18971 SR 31
North Fort Myers, FL
Price:
$6,130,000
Cap Rate:
5.00%
NOI:
$306,502
Building Size:
Approx. 3,120 Sq. Ft.
Lot Size:
Approx. 1.84 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2020
Investment Overview
- 2020 Construction. 3,120+/- SF Building on 1.84+/- Acre Site
- 10 Years Left on Abs. NNN Corp. Lease with 10% Rental Increases Every 5 Years in Primary Term and (4) 5-Year Options
- Attractive Tax Advantages via reinstated Bonus Depreciation
- Strong Signalized Corner Location Along Two of the Regions Major Thoroughfares
- Just South of 18,000 Acre Babcock Ranch Development – 19,000 Homes & 50,000 Residents
- 7-Eleven Is the Largest Convenience Retailer in the World with 85,000+ Stores in 20 Countries
- North Fort Myers | The Fort Myers MSA is Home to 861,000+ Residents | Population: 104,100+