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1902-1918 Boy Scout Dr 18,144 SF 100% Leased Retail Building Fort Myers, FL 33907 $6,000,000 ($330.69/SF) 5.20% Cap Rate
Investment Highlights
- Very heavy traffic
Executive Summary
Great corner at US 41 and Boyscout Dr Frontage on both Boyscout Dr and US 41
The center is getting new roofs on all buildings, New siding on Aquarium building. New canopy decking and lighting. Completely rehabbed marquis sign, all from Hurricane Ian damage. $500,000 upgrade in process.
The center is getting new roofs on all buildings, New siding on Aquarium building. New canopy decking and lighting. Completely rehabbed marquis sign, all from Hurricane Ian damage. $500,000 upgrade in process.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
18,144 SF
Building Class
C
Year Built
1985
Price
$6,000,000
Price Per SF
$330.69
Cap Rate
5.20%
NOI
$312,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.25
Lot Size
1.69 AC
Zoning
CI - Commercial Intensive
Parking
104 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
310’ on Boy Scout
Amenities
- Bus Line
- Dedicated Turn Lane
- Signalized Intersection
About 1902-1918 BOY SCOUT DR , FORT MYERS, FL 33907
3 buildings with stable tenants 100% leased Short leases for redevelopment opportunity No one wishes to leave.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aquarium
- -
- -
- -
- -
- Downtown Vapor Inc
- -
- -
- -
- -
- Man Cave Retreat Barber
- -
- -
- -
- -
- Petra Mediterainian Market
- -
- -
- -
- -
- Wok Cuisine-Chinese Restaurant
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aquarium | - | - | - | - | ||
| Downtown Vapor Inc | - | - | - | - | ||
| Man Cave Retreat Barber | - | - | - | - | ||
| Petra Mediterainian Market | - | - | - | - | ||
| Wok Cuisine-Chinese Restaurant | - | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-45-24-P2-00200.0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,154,584 |
Property Taxes
Parcel Number
11-45-24-P2-00200.0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,154,584
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1902-1918 Boy Scout Dr
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