This property is Off-Market

611 Burnt Store Road S
Cape Coral, FL 33991 ·

14,820 SF · Retail For Sale

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Walgreens

Price N/A Cap Rate 6.75%
Building Size 14,820 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Lot Size 1.54 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 16931302 Date Created: 11/29/2010 Last Updated: 11/29/2010

Description

Plaza Advisors, acting as exclusive agent on behalf of the Owner, is proud to offer for sale a 100% interest in this high-credit and newly constructed Walgreens building. The Property was completed in early 2010, totals 14,820 SF and Walgreens has a 75-year lease term. Walgreens is responsible for the maintenance and repair of its own roof and structure, pays pro-rata CAM to the owner of the adjacent Publix center, self-insures its premises and pays their own real estate taxes.

The property is situated on Burnt Store Road, north of the intersection with Pine Island Road (the major east-west signalized thoroughfare of Cape Coral). Thisbuilding serves as an outparcel to a bustling Publix-anchored shopping center named Coral Shores Center.

Research

611 Burnt Store Road S, Cape Coral, FL 33991 (Lee County)

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