9250 6 Mile Cypress Pkwy Fort Myers, FL 33966
- Retail properties
- 4,036 SF
- 1.24 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9250 6 Mile Cypress Pkwy
- Year built
- 2007
- Lot size
- 1.24 lot acres
- Property size
- 4,036 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,036 square foot storefront in Fort Myers, Florida, currently occupied by Heartland Dental under a corporate-guaranteed net lease. The lease, commencing September 24, 2021, and expiring September 30, 2031, offers a substantial remaining term of 6.9 years. The property boasts a strong 5.90% cap rate and a Net Operating Income (NOI) of $161,440, with a sale price of $2,736,000 ($677.90 per square foot). Built in 2007 and renovated in 2020, this single-tenant property sits on a 1.24-acre lot and benefits from built-in rent bumps of 10% every five years, along with four and five-year lease options. The property enjoys a prime location within a thriving retail corridor, surrounded by major national retailers including Walmart, Lowe's, Kohl's, Home Depot, Target, and Publix. The surrounding area demonstrates significant growth potential, with projections indicating a 10%+ increase in population and households within a five-mile radius by 2028. This presents a secure, high-yield investment with significant long-term growth prospects. 100% occupancy ensures immediate cash flow.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.812
- Latitude
- 26.6095
