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

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NAR Designations: GRI
Designations: Relocation Specialist
 

17521 N Tamiami Trl,  North Fort Myers, FL 33903

Status: Active
MLS#: 220016985
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Last Updated: 4/3/2020 10:19 PM
Description for 17521 N Tamiami Trl North Fort Myers, FL 33903
17521 N Tamiami Trl (The Property), in North Fort Myers, Florida. The Property has an in-place net operating income of approximately $67,530, yielding a 6.75% cap rate. The lease structure is NNN or Triple Net, which means the tenant pays all the expenses. The property houses a well-established golf-cart business â Affordable Golf Carts, that sells, services, and repairs new and used golf carts. These top-line golf carts can be used on golf courses and on local community streets. The tenant recently renewed their lease with an expiration year of 2026 and has (3) 5-yr options remaining. Affordable Golf Carts is one of the largest businesses in southwest Florida with five locations serving Lee, Collier, Charlotte counties and more. The lease guarantor is the owner of all five locations and their businesses continues to expand and grow throughout the southwest Florida market. The property is situated on more than an acre of land and has 150 feet of direct frontage on Highway 41 and a depth of 300 feet. The property is currently zoned Commercial General (CG), which allows for many future uses. The latest upgrade was a new roof replacement that occurred in 2007.
Price
$1,000,453
Lee
220016985
Active
Description
17521 N Tamiami Trl (The Property), in North Fort Myers, Florida. The Property has an in-place net operating income of approximately $67,530, yielding a 6.75% cap rate. The lease structure is NNN or Triple Net, which means the tenant pays all the expenses. The property houses a well-established golf-cart business â Affordable Golf Carts, that sells, services, and repairs new and used golf carts. These top-line golf carts can be used on golf courses and on local community streets. The tenant recently renewed their lease with an expiration year of 2026 and has (3) 5-yr options remaining. Affordable Golf Carts is one of the largest businesses in southwest Florida with five locations serving Lee, Collier, Charlotte counties and more. The lease guarantor is the owner of all five locations and their businesses continues to expand and grow throughout the southwest Florida market. The property is situated on more than an acre of land and has 150 feet of direct frontage on Highway 41 and a depth of 300 feet. The property is currently zoned Commercial General (CG), which allows for many future uses. The latest upgrade was a new roof replacement that occurred in 2007.
Listing Information
Property Type: General Commercial, Other
1.03 Acres 1962
Electric, Telephone, Sewer, Water
Neighborhood
Room Information
Exterior / Lot Features
60 Parking Spaces,
None
Financial Considerations
22-43-24-01-00001.026A
$4,234
2019
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 4/3/2020 10:19 PM. 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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