101-111 Del Prado Blvd N
Cape Coral, FL 33909
Coral Commons · Retail Property For Sale

Marcus & Millichap is pleased to present for sale Coral Commons, a 29,886-square foot shopping center located in Cape Coral, Florida. Coral Commons is currently 92 percent occupied by a long-term diverse tenant mix. El Caribe Mini Mart, Vegas Games and Bottles Lounge have occupied the center for more than 10 years. Sally Beauty/Cosmo Prof has occupied the center for more than eight years, and Mambo Restaurant has been a tenant for over six years. Coral Commons is ideally positioned with over 600 feet of frontage on Del Prado Boulevard North. Del Prado Boulevard North is a major road traveling North/South through the heart of Cape Coral. Coral Commons is exposed to 32,000 passing vehicles per day on Del Prado Boulevard. Coral Commons is ideally located less than 15 minutes west of Fort Myers, Florida. The population within a 5-mile radius of Coral Commons is over 139,000 with a median age of 45.3 years. These demographics are ideal for the existing tenant base and is attractive for both national and regional retailers. Cape Coral is the largest city in the Cape Coral-Fort Myers MSA, America’s fastest growing metropolitan area. In fact, the Cape Coral-Fort Myers MSA has recorded the most rapid population growth in the country for two years in a row, and five years out of the last thirteen. The population of Cape Coral is expected to double over the next 20 years, making this the perfect opportunity for an investor to acquire a boomtown asset and capitalize on the explosive growth of the immediate surrounding area.