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

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17521 N Tamiami TRL,  North Fort Myers, FL 33903

Status: Active
MLS#: 220016985
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Last Updated: 5/30/2020 12:31 AM
Description for 17521 N Tamiami TRL North Fort Myers, FL 33903
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.
Price
$998,500
Lee
220016985
Active
Description
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.
Listing Information
Property Type: Other, 1 Story
1.03 Acres Property Appraiser Office $0
1962 1 Investment
3-Phase Electric,Electric,Phone Line,Sewer,Single Phase Electric,Trash Removal,Water
Neighborhood
Room Information
Interior Features
Electric
Electric Heating
Exterior / Lot Features
0 Covered Parking Spaces,
Front - 150
CG
Financial Considerations
$4,234
Market Trends and Price History
Listing Price History

North Fort Myers Real Estate

North Fort Myers is located in Florida. North Fort Myers, Florida 33903 has a population of 42,725.

The median household income in North Fort Myers, Florida 33903 is $36,389. The median household income for the surrounding county is $47,730 compared to the national median of $50,013. The median age of people living in North Fort Myers 33903 is 47 years.

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Courtesy: Berkshire Hathaway Florida
This content last refreshed on 5/30/2020 12:31 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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