$1,700,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
0.575
Open Houses
-
year built
1981
Full Baths
0
Half Baths
0
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.
| Location | |
| Subdivision | - |
| County | Lee |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
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MLS number: 224073635
Listing agent:
Ethan Schumacher
#258020030
Listing broker:
Vip Realty Group, Inc.
(239) 470-5582
Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Tuesday, April 15 2025 at 3:16 p.m. EDT
Kotohomes National