Don Droke | BHHS Florida Realty
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Don Droke

Sales Professional
Cell: (239) 770-3002
Office: (239) 770-3002 Ext:2397703002
DONDROKE@OUTLOOK.COM
NAR Designations: GRI
Designations: Relocation Specialist

Office:

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

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Don Droke 
Contact Info:
Email: DONDROKE@OUTLOOK.COM
 
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Featured Property
Properties I've Sold (19) 
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
220016985
Type:
General Commercial
Lot size:
1.03 Acres
Year built:
1962
Courtesy: Berkshire Hathaway Florida
Last Updated: 3/30/2020 5:53 PM

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.