www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31871365
31871364

110 Northeast 2nd Place, Cape Coral, FL 33909

AH
FL SL357790
Matthews
JL
FL SL3510801
Matthews
Listed by Matthews
$15,000,000
45 days on market
Updated 31 days ago

Twins Central Plaza

Details
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 47,377
Net Rentable (SqFt) 47,377
Units 18
Occupancy 94.51%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 5.94%
Pro-Forma NOI $890,317
Price per SqFt $317
Class A
Year Built 2007
Year Renovated 2024
Acreage 4.350
Zoning CC
Investment Type Stabilized
Ground Lease No

Twins Central Plaza | High-Performing Retail Center Anchored by Key Food | 47,377 SF

Marketing description

This institutionally constructed, grocery-anchored multi-tenant retail center is located in one of Cape Coral’s most established and highest-performing commercial corridors. The property totals 47,377 square feet, is 94.51% leased, and is anchored by Key Food Supermarket, providing consistent daily-needs traffic and durable long-term income stability.

Notably, Key Food Supermarket ranks in the 100th percentile nationwide per Alpha Maps, underscoring the exceptional performance, traffic draw, and market dominance of the anchor location. This best-in-class grocery performance meaningfully enhances in-line tenant sales, retention, and overall center stability.

The center benefits from strong construction fundamentals, limited near-term capital exposure, and a tenant-friendly layout—positioning the asset as a compelling long-term investment in one of Southwest Florida’s fastest-growing retail markets.

Investment highlights

94.51% Leased | Stabilized Investment

• 94.51% Leased

• Immediate in-place cash flow with little lease-up risk

• Diversified tenant roster reduces reliance on any single in-line tenant

Anchor-Driven Traffic & Stability

• Grocery anchor delivers consistent, daily necessity traffic

• Elite anchor performance (100th percentile nationally) materially benefits in-line tenants

• Strong synergy between grocery, service, and neighborhood retail users

Attractive Expense Structure

• Tenant-responsible HVAC

• CAM structure designed to recover operating expenses

• Limited landlord maintenance obligations relative to comparable assets

Durable, E-Commerce Resistant Tenant Mix

• Service-based, necessity-oriented, and local retail tenants

• Well-positioned to serve surrounding residential neighborhoods

• Strong alignment with Cape Coral’s expanding population base

Prime Cape Coral Retail Positioning

• Located at 110 NE 2nd Place, just off Pine Island Road, one of Cape Coral’s primary east–west commercial corridors

• Excellent accessibility serving North and Central Cape Coral

One of Florida’s Fastest-Growing Markets

• Cape Coral continues to experience strong population growth and residential expansion

• Ongoing development fuels sustained demand for neighborhood retail and services

Dense Residential Trade Area

• Surrounded by established neighborhoods and ongoing infill development

• Built-in customer base supports daily retail demand and long term tenant stability

Retail Synergy & Market Momentum

• Positioned among established shopping centers, grocery anchored retail, and national tenants

• Benefits from strong area-wide traffic generation and retail activity

Listing Contacts

AH
FL SL357790
Matthews
JL
FL SL3510801
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Aiden Hawkins
License
SL357790
Name
Jake Lurie
License
SL3510801
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591