Cap Rate: 7.00%
Lot Size: 2.46 AC
Total NOI: $172,810
Total Square Footage: 11,708
This two tenant Dollar General anchored property is located at a signalized intersection in Cape Coral, FL. It is well located within the Cape Coral/Fort Myers, Florida Metropolitan Statistical Area. The property includes a 9,100 square foot Dollar General built in 2011 and a 2,608 square foot Lelulo’s The tenants are subject to a net lease structure with Landlord obligations to include roof, structure, and parking lot.
Cape Coral is a city located in Lee County, Florida on the Gulf of Mexico. Founded in 1957 and developed as a planned community, the city grew to a population of 154,305 by the year 2010. The city’s population estimate was 165,831 for 2013 and 179,804 for 2016. With an area of 120 square miles, Cape Coral is the largest city between Tampa and Miami. It is a principal city in the Cape Coral – Fort Myers, Florida Metropolitan Statistical Area. The population estimate for the statistical area was 679,513 for 2014. The city is known as a “Waterfront Wonderland”; with over 400 mi of navigable waterways.