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17501 Harbour Point Dr 14,000 SF 100% Leased Retail Building Fort Myers, FL 33908 $8,235,928 CAD ($588.28 CAD/SF) 9.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Restaurant has been in business since December 2017, with the current initial 10-year lease expiring November 30, 2027 with 3, 5-year renewal options
- Home to a well- known local restaurant brand that attracts both tourists and locals.
- Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place
- Bait Shack can generate an additional monthly income of $4,000 or more.
- 2.75 Million tourists coming to the area each year. Generating more than $96.5 billion in spending.
EXECUTIVE SUMMARY
Invest in a property that not only offers a beautiful waterfront setting but also promises strong income potential and a resilient structure. Seize this unique opportunity to own a prime commercial property in a highly sought-after location. Property only—no business operations included. Enjoy hassle-free ownership. Restaurant has been in business since December 1, 2017, with the current initial 10-year lease expiring November 30, 2027, with 3, 5-year renewal options available. Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place with a 6% rate up to 4 million and 6.5% on anything over. The on-site Bait Shack can generate a lucrative monthly income of $4,000 or more. The scheduled opening coincides with the reopening of the Punta Rossa boat ramp Q3 of 2025.
*9.04% CAP based off Pro-Forma
*9.04% CAP based off Pro-Forma
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Year Built/Renovated
1984/2014
Price
$8,235,928 CAD
Price Per SF
$588.28 CAD
Cap Rate
9.04%
NOI
$744,896 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
3.28 AC
Zoning
CT
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bimini Bait Shop
- Accommodation and Food Services
- 5,088 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bimini Bait Shop | Accommodation and Food Services | 5,088 SF | - | - |
PROPERTY TAXES
| Parcel Number | 09-46-23-00-00002.0000 | Improvements Assessment | $1,238,280 CAD |
| Land Assessment | $1,393,191 CAD | Total Assessment | $2,732,886 CAD |
PROPERTY TAXES
Parcel Number
09-46-23-00-00002.0000
Land Assessment
$1,393,191 CAD
Improvements Assessment
$1,238,280 CAD
Total Assessment
$2,732,886 CAD
CONTACTS
-
Shawn Stoneburner -
Gary Tasman -
Cushman & Wakefield|Commercial Property Southwest
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17501 Harbour Point Dr
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