16371 Corporate Commerce Way | Fort Myers, FL 33913
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- LoopNet Team
16371 Corporate Commerce Way
Fort Myers, FL 33913
BACKYARD SOCIAL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BackYard Social is offering a 10-year Absolute NNN sale-leaseback, featuring 10% rental increases every 5 years.
- impressive EBITDAR/RENT multiple of 5.64X, highlighting the property’s ability to generate substantial earnings relative to its rental obligations.
- HIGH YIELDING INVESTMENT: Property is being offered at a Year-1 in place cap rate of 7.00%.
- “Backyard Social” is a fresh, dynamic venue combining food trucks, drinks, and social entertainment, catering to a wide demographic
- Completed in 2023, this newly built property offers 8,500 square feet of space on a ±1.93 AC lot as well as the 4,000+ SF of outdoor space.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.95 AC
Zoning
MPD
Frontage
220’ on Corporate Commerce Way
PROPERTY TAXES
| Parcel Number | 02-46-25-04-0000G.0000 | Improvements Assessment | $3,629,860 |
| Land Assessment | $2,392,290 | Total Assessment | $6,428,064 |
PROPERTY TAXES
Parcel Number
02-46-25-04-0000G.0000
Land Assessment
$2,392,290
Improvements Assessment
$3,629,860
Total Assessment
$6,428,064
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