Walgreens

4 NE Pine Island Road, Cape Coral, FL
Deal Type:
Net Lease
Price:
$7,957,895
Cap Rate:
4.75%
Current Rent:
$378,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
12 x 5 year options
Building Sq. Ft.:
15,120
Rent Increases:
5% every 5 years
Site Size:
1.83 acres
  • walgreens cape coral stream capital partners
  • walgreens cape coral stream capital partners
  • walgreens cape coral stream capital partners
  • walgreens cape coral stream capital partners

Investment Highlights

  • Located at the signalized intersection of Pine Island Rd. and Santa Barbara Blvd. (82,000 cars per day combined)
  • Income Tax Free State
  • Rare 5% increases throughout the base term and each option period
  • Dense market in the Ft Myers MSA with growth rates in excess of 20%

Listing Agents

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

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