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1628 Del Prado Blvd S 3,297 SF Retail Building Cape Coral, FL 33990 $2,694,165 ($817.16/SF) 7.25% Cap Rate
Executive Summary
Vero Capital Group is pleased to present the exclusive sale of a single-tenant Sunburn Cannibals located at 1628 Del Prado Boulevard, Cape Coral, Florida.
Sunburn operates under a newly executed 15-year lease, with more than 12 years of firm term remaining, plus four (1) additional five-year renewal options. The lease includes annual 3% rent increases throughout the base term and all option periods. The property sits on Del Prado Boulevard, Cape Coral’s primary retail corridor, directly across from a Walmart Supercenter. It offers strong frontage, excellent visibility, and benefits from the draw of numerous national retailers in the immediate area. Dense surrounding residential neighborhoods provide a steady consumer base, and nearby bus stops enhance accessibility for shoppers.
Sunburn operates under a newly executed 15-year lease, with more than 12 years of firm term remaining, plus four (1) additional five-year renewal options. The lease includes annual 3% rent increases throughout the base term and all option periods. The property sits on Del Prado Boulevard, Cape Coral’s primary retail corridor, directly across from a Walmart Supercenter. It offers strong frontage, excellent visibility, and benefits from the draw of numerous national retailers in the immediate area. Dense surrounding residential neighborhoods provide a steady consumer base, and nearby bus stops enhance accessibility for shoppers.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,297 SF
Building Class
B
Year Built
1990
Price
$2,694,165
Price Per SF
$817.16
Cap Rate
7.25%
NOI
$195,327
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.49 AC
Zoning
Commercial - Cape Coral Zoning District - C
Parking
18 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
45’ on Del Prado Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-44-24-C2-00697.0030 | Improvements Assessment | $523,538 |
| Land Assessment | $358,930 | Total Assessment | $882,468 |
Property Taxes
Parcel Number
30-44-24-C2-00697.0030
Land Assessment
$358,930
Improvements Assessment
$523,538
Total Assessment
$882,468
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1628 Del Prado Blvd S
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