Don Droke | Don Droke | BHHS Florida Realty
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Don Droke

Sales Professional
Cell: (239) 770-3002
Office: (239) 770-3002
NAR Designations: GRI
Designations: Relocation Specialist


Bonita Springs
24880-1 Tamiami Tr. Ste. 1
Bonita Springs, FL 34134

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Featured Property
Properties I've Sold (20) 
Lot size:
1.03 Acres
Year built:
Courtesy: Berkshire Hathaway Florida
Last Updated: 5/26/2020 3:33 AM

A desirable high-visibility premium NNN income-generating investment property, located at 17521 N. Tamiami Trail (US 41) in North Fort Myers, Southwest Florida (just south of Del Prado and just north of the intersection of US 41 and Business 41). The property has an in-place net operating income of approximately $67,530, yielding a 6.75% cap rate. The lease structure is NNN (triple net), meaning the tenant pays all expenses. The property houses a well-established golf cart business, Affordable Golf Carts, that sells, services and repairs new and used golf carts. These top-of-the-line golf carts can be used on golf courses and also on streets in residential communities. The tenant recently renewed the lease with an expiration in 2026, and there are three 5-year options remaining. Affordable Golf Carts is one of the largest businesses of its kind in Southwest Florida, with five locations serving Lee, Collier and Charlotte counties and as well as further afield. The lease guarantor is the owner of all five locations, and the business continues to expand throughout the Southwest Florida market.