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Hobby Lobby 9955 Triangle Blvd 55,000 SF Retail Building Naples, FL 34113 $9,900,000 ($180/SF) 5.83% Cap Rate
Investment Highlights
- Irreplaceable real estate in Naples, FL
- Below market rent at $10.50 psf with increases every 5 years
- Located in one of the top trade areas in Southwest, FL
- 15-year base term with over 8 years remaining
- Phenomenally successful brand in Hobby Lobby
- Strong demographics and incomes
Executive Summary
This free-standing Hobby Lobby is located at the signalized intersection of US Highway 41 and Collier Blvd, one of Southwest Florida’s top retail corridors with over 70,000± combined VPD. The property features excellent visibility, cross-parking rights, and irreplaceable real estate in a premier Naples trade area surrounded by dominant retail centers. Backed by a nationally recognized, best-in-class tenant with a long-term lease in place, this asset offers stable cash flow and long-term value in one of Florida’s most affluent and supply-constrained markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
55,000 SF
Building Class
B
Year Built
2016
Price
$9,900,000
Price Per SF
$180
Cap Rate
5.83%
NOI
$577,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
7.61 AC
Opportunity Zone
Yes
Zoning
PUD - Planned Unit Development
Parking
600 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 77510402121 | Improvements Assessment | $4,936,492 |
| Land Assessment | $3,076,733 | Total Assessment | $8,013,225 |
Property Taxes
Parcel Number
77510402121
Land Assessment
$3,076,733
Improvements Assessment
$4,936,492
Total Assessment
$8,013,225
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Hobby Lobby | 9955 Triangle Blvd
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