17521 N Tamiami TRL, North Fort Myers, FL 33903 | MLS 220016985 | Listing Information | Don Droke | BHHS Florida Realty
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Don Droke

Sales Professional
Cell: (239) 770-3002
Office: (239) 770-3002
DonDroke@Outlook.com
NAR Designations: GRI
Designations: Relocation Specialist
 
FOR SALE
$997,000

17521 N Tamiami TRL
North Fort Myers, FL 33903

Other
Residence
1.0331
Acre Lot
1of
Photos
Map
Courtesy: Berkshire Hathaway FL Realty
BHHS Florida Realty> Florida> North Fort Myers> 33903
Desirable high-visibility premium NNN income-generating investment property, being sold 'As Is'. Located at 17521 N. Tamiami Trail (US 41) in North Fort Myers, SW 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 $71,717, yielding a 7.18% cap rate. Lease structure is NNN (triple net): 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, with no fall-off of business during COVID-19 and never missed a rent payment. 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 with 3% annual rent increase. 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.
220016985
Other, 1 Story
Lee
1962
1.0331 Acres
1
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Data Provided by Onboard
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Berkshire Hathaway FL Realty
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