About This Restaurant
Investment Highlights
Brand New 15-Year Lease | Corporate Guaranteed | 10% Rental Increases | Cooper?s Hawk - 55+ Locations Brand New Construction | Limited Capital Expenditure Strong Demographics In 5-mile Trade Area | Population Growth Absolute NNN Ground Lease | No Landlord Responsibilities | No State Income Tax Fronting 6 Mile Cypress Highway | Daniels Crossing | Interstate 75 |Excellent Visibility & Access | New Fort Myers Location
Executive Summary
? Cooper?s Hawk, has signed a 15-year initial term lease with 3 (5-year) options to extend, demonstrating their commitment to the site? The lease is corporate guaranteed by Cooper?s Hawk Intermediate Holding, LLC (55+ locations nationwide)? Attractive 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging inflation
Property Details
- Sale Type Investment NNN
- Property Type Retail Retail General Retail Freestanding General Retail Restaurant Retail
- Building Size 10,653
- Year Built 2023
- Price 7,217,000
- Price Per SF 677
- Cap Rate 5.75
- NOI 414,975
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 2.16 AC
Amenities
- Freeway Visibility
- Restaurant
- Signage
Nearby Amenities & Transportation
Retail | Bank of America | ||
Retail | Publix | ||
Retail | Cyclebar | ||
Retail | Chase | ||
Retail | Truist | ||
Retail | Burn Boot Camp | ||
Retail | First Horizon Bank | ||
Retail | Keke's Breakfast Cafe | ||
Retail | Club Pilates | ||
Retail | Whole Foods |
Property Taxes
Parcel Number | 19-45-25-18-000F2.0010 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $408,396 |
Date Created: | 2024-07-16 04:13:33 | Last Updated: | 2024-07-16 04:13:33 |
Address: | 13671 Olympic Ct , Fort Myers, Florida, 33912 |