Stable in-place income with long-term tenancy
- 100% occupied center with four tenants, including national brand Dollar General and medical anchor Lee Memorial Health Systems, both of which have been in place for over a decade
- Tenants have been at the property an average of 11 years, demonstrating strong location loyalty and consistent performance
- Most tenants have 5-year renewal options in place, supporting continued occupancy and minimizing near-term rollover risk
- New roof was installed in 2023
Below-market rents with future upside
- In-place rents average $10.23 PSF, significantly below surrounding market rents, which exceed $20 PSF NNN
- Although renewal options are in place, the center presents longer-term mark-to-market potential as leases naturally expire
- Offers a predictable income stream today with built-in upside over the investment horizon
Attractive lease structure
- 75% of the GLA is leased on NNN terms, reducing landlord responsibilities and driving strong net cash flow
Prime Fort Myers retail corridor
- Excellent visibility and access along N Cleveland Ave (US-41) with ±51,000 vehicles per day
- Surrounded by top national retailers including Publix, Walmart, CVS, McDonald’s, and Planet Fitness, drawing consistent consumer traffic
- Less than 5 miles from Downtown Fort Myers, Lee Memorial Hospital, and key residential neighborhoods
Included land offers future flexibility
- Sale includes the rear parcel behind the shopping center, offering investors optionality for future development, expansion, or strategic repositioning