6391 Bayshore Rd North Fort Myers, FL 33917-3130
- Drug stores
- 16,169 SF
- 1.77 lot acres
Jan 02, 2025
Current Use by Public Records
- Drug stores
Property Details for 6391 Bayshore Rd
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.77 lot acres
- Property size
- 16,169 SF
- Zone code
- CC
- Property type
- Drug stores
- APN
- 30-43-25-00-00028.0000
- APU
- 30432500000280000
Description
This exceptional investment opportunity presents a fee-simple, Class A, 12,900 square foot Dollar General convenience store located at 6391 Bayshore Rd, North Fort Myers, FL 33917. The property sits on a 1.76-acre lot at a signalized intersection with high traffic counts (34,000 vehicles daily) and enjoys excellent visibility. Nearby businesses include McDonald's, Publix, Circle K, and Walgreens, indicating a strong retail environment. The building, constructed in 2008, is a single-story masonry block and stucco structure in excellent condition, having withstood past hurricanes with minimal damage. The property benefits from an absolute NNN lease with a corporate guarantee from CVS, providing significant financial security. The lease has a remaining term of 9.2 years (expiring 01/31/2034), with a fixed annual rent of $357,717, representing an 8.00% cap rate and a price per square foot of $346.63. The asking price is $4,471,463. The property is zoned for commercial use and offers significant potential for long-term appreciation. This is a rare opportunity to acquire a stable, high-performing retail asset in a prime location with a strong tenant and favorable lease terms. The property is offered free and clear of debt. The seller will retire the existing mortgage upon sale.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.8513
- Latitude
- 26.6994
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
