9955 Triangle Blvd Naples, FL 34113

This exceptional investment opportunity presents a single-tenant, 55,000-square-foot Hobby Lobby store situated on a 6.45-acre lot in Naples, Florida. Built in 2016, this freestanding building boasts a strong lease with a nationally recognized brand, Hobby Lobby, extending until November 30, 2031, representing over seven years of remaining lease term. The property features a current net operating income (NOI) of $577,500, translating to a compelling 5.83% capitalization rate and a price per square foot of $180. The current rent is below market value at $10.50 per square foot, with built-in rent increases every five years, ensuring consistent future income growth. Located at 9955 Triangle Blvd, Naples, FL 34113, this property benefits from its position in a high-traffic area within Collier County, characterized by strong demographics and high household incomes. The property's irreplaceable nature, combined with the long-term lease and built-in rent escalations, makes this a truly exceptional investment opportunity in one of Southwest Florida's most desirable markets. This is a single-story building offering significant upside potential for long-term investors seeking a stable, high-yielding asset.