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Page Plaza-Multi Tenant Retail Center 3 Retail Properties Offered at $32,106,161 CAD in Fort Myers, FL

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INVESTMENT HIGHLIGHTS

  • Essential Retail Tenant Mix-Fills The Needs of the Local Market
  • High Growth Area-2,500+ New Multi-Family Units Within a 5 MI Radius
  • Excellent Visibility & Access-600 Linear Ft of Frontage on US Hwy 41 (S Cleveland Ave) W/ 53,000+ VPD | Primary Retail Corridor
  • Limited Tenant Renewal Options-Provide Landlord With Future Flexibility/ Upside | Recently Renovated & Updated-$5M+ Invested in the Last 2 Years
  • Outparcels W/ National Tenants-Advance Auto/Mattress Kingdom & Goodwill Occupy Separate Pads-Ability to Monetize
  • WALT of 6.5 Years Remaining-Average Tenure of Over Nine Years

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present the opportunity to acquire Page Plaza, a strategically located multi-tenant retail center with two outparcels in the heart of Fort Myers, Florida. The subject property sits along U.S. Highway 41 (S Cleveland Ave), the primary commercial artery of the city, benefiting from excellent frontage and daily traffic counts exceeding 53,000 vehicles per day.
Anchored by national and regional tenants including Dollar Tree, Goodwill, & Advance Auto Parts, the property features a stabilized rent roll with NNN leases in place for all tenants except Florida Lottery, which operates under a full-service gross lease structure. Goodwill occupies a standalone outparcel, while Advance Auto Parts and Mattress Kingdom comprise another two-tenant outparcel, both detached from the primary retail center.
The retail center sits on a large, 13-acre parcel, offering a total 95,536 SF of GLA, and is situated at a hard corner signalized intersection with excellent ingress/egress. It is surrounded by dense retail and residential development, including nearby national anchors such as Sam’s Club, Best Buy, Dick’s Sporting Goods, Trader Joe’s, Marshalls & Ross. The property’s strong visibility, ample parking, and proximity to Interstate 75 further enhance its positioning. Primary access to Page Plaza is shared with Sam’s Club, which drives tremendous traffic through the center.
Fort Myers has experienced robust growth in both population and development activity, now home to over 96,000 residents and part of the larger Cape Coral-Fort Myers MSA with a population exceeding 820,000. The city’s business-friendly environment, expanding infrastructure, and significant inbound migration trends continue to attract national retailers and developers.
This offering provides investors the opportunity to acquire a 98% occupied, income-producing asset with reliable cash flow, strong tenant performance, and national credit tenancy. Located in a high-traffic corridor within a fast-growing market, the property benefits from a wide range of tenants and strategic positioning within one of Fort Myers' most active commercial corridors.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $32,106,161 CAD
Price / SF $333.87 CAD / SF
Cap Rate 7.67%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 96,164 SF
Total Land Area 11.13 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Page Plaza
5100 S Cleveland Ave, Fort Myers, FL 33907
Retail 71,617 SF 1990 -
5050 S Cleveland Ave, Fort Myers, FL 33907 Retail 15,739 SF 1990 -
5120 S Cleveland Ave, Fort Myers, FL 33907 Retail 8,808 SF 1990 -
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  • Listing ID: 38087252

  • Date on Market: 2025-10-15

  • Last Updated:

  • Address: Page Plaza-Multi Tenant Retail Center, Fort Myers, FL

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