North Fort Myers, FL 33903,17521 N Tamiami TRL
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North Fort Myers, FL 33903,17521 N Tamiami TRL
North Fort Myers, FL 33903,17521 N Tamiami TRL
North Fort Myers, FL 33903,17521 N Tamiami TRL
North Fort Myers, FL 33903,17521 N Tamiami TRL

$920,000

Est. payment /mo

$997,000

7.7%
Est.Price: ?

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17521 N Tamiami TRL North Fort Myers, FL 33903

8,000 SqFt

SOLD DATE : 12/23/2020

Key Details

Sold Price $920,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $115

MLS Listing ID 220016985

Sold Date 12/23/20

Construction Status Resale

HOA Y/N No

Year Built 1962

Annual Tax Amount $4,234

Tax Year 2019

Lot Size 1.033 Acres

Acres 1.0331

Property Description

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.

Location

State FL

County Lee

Area Fn07 - North Fort Myers Area

Rooms

Bedroom Description NaN

Interior

Fireplace No

Exterior

Fence Yard Fenced

Utilities Available Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available

Waterfront Description None

Present Use Commercial

Garage No

Building

Story 1

Construction Status Resale

Others

Senior Community No

Tax ID 22-43-24-01-00001.026A

Financing Cash

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Listed by Berkshire Hathaway Florida • Don Droke

Angela Schermerhorn

Advisor | License ID: #SL3423686

+1(251) 401-7736

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