17521 N Tamiami Trl

    NORTH FORT MYERS, FL 33903
    • $998,500
    • STATUS: Active
    • ON SITE: 85 days
    • MLS #: 220016985
    UPDATED: 45 min ago
    $998,500
    • 0
      BEDS
    • 1.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,000
      SQFT
    • $125
      $/SQFT
    Type:
    Commercial
    Built:
    1962
    County:
    Lee

    School Ratings & Info

    Description

    A desirable high-visibility premium NNN income-generating investment property, located at 17521 N. Tamiami Trail (US 41) in North Fort Myers, Southwest Florida (just south of Del Prado and just north of the intersection of US 41 and Business 41). The property has an in-place net operating income of approximately $67,530, yielding a 6.75% cap rate. The lease structure is NNN (triple net), meaning the tenant pays all expenses. The property houses a well-established golf cart business, Affordable Golf Carts, that sells, services and repairs new and used golf carts. These top-of-the-line golf carts can be used on golf courses and also on streets in residential communities. The tenant recently renewed the lease with an expiration in 2026, and there are three 5-year options remaining. Affordable Golf Carts is one of the largest businesses of its kind in Southwest Florida, with five locations serving Lee, Collier and Charlotte counties and as well as further afield. The lease guarantor is the owner of all five locations, and the business continues to expand throughout the Southwest Florida market.

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    The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. 3035763. Properties displayed on this Website include properties listed with brokerage firms other than Diamond Coastal Group at Premiere Plus Realty. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service. Data last updated 2020-05-30T16:28:17.54.
    www.diamondcoastalrealty.com/homes/103870802

    17521 N Tamiami Trl NORTH FORT MYERS, FL 33903

    • Price: $998,500
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 220016985
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.03
    Acres
    8,000
    SQFT
    $125
    $/SQFT
    1962
    Built
    Neighborhood:
    Fn07 - North Fort Myers Area
    County:
    Lee
    Area:
    Fn07 - North Fort Myers Area
    Property Description
    A desirable high-visibility premium NNN income-generating investment property, located at 17521 N. Tamiami Trail (US 41) in North Fort Myers, Southwest Florida (just south of Del Prado and just north of the intersection of US 41 and Business 41). The property has an in-place net operating income of approximately $67,530, yielding a 6.75% cap rate. The lease structure is NNN (triple net), meaning the tenant pays all expenses. The property houses a well-established golf cart business, Affordable Golf Carts, that sells, services and repairs new and used golf carts. These top-of-the-line golf carts can be used on golf courses and also on streets in residential communities. The tenant recently renewed the lease with an expiration in 2026, and there are three 5-year options remaining. Affordable Golf Carts is one of the largest businesses of its kind in Southwest Florida, with five locations serving Lee, Collier and Charlotte counties and as well as further afield. The lease guarantor is the owner of all five locations, and the business continues to expand throughout the Southwest Florida market.
    Exterior Features

    Canal Width None Depth 300 Fenced Yard YN Yes Gulf Access YN No Lease No Of Parking Spaces 60 Lease Rail YN No Lease Traffic Count 40000 Lot Frontage 150 Number Of Bays 1 Waterfront Desc None Waterfront YN No

    Interior Features

    Cooling Remarks Electric Cooling YN Yes Heating Remarks Electric Heating YN Yes Lease Power Electric Total Building Sq Ft 8000 Total Floors 1

    Property Features

    Commercial Property Type Retail-Commercial: Free Standing BuildingRetail-Commercial: OtherSpecial Purpose: Misc. Other Commercial Type Commercial Only Confidentiality Agreement Reqd YN Yes Foreclosed Reo YN No Income Cap Rate 6.76 Lease Price 67500.00 Lease Rate Desc Per Sqft Annual Net Maximum Subject Property Sq Ft 8000 Minimum Subject Property Sq Ft 8000 MLS Bonita Springs Potential Short Sale YN No Property Use Type Investment Sale Includes Building And LandOther See Remarks Source Of Measure Lot Size Property Appraiser Office Status Type Resale Property Tax Year 2019 Taxes 4234.00 Tenancy Single Transaction Type Sale Utilities Available 3-Phase ElectricElectricPhone LineSewerSingle Phase ElectricTrash RemovalWater Zoning Code Cg

    Listing courtesy of Berkshire Hathaway Florida.


    The data relating to real estate for sale displayed on this Website comes in part from the Multiple Listing Service of the Bonita Springs-Estero Association of REALTORS®, Inc., under License No. 3035763. Properties displayed on this Website include properties listed with brokerage firms other than Diamond Coastal Group at Premiere Plus Realty. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service, or contained in the database compilation of the Bonita Springs-Estero Association of REALTORS® Multiple Listing Service. Data last updated 2020-05-30T16:28:17.54.
     
    Diamond Coastal Group at Premiere Plus Realty
    3401 Pelican Landing Parkway #2
    Bonita Springs FL, 34134