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1851 NE Pine Island Rd
Cape Coral, FL 33909
LongHorn Steakhouse · Retail Property For Sale
Investment Highlights
- Brand New, 10-Year, Triple Net (NNN) Ground Lease With Full Lease Term Remaining
- 10 Percent Rent Increases Every Five Years Throughout Base Term of Lease and Option Periods
- Within Walking Distance of No. 1 Ranked Outback Steakhouse in Florida, and Ranked Ninth in the Country Out of 653 Stores, According to Placer.ai
- Below Market Rent Provides a Buyer With Added Security and Upside Potential
- Outparcel to Northpoint Shopping Center With Tenants Including Publix, Bed Bath & Beyond, Michael’s, Aldi, Five Below, PetSmart, Mattress Firm
- Other Surrounding National Brands Include Lowe’s, Super Target, Walmart Neighborhood Market, Burlington, Firestone Complete, Starbucks, Dunkin’ Donuts
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,710 SF
Building Class
B
Year Built/Renovated
2008/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.46 AC
Zoning
CORR - Commercial-Residential
Parking
106 Spaces (21.65 Spaces per 1,000 SF Leased)
Frontage
260’ on NE Pine Island Rd
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 05-44-24-C4-01580.0020 | Improvements Assessment | $943,412 |
| Land Assessment | $956,580 | Total Assessment | $2,017,790 |
Property Taxes
Parcel Number
05-44-24-C4-01580.0020
Land Assessment
$956,580
Improvements Assessment
$943,412
Total Assessment
$2,017,790
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