Aspen Dental & MD Now Cape Coral,Florida

$5,228,000
Under Contract
Property type:Multi-Tenant / Shopping Center

The space

  • Price: $5,228,000
  • Cap Rate: 4.75%
  • Lease Type: NNN
  • Years Remaining on Leases: 8.5
  • GLA: 6,950
  • Lot Size: 1.08 Acres
  • Year Built: 2020

Description

2609 Santa Barbara Blvd
Cape Coral, FL 33914

Investment Highlights

  • 8.5 Years on Original 10-Year Lease Terms
  • Medical Office Asset Class – E-Commerce, Recession and Pandemic Fortified Tenants and Highest Coveted Users in Today’s Marketplace
  • New Construction – Built in 2020
  • Corporate Backed True NNN Leases
  • Grocery Shadow Anchored Center Directly Next to a Brand-New Aldi
  • Adjacent to a Traffic Count of 74,000+ Vehicles Per Day
  • 200,000+ Residents Reside Within a 10-Minute Drive of Property
  • Cape Coral is Ranked #1 City in America in Population and Job Growth (Forbes)

 

Investment Overview

Marcus & Millichap is pleased to present Aspen Dental/MD Now, a truly rare opportunity for an investor to purchase an 100% occupied shopping center with a proven track record of success in the highly affluent market of Cape Coral, FL. This unique investment opportunity is an Aldi shadow anchored center and is ideally positioned in a grade A location adjacent to the corner of main and main Street, seeing over 74,000 cars per day. Additionally, 200,000+ residents reside within a 10-minute drive of property making this a prime location with a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

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