111 Del Prado N Blvd 125 Cape Coral, FL 33909-6344

Coral Commons, a Class A, 29,884 square foot shopping center in Cape Coral, Florida, presents a compelling investment opportunity. This fee-simple, fully occupied (100%) property boasts 12 tenants and a strong Net Operating Income (NOI) of $387,086, yielding a 6.14% cap rate. The property is situated on Del Prado Blvd N, a high-traffic thoroughfare with approximately 50,000 vehicles daily, ensuring excellent visibility. Built in 2004, the single-building center features a diverse tenant mix, including a long-standing anchor tenant (19+ years) occupying 5,163 square feet. The property's 2.13-acre lot provides ample parking. The asking price is $6,300,000, translating to $210.82 per square foot. The lease type is NNN (Triple Net), minimizing landlord responsibilities. The property's strong occupancy and potential for rent increases offer significant value-add potential. Located in the rapidly growing Cape Coral-Fort Myers MSA, this investment benefits from a robust residential development pipeline and a projected population surge. This is a core NNN shopping center investment with a proven track record and significant upside. The permitted zoning is commercial.