1011 Pne Is Rd Cape Coral, FL 33991-1952

This exceptional investment opportunity presents a fee-simple ownership of a 5,400 square foot Tire Choice auto shop in Cape Coral, Florida. Built in 2019, this single-tenant, 100% occupied property sits on a 1.34-acre lot with 22 parking spaces. The property boasts a strong 6.10% cap rate and a substantial net operating income (NOI) of $181,500. The lease is a modified NNN, with the landlord responsible only for roof and structure maintenance. Rent increases by 10% every five years, providing consistent income growth. The property is strategically located at 1011 SW Pine Island Rd, Cape Coral, FL 33991, on a major commuter artery with a high daily traffic count of 66,000 vehicles. This prime location benefits from a dense population with high household incomes, further supported by significant projected population growth in the area (25% within 1 mile in 5 years). The property's success is underpinned by Tire Choice's strong brand recognition, corporate guarantee, and the essential nature of its services, making it resilient to economic downturns and e-commerce competition. The property's APN is 15-44-23-C3-12361.1030. This is a rare chance to acquire a high-performing asset in a rapidly expanding market. Asking price is $2,975,000 ($550.93/sq ft).