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3141 NE Pine Island Rd
Cape Coral, FL 33909

Starbucks - N. Fort Myers · Retail Property For Sale

Restaurants Florida Cape Coral 3141 NE Pine Island Rd, Cape Coral, FL 33909

INVESTMENT HIGHLIGHTS

  • Starbucks is located off the signalized, hard corner intersection of US Highway 41 and NE Pine Island Rd averaging 89,000 VPD
  • The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
  • Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
  • The site benefits from close proximity to a new Residential Development at Merchant’s Crossing (279 Units), further increasing consumer traffic
  • 2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
  • The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation

EXECUTIVE SUMMARY

Corporate Guaranty (S&P: BBB+)
Drive-Thru Equipped

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
C
Year Built
2023
Price
$5,090,230 CAD
Price Per SF
$2,036.09 CAD
Cap Rate
5.50%
NOI
$279,999 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
CPD - Commercial Planned Development

AMENITIES

  • Signalized Intersection
  • Drive Thru

PROPERTY TAXES

Parcel Number 34-43-24-03-000R0.0000 Improvements Assessment $243,370 CAD
Land Assessment $1,034,530 CAD Total Assessment $1,308,425 CAD

PROPERTY TAXES

Parcel Number
34-43-24-03-000R0.0000
Land Assessment
$1,034,530 CAD
Improvements Assessment
$243,370 CAD
Total Assessment
$1,308,425 CAD
 

  • Listing ID: 28814421

  • Date on Market: 2023-06-21

  • Last Updated:

  • Address: 3141 NE Pine Island Rd, Cape Coral, FL 33909

The Diplomat Retail Property at 3141 NE Pine Island Rd, Cape Coral, FL 33909 is currently available. Contact SRS Real Estate Partners for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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