18971 Babcock Ranch Road
North Fort Myers, Florida
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
- Approx. 9 Years Remaining On Absolute NNN Corporate Lease With 10% Rental Increases Every 5 Years
- Excellent Location At The Signalized Intersection Of SR 31 & Old Bayshore Road (15,825+ Combined VPD)
- Just South Of 18,000 Acre Babcock Ranch Development Which Will Accommodate 19,000 Homes And 50,000 Residents
- 100% Bonus Depreciation Eligible, Check With CPA
- 7-Eleven Is The World’s Largest Convenience Store Chain With More Than 86,000 Stores In 19 Countries
- Fort Myers, FL | Future Job Growth Over The Next Ten Years Is Predicted To Be 44.0% | Population: 104,100