Investment Property with Long Term Tenant 3045 Fowler St 6,608 SF Retail Building Fort Myers, FL 33901 $2,351,763 CAD ($355.90 CAD/SF) 5.20% Cap Rate

This freestanding automotive sales and service center is available for sale as an investment property with a long-term tenant in place. Being offered at a 5% CAP Rate, the current annual gross income is $101,846.40 with 3% annual escalations. The lease has 8 years remaining, expiring on February 28, 2033, with (1) one (3) three-year Option to Renew. The current tenant has been in this same location since 2012 and recently signed a new lease, which includes a personal guarantee.
The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 27,697 AADT (2024 Annual Average Daily Traffic) per the Lee County TCDS.