16480 Tamiami Trl Fort Myers, FL 33908

Property Details for 16480 Tamiami Trl

Year built

1980

Construction

STEEL FRAME

Lot size

1.92 lot acres

Property size

20,955 SF

Zone code

C-1

Property type

Retail space

APN

01-46-24-00-00006.001E

APU

0146240000006001E

Description

This exceptional investment opportunity presents a 20,112-square-foot Goodwill storefront located at 16480 S Tamiami Trail, Fort Myers, FL 33908. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $262,500. The absolute NNN lease with Goodwill Industries of Southwest Florida, Inc., a financially robust tenant (2021 revenue: $47.61M, net income: $2.91M), extends until December 30, 2033, offering 9.1 years of remaining lease term. The lease includes 5% rent bumps every five years, ensuring consistent income growth. Built in 1980 and extensively renovated in 2018, the property sits on a 1.92-acre lot with 53 parking spaces. Its prime location within a dense retail corridor (1.7M SF within 2 miles), coupled with a high population density (114,877 residents within 5 miles) and affluent demographics ($134,792 average household income within 1 mile), guarantees strong tenant performance. The property benefits from high visibility at a signalized intersection (S Tamiami Trl & Island Park Rd, 61,650 vehicles per day), proximity to major employers, educational institutions (Florida Southwestern State College & Florida Gulf Coast University), and healthcare facilities (Gulf Coast Medical Center), further enhancing its value. The property is zoned for commercial use and offers a significant return on investment. The asking price is $4,375,000, translating to $217.53 per square foot. Lease options include 3 and 5-year terms.

Location Insight

City

Fort Myers

County

Lee

State

Florida

Longitude

-81.858

Latitude

26.5024

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments