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Dutch Bros - Fort Myers FL 11556 Majestic Palms Blvd 950 SF Retail Building Fort Myers, FL 33908 $4,645,574 CAD ($4,890.08 CAD/SF) 5% Cap Rate
Investment Highlights
- Prime visibility at a high-traffic corridor, offering outstanding daily consumer exposure and strong signage opportunities for tenants.
- Versatile retail suites with modern storefronts, ideal for food-and-beverage, service retail, boutique concepts, or medical-retail operators.
- Situated within a dense residential and daytime-employment population, driving steady demand from surrounding households and workforce.
- Anchored by nationally recognized retailers, creating consistent customer draw and boosting cross-shopping potential for all occupants.
- Convenient ingress and egress along major arterials, providing easy access for both local residents and visiting consumers.
- Strong regional demographics with high consumer spending, enhancing long-term sales performance and tenant success.
Executive Summary
The tenant recently signed a brand-new 15-year lease, which includes three additional five-year extension options, underscoring their long-term commitment to the site. The lease is structured with 10% rental increases every five years during the initial term and at the start of each option period, ensuring consistent growth in net operating income (NOI) and providing a hedge against inflation. Dutch Bros, the tenant, is the third-largest coffee chain in the United States, operating over 1,080 locations across 24 states, with an ambitious long-term goal of expanding to more than 4,000 stores. The property, constructed in 2026, features high-quality materials, distinctive design elements, and premium finishes, reflecting a modern and appealing aesthetic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2026
Price
$4,645,574 CAD
Price Per SF
$4,890.08 CAD
Cap Rate
5%
NOI
$232,280 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.07 AC
Zoning
CPD - Commercial Planned Development
Parking
13 Spaces (13.68 Spaces per 1,000 SF Leased)
Frontage
152’ on San Carlos Blvd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-45-24-L4-65000.0080 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $493,624 CAD |
Property Taxes
Parcel Number
31-45-24-L4-65000.0080
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$493,624 CAD
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Dutch Bros - Fort Myers FL | 11556 Majestic Palms Blvd
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