2770 Davis Blvd Naples, FL 34104

Property Details for 2770 Davis Blvd

Year built

2007

Property size

10,080 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Class A, 10,080 square foot shopping center in Naples, Florida, presents a compelling value-add investment opportunity. Located at 2770 Davis Blvd, in Collier County (zip code 34104), this multi-tenant property boasts 9 units, currently operating at 100% occupancy. Built in 2007, the center features a diverse tenant mix including a marble retailer, dog adoption and grooming services, and a high-end addiction treatment facility. All tenants are currently under lease and willing to renew, minimizing landlord responsibilities. The property benefits from a strong Condo Association that manages repairs and maintenance, resulting in extremely low maintenance costs and immediate cash flow. The asking price is $3,900,000, representing a current cap rate of 5.15% and a pro-forma cap rate of 12.97%, reflecting significant upside potential through lease adjustments to market rates and optimized space utilization. The property's prime location on bustling Davis Boulevard ensures high foot and vehicle traffic, further enhanced by its proximity to major national retailers such as Walmart, Home Depot, Starbucks, and more. The price per square foot is $386.90, with a land value of $386 per square foot. This investment offers a chance to become the largest owner in the Davis Village Condo Association in the heart of downtown Naples, a city renowned for its affluent population and thriving economy. The property's strong tenant base, low maintenance requirements, and high-growth potential make it an ideal addition to any investment portfolio.