Cypress Lake Dr., Fort Myers Shopping Center 8711 Cypress Lake Dr

Investment Highlights

Long term tenancy Ample parking Barriers to entry Below market rents Value add opportunity Diversified tenant mix

Executive Summary

8711 Cypress Lake Drive is a 9,021-square-foot retail strip center in Fort Myers, FL 33919. The property has six tenants, 41 parking spaces, and a full-size pylon signat the plaza?s front entrance. Built in 1980, this property is strategically positioned and benefits from its proximity to U.S. 41, a major north-south thoroughfare that connects south Fort Myers and the surrounding areas to downtown Fort Myers. The property is close to regional beaches and the local university, FSW.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Convenience Store General Retail Restaurant General Retail Storefront Retail/Office Storefront
• Building Size    9,022
• Building Class    C
• Year Built    1980
• Price    2,000,000
• Price Per SF    222
• Cap Rate    5.61
• NOI    112,236
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.21
• Land Acres    0.98 AC

• Bus Line
• Pylon Sign
• Signage