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Introduction
Grand Bay Plaza is a 77,792 square foot Publix-anchored neighborhood shopping center located at a signalized intersection on South Tamiami Trail (US 41) and Sanibel Boulevard, Fort Myers, Lee County, Florida.
There are two (2) improved outparcels adjacent to the property (CVS and Mel’s Diner) under separate ownership and are not part of this sale.
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Property Profile
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Location
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18990 – 19100 South Tamiami Trail (US 41)
Fort Myers, Florida 33908
Lee County |
| Type |
Neighborhood Shopping Center |
| Land Size: |
17.0± Acres |
| Building Size (GLA): |
77,792± Square Feet of GLA |
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Summary of Improvements:
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| Space Type |
GLA (SF) |
| Anchor |
44,840 SF |
| In-Line |
32,952 SF |
| Total SF |
77,792 SF | |
| Year Built: |
2003 |
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Financial Data
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Listing Price |
No Specified Asking Price |
| Current Occupancy: |
94% |
| Estimated NOI (2008): |
$1,001,000 | |
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Investment Highlights
- Limited competition in the area, but population growing rapidly.
- Averange household income within 3 mile radius is over $63,000 annually.
- Fort Myers, Florida, has one of nation's lowest unemployment rates.
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