762 Pine Island Rd
Cape Coral, FL 33991
Carrabba's Italian Grill: Cape Coral, FL · Retail Property For Sale

CBRE' s Net Lease Property Group is pleased to present the opportunity to acquire a 6,410-square-foot freestanding Carrabba' s Italian Grill situated on 1.86 acres in Cape Coral, Florida (Population: 177,217). Cape Coral is in Lee County, Florida, which is coterminous to the Cape Coral Fort Myers, FL MSA (Population: 722,336). Forbes has ranked the metro area as the top fastest growing city of 2017 due to its recent growth resulting from its central location between Florida' s two largest metropolitan areas, Tampa and Miami (Combined Population: 9.07 Million). Built in 2005, Carrabba' s absolute NNN lease has 13.5 years of primary term remaining, four 5-year options to renew, and attractive annual rent escalations. The property is ideally situated with excellent access and visibility at the corner of Skyline Boulevard (Traffic Count: 21,000 VPD) and Pine Island Road (Traffic Count: 42,000 VPD) which provides the only automobile access to popular Pine Island. The site is directly adjacent to Hurricane Grill & Wings and a shopping plaza occupied by Stuff A Bagel, Family Fitness Center, Allstate, ReMax, DiCicco' s Meats, Island Décor and More, and Gulf Coast Family Clinic among several others. The property benefits from its location within Cape Coral' s robust retail and commercial corridor which boasts 2.0 MSF of retail and 1.1 MSF of industrial within a 3-mile radius. Carrabba' s is positioned less than 1.0 miles from a 71,516-square-foot power center occupied by Walmart Neighborhood Market, Kohl' s, Office Max, Michaels, DressBarn, Dollar Tree and Sally Beauty.