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Pelican Place Pad NAPLES, FL
1024 - 1026 Pine Ridge Road, Naples, FL 34108
2,400 SF | Retail
Freestanding 2 tenant pad building
Retail Property - Off Market
- Building Size:
- 2,400 SF
- Property Type:
- Property Sub-type:
- Retail Pad
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Cap Rate:
- Listing ID
- Last Updated
- over 1 year ago
- Strong national tenants Papa John' s and Enterprise Rent-A-Car with late lease expirations and increasing rents.
- Seller offering buyer' s broker a 4% fee.
- Aggressive Cap Rate at 6.97 Cap on first year income. Annual increases raise return every year.
- Amazing frontage on Pine Ridge. Across from Waterside Shops-Saks, Louis Vuitton, Williams Sonoma and much much more.
- Seen by over 50,000 cars per day
- Located in the main retail district of Naples
- One mile from the Gulf Coast
Map of 1024 - 1026 Pine Ridge Road, Naples, FL 34108 (Collier County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P