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110 NE 2nd Pl, Cape Coral, FL, 33909

Twins Central Plaza
$15,000,000

Key Information

Cap Rate
5.94%
$ per SF
$316
Tot. SF
47,377
Units
19
Term Remaining
±3.6 YRS
Type
Shopping Centers
Occupancy
100%
NOI
$890,317

Highlights

  • All Masonry Construction: Concrete block construction allows for efficient demising, reconfiguration, and future tenant build-outs, ensuring long-term structural integrity.
  • Recently Replaced Roof: Roof replaced approximately 2 years ago, minimizing near-term capital expenditures and providing long-term durability.
  • Tenant-Responsible HVAC: HVAC maintenance and replacement are the responsibility of tenants, reducing landlord expense exposure and enhancing NOI predictability.
  • Grocery-Anchored by Key Food: Necessity-based anchor ranked in the 100th percentile nationally, driving exceptional daily traffic and reinforcing tenant ecosystem strength.
  • Efficient Retail Configuration: Well-suited for small- and mid-bay tenants, supporting strong leasing velocity and long-term tenant retention.
  • Well-Maintained Asset: Pride of ownership is evident throughout, positioning the property as a true core neighborhood retail investment.
  • 100% Leased and Stabilized: 47,377 SF fully leased with immediate in-place cash flow and no lease-up risk.
  • Diversified Tenant Roster: Reduces reliance on any single in-line tenant, enhancing income stability.
  • Attractive Expense Structure: CAM structure designed to recover operating expenses with limited landlord maintenance obligations.
  • Prime Cape Coral Location: Located just off Pine Island Road, one of Cape Coral’s primary commercial corridors, with excellent accessibility and strong area-wide traffic generation.

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Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave., Ste. 1500, Nashville, TN 37203