(7.6% CAP RATE!) - CAPE CORAL SUNOCO GAS STATION & (A+ PLUS) C-STORE (20-YEAR PURE NNN LEASE)

Highlights

• 10% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE!
• 10.2% CAP RATE IN 2041!
• 100% BONUS DEPRECIATION AVAILABLE!
• 11.3% CAP RATE IN 2046!
• 7.6% CAP RATE IN PLACE!
• 8.3% CAP RATE IN 2031! 9% CAP RATE IN 2036!
• NEW 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS!
• NEW 4-PUMP SUNOCO GAS STATION WITH SIGNATURE "A+ PLUS" C-STORE IN CAPE CORAL, FL.
• RECENT SITE RENOVATIONS INCLUDE NEW HVAC, NEW SECURITY SYSTEM, NEW ROOF, NEW PUMPS, NEW CANOPY, PYLON SIGNAGE, INTERIOR AND EXTERIOR PAINT, AND A NEWLY RENOVATED "A +PLUS" INSIDE STORE WITH MANY INTERIOR UPDATES!
• STRONG TENANT IN PLACE WITH OVER 36 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
• THE SITE SITS IN THE HEART OF DOWNTOWN CAPE CORAL, JUST MINUTES FROM PUBLIX SUPERMARKET, WALMART SUPERCENTER, AND MUCH MORE!

Location

Located at 4403 Del Prado Boulevard South, Cape Coral, FL 33904, this property is part of the Caloosahatchee neighborhood and Southwest Florida Coast market.