Property summary
This exceptional 9,382 square foot retail shopping center in Fort Myers, Florida, presents a compelling value-add investment opportunity. Located at 1791 Boy Scout Dr., this single-story, 100% occupied property boasts six tenants, including a national anchor tenant, Tropical Smoothie Cafe, with a drive-thru and corporate guarantee. The center features approximately 270 feet of frontage on Boy Scout Drive, situated at a signalized intersection providing excellent visibility and accessibility. Built in 1999, the property is zoned B2 and offers a Net Operating Income (NOI) of $86,879, resulting in a 2.29% cap rate. The asking price is $3,800,000, translating to $405.03 per square foot. The current lease type is NNN, and the property benefits from below-market rents and leases expiring soon, presenting significant upside potential for value-add improvements. This fully leased investment opportunity is ideal for investors seeking strong cash flow and future appreciation. The property's strategic location and tenant mix, combined with its potential for increased rental income, make it a highly attractive investment prospect. The property's prominent location at a signalized intersection ensures high visibility and accessibility for tenants and customers alike. Pylon signage further enhances visibility from Boy Scout Drive.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Restaurant
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Take-out & Catering
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Home Health Care Service
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Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Zoning & alternative use
It is the express intent of CI District to provide areas for more intense commercial development and commerce while maintaining an attractive community.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CI · Fort Myers, FLIt is the express intent of CI District to provide areas for more intense commercial development and commerce while maintaining an attractive community.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
It is the express intent of CI District to provide areas for more intense commercial development and commerce while maintaining an attractive community.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CI in Fort Myers, FL.
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