flow and long‑term value.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$669,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,394,300
$13.4M
Cap Rate 7%
$9,567,357
$9.6M
Cap Rate 9%
$7,441,278
$7.4M
Market Conditions
NOI Build-Up for 55,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$996.6K $18.12/SF
− Vacancy
−$39.9K −$0.72/SF
EGI
$956.7K $17.40/SF
− OpEx
−$287.0K −$5.22/SF
NOI
$669.7K $12.18/SF
Area
Collier County, FL
Vacancy
4.00%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,394,300
Cap Rate 7%
$9,567,357
Cap Rate 9%
$7,441,278
Alternative Uses
Best Use
Retail
$9.57M
$8.37M – $11.16M
NOI $669,715 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.07M
$19.31M – $25.75M
NOI $1,545,181 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 34113, FL
23,740
Population
16,461
Households
1.4
Avg Household Size
57
Median Age
40%
College-Educated
87%
High-School Grad
25.9 sq mi
ZIP Area
917
Density / Sq Mi
$76,539
Median Household Income
$37,070
Median Earnings
$1,888
Median Rent
$450,700
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?
Retail space - Located in a high-traffic retail corridor with a long-term lease.
Where is this retail space 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: Located at a high‑traffic signalized intersection (US Highway 41 and Collier Blvd) with over 70,000 combined VPD.; Backed by a nationally recognized tenant (Hobby Lobby) with a long‑term lease.; Offers stable cash flow and long‑term value.
