INVESTMENT PROPERTY WITH LONG-TERM TENANT | 5.2% CAP RATE | FOWLER STREET

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.  

Additional Information

Property Taxes:  $10,220.56 (2023)
Zoning:  CI (Commercial Intensive) City of Fort Myers
Bays / Overhead Doors:  7
Paint Booth:  Included in Sale 

PLEASE DO NOT DISTURB THE TENANTS 
Contact Ethan Schumacher at (239)220-3042 to arrange a showing appointment.