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3141 NE Pine Island Rd
Cape Coral, FL 33909

$3,545,000 USD

General Retail For Sale  •  2,500 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,500 SF
  • Lot Size 0.83 AC
  • Year Built 2023
  • Tenancy Single
  • Zoning CPD
0 Transit Score
40 Walk Score

Highlights

Starbucks is located off the signalized, hard corner intersection of US Highway 41 and NE Pine Island Rd averaging 89,000 VPD
The site benefits from close proximity to a new Residential Development at Merchant’s Crossing (279 Units), further increasing consumer traffic
The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation

Property Flyers

Amenities

  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Southwest Florida International 30 min - 17.7 mi
Punta Gorda 29 min - 20.0 mi
Patrick Nutt 954-302-7365 SRS Real Estate Partners
Patrick Nutt 954-302-7365 SRS Real Estate Partners