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1902-1918 Boy Scout Dr 18,144 sq ft 100% Let Retail Property Fort Myers, FL 33907 £4,483,800 (£247.12/sq ft) 5.20% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Very heavy traffic
EXECUTIVE SUMMARY
Great corner at US 41 and Boyscout Dr Frontage on both Boyscout Dr and US 41
The center is getting new roofs on all buildings, New siding on Aquarium building. New canopy decking and lighting. Completely rehabbed marquis sign, all from Hurricane Ian damage. $500,000 upgrade in process.
The center is getting new roofs on all buildings, New siding on Aquarium building. New canopy decking and lighting. Completely rehabbed marquis sign, all from Hurricane Ian damage. $500,000 upgrade in process.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Shopfront
Property Size
18,144 sq ft
Costar Property Class
C
Year Built
1985
Price
£4,483,800
Price per sq ft
£247.12
Yield
5.20%
NOI
£233,158
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Floor To Floor Height
12 ft
Plot ratio
0.25
Total Plot Size
1.69 ac
Use Class
CI - Commercial Intensive
Parking
104 Spaces (5.96 Spaces per 1,000 sq ft Leased)
Frontage
310 ft on Boy Scout
AMENITIES
- Bus Route
- Dedicated Turn Lane
- Signalised Intersection
ABOUT 1902-1918 BOY SCOUT DR , FORT MYERS, FL 33907
3 buildings with stable tenants 100% leased Short leases for redevelopment opportunity No one wishes to leave.
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Aquarium
- -
- -
- -
- -
- Downtown Vapor Inc
- -
- -
- -
- -
- Man Cave Retreat Barber
- -
- -
- -
- -
- Petra Mediterainian Market
- -
- -
- -
- -
- Wok Cuisine-Chinese Restaurant
- -
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Aquarium | - | - | - | - | ||
| Downtown Vapor Inc | - | - | - | - | ||
| Man Cave Retreat Barber | - | - | - | - | ||
| Petra Mediterainian Market | - | - | - | - | ||
| Wok Cuisine-Chinese Restaurant | - | - | - | - |
Walk Score®
Easily Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-45-24-P2-00200.0020 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,610,896 |
PROPERTY TAXES
Parcel Number
11-45-24-P2-00200.0020
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,610,896
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1902-1918 Boy Scout Dr
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