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Shopping Strip

Northshore Shopping Center

13860 N Cleveland Ave, North Fort Myers, FL 33903

Listing Price: $5,600,000

Cap Rate
5.78%
Gross SF
35,110
Rentable SF
35,110
Price/Gross SF
$159.50
Lot Size
3.82 acres
Year Built
1974

Investment Overview

Immediate upside through lease-up of two small-bay vacancies Long-standing tenure at this location for Wendy’s (42 years) and Pet Supermarket (22 years), both have exercised multiple renewal options High volume locations for Pet Supermarket based on store sales and Harbor Freight based on placer.ai foot traffic data Long-term upside due to below market rents for Wendy’s, Pet Supermarket and a nail salon Located on US Highway 41 with direct access to Pondella Road - combined traffic count of 57,000 vehicles per day Just across the bridge from downtown Fort Myers Population has grown by 18% in the past five years and there are several new developments in the immediate area

Investment Highlights

  • 35,110 square foot shopping center anchored by Harbor Freight and Pet Supermarket and shadow anchored by a high-volume Big Lots
  • Offering includes a free-standing Wendy's outparcel with drive-thru
  • Attractively priced at $159 per square foot

Exclusively Listed By

Financing By

Shopping Strip

Northshore Shopping Center

Listing Price: $5,600,000

Cap Rate
5.78%
Gross SF
35,110
Rentable SF
35,110
Price/Gross SF
$159.50
Lot Size
3.82 acres
Year Built
1974

Investment Highlights

  • 35,110 square foot shopping center anchored by Harbor Freight and Pet Supermarket and shadow anchored by a high-volume Big Lots
  • Offering includes a free-standing Wendy's outparcel with drive-thru
  • Attractively priced at $159 per square foot

Investment Overview

Immediate upside through lease-up of two small-bay vacancies Long-standing tenure at this location for Wendy’s (42 years) and Pet Supermarket (22 years), both have exercised multiple renewal options High volume locations for Pet Supermarket based on store sales and Harbor Freight based on placer.ai foot traffic data Long-term upside due to below market rents for Wendy’s, Pet Supermarket and a nail salon Located on US Highway 41 with direct access to Pondella Road - combined traffic count of 57,000 vehicles per day Just across the bridge from downtown Fort Myers Population has grown by 18% in the past five years and there are several new developments in the immediate area

Exclusively Listed By

Financing By

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