9250 6 Mile Cypress PkwyFort Myers, FL 33966

Property Details for 9250 6 Mile Cypress Pkwy

Year built

2007

Lot size

1.24 AC

Property size (Sq ft)

4,036 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 4,036 square foot storefront in Fort Myers, Florida, currently occupied by Heartland Dental under a corporate-guaranteed net lease. The lease, commencing September 24, 2021, and expiring September 30, 2031, offers a substantial remaining term of 6.9 years. The property boasts a strong 5.90% cap rate and a Net Operating Income (NOI) of $161,440, with a sale price of $2,736,000 ($677.90 per square foot). Built in 2007 and renovated in 2020, this single-tenant property sits on a 1.24-acre lot and benefits from built-in rent bumps of 10% every five years, along with four and five-year lease options. The property enjoys a prime location within a thriving retail corridor, surrounded by major national retailers including Walmart, Lowe's, Kohl's, Home Depot, Target, and Publix. The surrounding area demonstrates significant growth potential, with projections indicating a 10%+ increase in population and households within a five-mile radius by 2028. This presents a secure, high-yield investment with significant long-term growth prospects. 100% occupancy ensures immediate cash flow.

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.6095

Longitude

-81.812

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