9955 Triangle Blvd Naples, FL 34113
- Retail space
- 55,048 SF
- 6.45 lot acres
Current Use by Public Records
- Hobby Lobby / Picture Frame Shop / Scrapbooking Store
Property Details for 9955 Triangle Blvd
- Year built
- 2016
- Lot size
- 6.45 lot acres
- Property size
- 55,048 SF
- Property type
- Retail space
- APN
- 77510402121
- APU
- 77510402121
Description
This exceptional investment opportunity presents a single-tenant, 55,000-square-foot Hobby Lobby store situated on a 6.45-acre lot in Naples, Florida. Built in 2016, this freestanding building boasts a strong lease with a nationally recognized brand, Hobby Lobby, extending until November 30, 2031, representing over seven years of remaining lease term. The property features a current net operating income (NOI) of $577,500, translating to a compelling 5.83% capitalization rate and a price per square foot of $180. The current rent is below market value at $10.50 per square foot, with built-in rent increases every five years, ensuring consistent future income growth. Located at 9955 Triangle Blvd, Naples, FL 34113, this property benefits from its position in a high-traffic area within Collier County, characterized by strong demographics and high household incomes. The property's irreplaceable nature, combined with the long-term lease and built-in rent escalations, makes this a truly exceptional investment opportunity in one of Southwest Florida's most desirable markets. This is a single-story building offering significant upside potential for long-term investors seeking a stable, high-yielding asset.
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
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.7029
- Latitude
- 26.0673
- CBSA code
- 34940
- CBSA name
- NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA
