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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
Freestanding Hobby Lobby building for sale. This building is currently occupied until November 2031 by tenant Hobby Lobby. Great investment opportunity, call for more details
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
Fifth Third Bank
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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