Multi-Tenant NNN Retail & Service Center
Retail | 6.34% CAP | 10,250 SqFt
Marketing description
±10,250 SF neighborhood retail and service center on Chiquita Blvd S, Cape Coral. The property is 100% occupied by 8 tenants in 10 demised units on triple-net leases, delivering day-one stabilized income with zero vacancy drag.
Direct frontage on Chiquita Blvd S, a major north-south arterial carrying 31,500 vehicles daily per FDOT 2024. The property sits just north of two of Cape Coral's most important east-west arterials: Pine Island Rd (SR 78) directly to the south and Veterans Memorial Pkwy (CR 884) farther south, providing rooftop-density capture from both directions.
All tenants pay base rent plus CAM at $6.00/SF/Yr and their own utilities, covering property taxes, insurance, and common area expenses. Minimal landlord responsibilities; highly predictable net cash flow.
Stabilized NNN income stream, diversified tenant base, and light management requirements make this property well-suited for 1031 exchange buyers and private investors seeking durable, passive cash flow.
Investment highlights
- ±10,250 SF neighborhood retail and service center on Chiquita Blvd S, Cape Coral. The property is 100% occupied by 8 tenants in 10 demised units on triple-net leases, delivering day-one stabilized income with zero vacancy drag.
- Roster spans barbershop/salon, Caribbean restaurant, discount retail, smoothies/acai, tobacco, medical wellness, cold plunge therapy, and a 24-hour Hotworx infrared fitness studio — a balanced blend of daily-needs and lifestyle uses.
- All tenants pay base rent plus CAM at $6.00/SF/Yr and their own utilities, covering property taxes, insurance, and common area expenses. Minimal landlord responsibilities; highly predictable net cash flow.
- Every lease features 3% annual base-rent escalations, producing predictable, built-in NOI growth through the hold period and material protection against inflation erosion.
- Initial terms of 5–10 years, with many tenants holding 1–3 renewal options of 5 years each, mitigate rollover risk and support sustained long-term occupancy.
- Stabilized NNN income stream, diversified tenant base, and light management requirements make this property well-suited for 1031 exchange buyers and private investors seeking durable, passive cash flow.
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