2354 Surfside Blvd Cape Coral, FL 33991

This exceptional 117,566 square foot shopping center, located at 2354 Surfside Blvd in Cape Coral, Florida, presents a compelling investment opportunity. Built in 2007, this single-story property sits on an 8.26-acre lot and boasts a strong tenancy mix of five national and regional brands. The center is 100% leased with long-term leases extending through 2027, 2028, and 2029, providing significant rental income stability. The asking price is $13,990,000, translating to $119 per square foot, and offers a compelling 7.54% capitalization rate with a Net Operating Income (NOI) of $1,054,777. Strategically positioned on a signalized intersection at Veterans Pkwy and Surfside Blvd, this property benefits from its location in the high-growth Cape Coral market, recently ranked third on Forbes' 2023 list of Best Places to Live in Florida. The property features built-in rent bumps, offering further upside potential. This stabilized investment provides a protected owner basis with asking price below $140/sf and average rents below $10/sf, making it an attractive opportunity for discerning investors seeking a strong return in a thriving market. The property's prime location and stable tenancy make it an ideal addition to any portfolio.