2354 Surfside Blvd Cape Coral, FL 33991
- Lifestyle centers
- 117,566 SF
- 8.26 lot acres
Current Use by Public Records
- Shears & Shades salon / Hair Salon
- Michael Pritchard - Humana Agent / Health Insurance Agency
- Anytime Fitness / Gym / Fitness Center
- Luna Grace Hair studio / Hair Salon
- Dalila Fernandez / General Practitioner
Property Details for 2354 Surfside Blvd
- Year built
- 2007
- Lot size
- 8.26 lot acres
- Property size
- 117,566 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -82.0253
- Latitude
- 26.6092
