|
|
 |
|
|
Introduction
Shops at Verandah is a Publix-anchored neighborhood shopping center located at a signalized intersection on Palm Beach Boulevard (US 80) and SR 31 in Northeast Fort Myers, Lee County, Florida. This offering also includes one (1) of three (3) out-parcels, improved with a Wachovia Bank. A Regions/AmSouth Bank and Exxon Mobile Store & Car Wash are not part of this sale, but do contribute to CAM & Insurance.
The Fort Myers-Cape Coral MSA continues to grow in industry & population, and is ranked in the 2008 Forbes Special Report as one of the Best Places for Business and Careers. According to the U.S. Census, Lee County is among the Nation’s 100 fastest growing.
|
|
Property Profile
|
Location |
11821 Palm Beach Boulevard (US 80)
Fort Myers, Florida 33905 |
| Type |
Neighborhood Shopping Center |
| Land Size: |
9.0± Acres |
| Building Size (GLA): |
72,795± Square Feet of GLA |
| Occupancy: |
90.66% |
| Year Built: |
2005 |
|
|
Financial Data
| Estimated 2009 NOI: |
$1,152,000 |
|
Publix Sales History: |
|
Year |
Sales Volume |
Sales PSF |
|
2006 |
$20,269,553 |
$520 |
|
2007 |
$23,960,171 |
$614 | | |
|
Investment Highlights
- 2007 Publix sales increased by 18% over previous year.
- Average household income is $62,008 within a 3 mile radius.
- Lee County home sales in October 2008 are up 80% over last year.
- Upside potential through in-line vacancies. Positive absorption in 2008!
|
|
|
|
Back to list