3045 Fowler Street Fort Myers, FL 33901
Retail
MLS #: 224073635
Courtesy Of VIP Realty Group, Inc.
Property InformationDescription
This freestanding automotive sales and service center is available for sale as an investment property with a long-term tenant in place. Being offered at a 5.2% CAP Rate, the current annual gross income is $98,880 with 3% annual escalations. The lease has 8 1/2 years remaining, expiring on February 28, 2033, with (1) one (3) three-year Option to Renew. The current tenant has been in this same location since 2012 and recently signed a new lease, which includes a personal guarantee.
The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25,500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8,048± SF Includes 1,440± SF Finished Carport
The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25,500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8,048± SF Includes 1,440± SF Finished Carport
Features
- Age: 41-50 Years Old
- Amenities: Dock
- Architecture Style: Other
- Floors: 1
- Legal Description: EAST STADLER FARMS PB 5 PG 6 PT LOT 15 OR 1243 PG 52
- MLSID: 224073635
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