Don Droke | BHHS Florida Realty
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Don Droke

Sales Professional
Cell: (239) 770-3002
Office: (239) 770-3002
dondroke@BHHSfloridarealty.net
Designations: Golf Community Specialist

Office:

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

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Don Droke 
Contact Info:
Email: dondroke@BHHSfloridarealty.net
 
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Featured Property
Properties I've Sold (11) 
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
218047304
Type:
General Commercial
Lot size:
1.47 Acres
Year built:
1986
Courtesy: Berkshire Hathaway Florida
Last Updated: 7/22/2018 8:35 PM

Well Established Charter School in North Fort Myers occupies this 5,000 square foot building on busy Hwy 41 in North Fort Myers with a NNN lease. For the savvy investor this 7% cap rate investment is a great addition to your portfolio. The existing 5 year lease has just started its 4th year with the lease rising $1.00 sq ft the 5th year and the Charter School has (2) 5 year options to renew at a 3% escalation per year. The lot size of 1.5 acres allows for the charter school to grow and continue to occupy this great location. All items such as roof (2008) along with AC systems, plumbing and electrical are in great condition and being maintained on a regular basis. The zoning of this property allows for many other uses such as restaurant, retail, etc. & is the perfect long term investment in an ever growing North Fort Myers area. Just a short drive to Downtown Fort Myers and the Marina area, Historic District and River Front shopping and dining. This area of North Fort Myers is expected to grow rapidly over the next 2 years making this a great building & land investment for the future. This charter school is a division of the larger City of Palms Charter High School in Fort Myers.