Shopping Strip

The Verandah

3032 Santa Barbara Blvd, Cape Coral, FL 33914

Listing Price: $3,082,000

Cap Rate
7.91%
Gross SF
15,448
Rentable SF
15,448
Price/Gross SF
$199.51
Lot Size
1.26 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present The Verandah, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Cape Coral, FL. This unique investment opportunity is ideally positioned in the exact crosshairs of the largest populated township in the State of Florida. Additionally, this dense infill, high barrier to entry location on Santa Barbara Boulevard, which sees 31,800 Cars Per Day. The location has a long operating history with a growing built in customer base with a diverse mix of service and destination-based tenants on staggered leases. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • 7.91% Cap Rate on Current in Place IncomeĀ 
  • True Value-Add Shopping Center with 10% Vacancy
  • More Than 430 Feet of Linear Frontage on Santa Barbara Boulevard
  • 10,392 Population Within 1 Mile
  • Cape Coral / Ft. Myers Is One of the Fastest Growing Metro Markets in the U.S.

Exclusively Listed By

Listing Price: $3,082,000

Cap Rate
7.91%
Gross SF
15,448
Rentable SF
15,448
Price/Gross SF
$199.51
Lot Size
1.26 acres
Year Built
2007

Investment Highlights

  • 7.91% Cap Rate on Current in Place IncomeĀ 
  • True Value-Add Shopping Center with 10% Vacancy
  • More Than 430 Feet of Linear Frontage on Santa Barbara Boulevard
  • 10,392 Population Within 1 Mile
  • Cape Coral / Ft. Myers Is One of the Fastest Growing Metro Markets in the U.S.

Investment Overview

Marcus & Millichap is pleased to present The Verandah, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Cape Coral, FL. This unique investment opportunity is ideally positioned in the exact crosshairs of the largest populated township in the State of Florida. Additionally, this dense infill, high barrier to entry location on Santa Barbara Boulevard, which sees 31,800 Cars Per Day. The location has a long operating history with a growing built in customer base with a diverse mix of service and destination-based tenants on staggered leases. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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