FULLY LEASED | SINGLE TENANT | TRIPLE NET INVESTMENT PROPERTY | 6.28% CAP RATE

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9211 Cypress Lake Drive , Fort Myers, FL 33919

Listing Description

SALE PRICE REDUCED!  Available for sale as an investment property, this former Dairy Queen locatons has long been one of Lee Counties favorite ice cream shops and take out locations and is currently known as Eats and Treats.  The Tenant has a Triple Net Lease with an expiration date of October 31, 2020 and one five year Option to Renew.  The Annual NOI is $20,400 effective 11/01/19, with annual escalation of $1,200 per year and is being offered at a 6.287% CAP Rate.  

Showings by Appointment Only!
Please do not disturb the Tenant or the Patrons

Additional Information

Retail
Reduced! $325,000
1993
8,044.78± SF
722± SF
21-45-24-00-00015.0020
6.28%±

Area Description

The property is located at the lighted intersection and southeast corner of Cypress Lake Drive and Learning Court and is ideally situated across from Rutenberg Community Park, which offers year round football and baseball activities, as well as tennis and handball courts. The property is also within walking distance of Cypress Lake Middle School and Cypress Lake High School. Per the 2017 FDOT Report, Cypress Lake Drive from McGregor Blvd. has a high traffic volume with an Annual Average Daily Traffic Count of 28,500 cars per day.

Agent Information

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Lisa Farrell-Sands

Email: LSands@vipcommercial.com
Phone: (239) 489-3303
Cell Phone: (239) 470-5582

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Kim Hudak

Email: khudak@vipcommercial.com
Phone: (239)489-3303
Cell Phone: (239)887-1531

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