9955 Triangle Blvd, Naples, FL
Retail property with below market rent and strong demographics.
- Added:
- May 8, 2024
- Days on Market:
- 769
- Last Refresh:
- May 20 at 8:07 pm
Property Features for 9955 Triangle Blvd
General Information
- Standard status
- Active
- Size
- 55,000 SF
- Lot size
- 6.48 Acres
- Property subtype
- RETAIL
Listing agent Matt Fredrickson License #3175846 (239) 588-0471
Listing office Trinity Commercial Group, Inc. (954) 520-7692
Listing date May 8, 2024
Source Moodyscre
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, Inc.
HighLights
- 15‑year base term with over 8 years remaining
- Cap Rate: 5.37%
- Below market rent at $10.50 psf
- Rent increases every 5 years
- Strong demographics
- Strong incomes
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $996.6k | $18.12 |
| − Vacancy | −$39.9k | −$0.72 |
| EGI | $956.7k | $17.40 |
| − OpEx | −$287.0k | −$5.22 |
| NOI | $669.7k | $12.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.7028
- Latitude
- 26.0677
