9955 Triangle Blvd, Naples, FL 34113
- Retail space
- 55,048 SF
- 6.45 lot acres
Current Use by Public Records
- Hobby Lobby / (Bike/Boat/Book/etc) Store
Property Details for 9955 Triangle Blvd
- Year built
- 2016
- Lot size
- 6.45 lot acres
- Property type
- Retail space
- APN
- 77510402121
- APU
- 77510402121
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 14, 2021 | — | E5 Naples LLC | — | Deed · related | $7.8M · Lake Michigan Cu |
| Aug 30, 2018 | — | Sd Tract 4 LLC | — | Deed · related | $400k · Iberiabank |
| Jun 19, 2017 | $9,350,000 | E5 Naples LLC | Sd Tract 4 LLC | Grant Deed | — |
| Jul 1, 2016 | — | Sd Tract 4 LLC | — | Trustees Deed · related | $400k · Gibraltar Private Bk&tr Fsb |
| — | — | Sd Tract 4 LLC | — | Deed Of Trust · related | $400k · Iberiabank |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,170,000
- 6.5%
- $10,310,000
- 7%
- $9,575,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,853,000
Market price range: $1.88M - $19.5M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.7029
- Latitude
- 26.0673
- CBSA code
- 34940
- CBSA name
- NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA
