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Cape Coral Commons II 1511 NE Pine Island Rd 12,000 SF 100% Leased Retail Building Cape Coral, FL 33909 $11,126,015 CAD ($927.17 CAD/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS
  • HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
  • HIGH GROWTH CAPE CORAL, FL MARKET

EXECUTIVE SUMMARY

HIGH GROWTH CAPE CORAL, FL MARKET
- More than 142K people live within a 3-mile radius
- AAHI exceeds $70K in a 3-mile radius
- Cape Coral is the 8th largest city in FL, and the largest city between Tampa and Miami
- Cape Coral forecasts a 42% growth over the next 10 years
BRAND NAME TENANT MIX
- The center includes Sage Dental (80+ locations), Papa Johns (5,500+ locations), Huey Magoos (68+ locations), Naples Wax (3 locations), Pei Wei (119+ locations), and Choppers Hair Garage (3 locations)
ATTRACTIVE LEASE FUNDAMENTALS
- All newly signed leases provides 10 years of WALT for long term stability for the next investor with rental increases throughout the base terms
- Each lease is structured NNN, providing minimal landlord responsibility & exposure
HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
- More than 54,500 cars travel Pine Island Rd
- Over 91K combined cars at the Pine Island & Del Prado Blvd intersection
- Over 1.5MSF of retail located in 1-mile radius boasting a 2.0% vacancy rate
- Nearby National Tenant’s include: Lowe’s Home Improvement, Target, Publix, Chick-Fil-A
ACCESSIBLE LOCATION & TENANT SYNERGIES
- Cross access with adjacent center’s parking lot providing two points of ingress and egress on Pine Island Rd & Del Prado Blvd while also sharing customers across the multiple retail users
NEW CONSTRUCTION
- New construction will limit next owner’s risk to capital repairs during the hold period | Transferable warranties in place

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
12,000 SF
Building Class
B
Year Built
2025
Price
$11,126,015 CAD
Price Per SF
$927.17 CAD
Cap Rate
6.15%
NOI
$684,233 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.63 AC
Zoning
CC - Commercial
Parking
21 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
132’ on Northeast Pine Island Roa

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • -
  • -
  • $57.78 CAD
  • Triple Net
  • Jan 2035

Choppers Hair Garage is a family-owned and operated, full-service barber shop that offers more than just a haircut – we offer an experience. In 2023, Choppers opened its doors with one goal: Offer quality grooming, styling, and pampering services in a fun, man-friendly environment designed with your comfort in mind. Whether seeking a custom, modern cut or the nostalgia of a traditional hot towel shave, come sit in our plush, oversized barber chairs and let us take care of you. And don’t forget to ask for a scalp massage while watching a game on the large flat-screen tv and drinking an ice-cold beer.

  • Accommodation and Food Services
  • -
  • $57.78 CAD
  • Triple Net
  • Feb 2035

Huey Magoo’s was founded in 2004 by Matt Armstrong and Thad Hudgens, two southern boys with a passion for quality chicken and a penchant for serving others. Now, former executives from one of the fastest-growing franchise chains, Wingstop, have partnered with the founders from Huey Magoo’s. Both partners have taken their similar passion and bullseye focus for the perfect chicken tender by crafting it into everything that Huey Magoo’s offers today. Alongside the original two co-founders, the Huey Magoo’s team is led by President and CEO Andy Howard, Chairman of the Board Wes Jablonski, COO Mike Sutter, VP of Operations Matt Poleos, and Board of Directors Member Bill Knight. At Huey Magoo’s they serve only REAL tenders made from the tenderloin. It’s the filet mignon and the best 3% of the chicken. Their tenders are all-natural, with no antibiotics ever, no hormones, no steroids, and no preservatives.

  • -
  • -
  • $59.15 CAD
  • Triple Net
  • -

Their team is dedicated to providing a memorable experience for every guest through exceptional service and technical excellence. Their specialists go the extra mile to ensure silky smooth results, with the utmost professionalism and courtesy.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Papa Johns International, Inc. is a leading global pizza brand known for its commitment to “Better Ingredients. Better Pizza.®” Founded in 1984, the company has grown to thousands of locations in over 45 countries. Papa Johns stands out for its fresh, never-frozen dough, signature sauces, and quality toppings. Headquartered in Atlanta, Georgia, the brand continues to innovate in digital ordering, customer experience, and community engagement, while staying true to its promise of delivering better pizza every time.

  • Accommodation and Food Services
  • -
  • -
  • -
  • Feb 2035

Leeann immigrated to Minneapolis in 1956 with her family. While raising five children, Leeann ran a small sewing business out of her home. She would often prepare traditional Chinese dishes for her customers as a gesture of appreciation. Once they discovered Leeann’s hidden culinary talent and gift for entertaining, these customers encouraged her to teach them her recipes and cater local events and dinner parties. Guided by her understanding of local tastes, and a desire to share her recipes with others, Leeann opened her first restaurant in Minneapolis in 1980. People instantly embraced Leeann’s innovative concept and her signature Chinese cuisine. Today, Leeann's concept has grown to 50-plus locations and continues to passionately serve the highest quality product that the brand was built upon over 35 years ago. They truly appreciate the long-standing support of the local community over the years and look forward to serving you for many years to come.

  • -
  • -
  • $57.78 CAD
  • Triple Net
  • -

At Sage Dental, their team of general dentists, specialists and dental hygienists provide comprehensive general and specialty care together in each of their locations. This seamless delivery of care is more convenient for their patients as it eliminates outside referrals and reduces visits. Their doctors work together to assure a complete solution to any dental need. It’s their team, focused on addressing your needs: A caring, general dentist focused on preventive care Specialists on staff – problem solvers focused on specific needs Their entire network available to see you quickly in an emergency Everything you and your family need in one place

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
- - $57.78 CAD Triple Net Jan 2035
Accommodation and Food Services - $57.78 CAD Triple Net Feb 2035
- - $59.15 CAD Triple Net -
Accommodation and Food Services - - - -
Accommodation and Food Services - - - Feb 2035
- - $57.78 CAD Triple Net -

NEARBY MAJOR RETAILERS

Burn Boot Camp
First Watch
Mission BBQ
Outback Steakhouse
Bubbakoo's Burritos
Chili's Grill & Bar
Steak ‘n Shake
Starbucks
Publix
Fifth Third Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-44-24-C3-0100A.0010
Land Assessment
$1,503,513 CAD
Improvements Assessment
$4,868,206 CAD
Total Assessment
$7,379,560 CAD
  • Listing ID: 36027504

  • Date on Market: 2025-05-29

  • Last Updated:

  • Address: 1511 NE Pine Island Rd, Cape Coral, FL 33909

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