Investment Highlights
58,704 SF For Sale - $8,495,000 - Only $145 PSF!
Well below market rents with short-term lease agreements in place
Across from brand new Publix
Major Upside and Redevelopment Opportunity
Currently anchored by Planet Fitness since 2007 along with other tenants including restaurants, thrift shop, nail salon and a free-standing restaurant
320 Surface parking spaces
Executive Summary
Miners Plaza is an approximately 58,000 SF retail center located on Old McGregor Blvd. in Fort Myers, Florida. Currently anchored by Planet Fitness since 2007 along with other tenants including restaurants, thrift shop, nail salon and a free-standing restaurant outparcel (15455 Old McGregor Blvd) that has been in occupancy since 2006. All roofs were replaced in 2021. The property is located directly across the street from a brand new Publix anchored shopping center.Due to the short term lease agreements in place, this property provides an exceptional opportunity to purchase a well located retail center with redevelopment and/or re-tenanting potential. The property enjoys incredible visibility to the main north-south artery in the area and very high traffic volume. There is ample parking (over 320 parking spaces) which also provides for attracting new tenants and/or restaurants to this property. This property is being offered for much less than its? replacement value and, thus, provides a great opportunity for an investor or developer to substantially increase the value of this property.
