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Daybreak Market & Shell 8130 Gladiolus Dr 3,710 SF Retail Building Fort Myers, FL 33908 $3,524,698 CAD ($950.05 CAD/SF) 5.74% Cap Rate



INVESTMENT HIGHLIGHTS
- Long Lease Term
- Zero Landlord Responsibilities
- Strategic Retail Location
- Attractive Rent Increases
- Strong Guarantor
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Shell Gas Station & Daybreak Market (Convenience Store) located at 8130 Gladiolus Drive in Fort Myers, Florida (“the Property”). The Property consists of a 2,390 square foot freestanding building, a 1,320 square foot freestanding car wash, and 16 fueling stations on a 1.85-acre corner lot. Daybreak Market & Shell Gas Station has 16+ years remaining on its Absolute NNN Lease with two (2), 5-year renewal options. The lease calls for attractive 7.5% increases in rent every five years throughout the primary lease term and at the start of each renewal option. Shell Gas Station & Daybreak Market is prominently located at the signalized intersection of Gladiolus Drive (SR 865) and Summerlin Road, two of the area’s primary commercial and commuter corridors with high daily traffic counts. The Property benefits from strong visibility and accessibility in the Cypress Lake neighborhood. The Property is positioned between Downtown Fort Myers and the area’s waterfront communities and enjoys convenient access from both. The Property is surrounded by dense residential neighborhoods with numerous apartment complexes and single-family homes offering a steady and reliable customer base throughout the day. The Property is also convenient to national retailers and restaurants, area schools, and countless hotels that provide consistent vehicular and pedestrian traffic.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,710 SF
Building Class
C
Year Built
1993
Price
$3,524,698 CAD
Price Per SF
$950.05 CAD
Cap Rate
5.74%
NOI
$202,408 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.85 AC
Zoning
CC
Parking
14 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
41’ on Gladiolus Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 34-45-24-16-00000.0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,896,575 CAD |
PROPERTY TAXES
Parcel Number
34-45-24-16-00000.0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,896,575 CAD
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Daybreak Market & Shell | 8130 Gladiolus Dr
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