1511 Pne Is Rd Cape Coral, FL 33909-2133

Property Details for 1511 Pne Is Rd

Lot size

1.63 lot acres

Zone code

CC CC

Property type

Commercial land

APN

06-44-24-C3-0100A.0010

APU

064424C30100A0010

Description

This exceptional 12,000-square-foot retail center in Cape Coral, Florida, presents a compelling investment opportunity. Completed in 2024, the property boasts a prime location on a major thoroughfare with high traffic counts exceeding 54,500 vehicles daily, and over 91,000 combined vehicles at the Pine Island and Del Prado Boulevard intersection. The center is 100% occupied by a diverse mix of five established national and regional brands: Sage Dental, Papa Johns, Naples Wax, Huey Magoos, and Pei Wei. All tenants are credit-rated, with franchisee and corporate guarantees in place, ensuring strong financial stability. The property features a 10-year remaining lease term with varying rent bumps, providing long-term income growth and minimal landlord responsibilities due to the NNN lease structure. The property offers a 6.00% cap rate and a strong net operating income (NOI) of $494,900. Situated on a 1.67-acre lot, the single-story building benefits from cross-access parking with an adjacent center, providing convenient access and shared customer traffic. The property's new construction status minimizes potential capital repair expenses for the next owner, further enhancing its investment appeal. The location is within a high-growth market, with over 142,000 people residing within a 3-mile radius and an average household income exceeding $70,000. Cape Coral's projected 42% growth over the next decade underscores the long-term potential of this exceptional investment. Transferable warranties are in place. The asking price is $8,248,000.