• Broker Matthew Fredrickson 2393343040
  • Broker Doug Olson 2393343040

Shops at Surfside 2354 Surfside Blvd 117,566 SF 100% Leased Retail Building Cape Coral, FL 33991 $12,750,000 ($108.45/SF) 8.14% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Strong location in high growth, Cape Coral market, ranked third on Forbes 2023 Best Places to live in Florida
  • Protected owner basis with asking price below $140/sf and average rents below $10/sf.
  • 100% Leased with long-term leases running through 2027, 2028, 2029.
  • Strategically positioned on signalized intersection at the corner of Veterans Pkwy and Surfside Blvd.
  • Great mix of national and regional brands/uses.
  • Belk Extension: Belk agreed to extend their base term by 2.5 years showing their commitment to the center

ATTACHMENTS

Surfside Updated 3.26.25 compressed

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
117,566 SF
Building Class
A
Year Built
2007
Price
$12,750,000
Price Per SF
$108.45
Cap Rate
8.14%
NOI
$1,037,510
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
8.26 AC
Zoning
C-1 - Commercial
Parking
547 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
635’ on Surfside Boulevard

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

Anytime Fitness began in Minnesota. Their co-founders, Chuck Runyon and Dave Mortensen, recognized an opportunity to provide consumers with a clean, quality workout experience in a convenient, 24-hour gym setting. Though they had their doubters, the years since have seen Anytime Fitness grow to thousands of gyms in numerous countries serving more than a few million members. In the midst of challenging economic climates, Anytime Fitness has achieved remarkable and steady growth. During that same time, Anytime Fitness expanded in new international markets. While the franchise’s early success was built on a small-footprint gym that could succeed in almost every market, the true revolution Chuck and Dave introduced was addressing the most common excuses people use for not exercising more frequently: cost, convenience, and the intimidating atmosphere of traditional fitness clubs.

  • Retailer
  • -
  • -
  • -

Charlotte-based Belk, Inc., a privately-owned department store, began when William Henry Belk opened his first store in 1888 with his brother, Dr. John Belk, joining as a partner. What started as two brothers in business has now grown into a legacy of selling great products at great prices, treating customers like family, and giving back to the community.

  • Hope Chest
  • Retailer
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -

Island Doctors opened its first office in October 1991 on Anastasia Island in Saint Augustine, Florida. Since then, they have grown to over 50 offices in Alachua, Bay, Charlotte, Collier, Columbia, Clay, Duval, Escambia, Flagler, Lee, Putnam, Santa Rosa, Saint Johns, Sumpter and Volusia counties. They also manage a network of affiliate providers throughout these eleven counties and around the Orlando area. For over 30 years, it has been their mission to promote health improvement to each and every patient that walks through their doors.

  • Real Estate
  • -
  • -
  • -

We are a large complex of mini-salons or salon suites all under one roof. Each salon suite is a separate room with a private lockable entrance fully furnished with everything you need to run your own salon. We lease our suites to those in the field of cosmetology, mainly, hair and nails.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Arts, Entertainment, and Recreation - - -
Retailer - - -
Hope Chest Retailer - - -
Health Care and Social Assistance - - -
Real Estate - - -

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Veterans Memorial Parkway SW 20th Ave, E 24,776 2025 0.62 mi
Southwest 28th Place SW 28th Pl, NW 4,985 2025 0.81 mi
Veterans Memorial Pky S Chiquita Blvd, E 3,276 2018 1.06 mi
Veterans Memorial Parkway Princess Margare, E 17,005 2025 1.10 mi
Southwest 32nd Street SW 23rd Pl, N 1,877 2025 1.15 mi
Southwest 20th Avenue SW 32nd St, S 2,750 2025 1.27 mi
S Chiquita Blvd SW 17th Ter, S 9,551 2018 1.39 mi
Trafalgar Pky SW 16th Ct, W 3,185 2018 1.40 mi
S Chiquita Blvd Trafalgar Pky, N 9,599 2018 1.41 mi
S Chiquita Blvd Trafalgar Pky, S 10,052 2018 1.44 mi

NEARBY MAJOR RETAILERS

Club Pilates
Starbucks
Fifth Third Bank

PROPERTY TAXES

Parcel Numbers 29-44-23-C3-11000.0A30, 29-44-23-C3-11000.0A20 Improvements Assessment $0
Land Assessment $0 Total Assessment $24,659,008

PROPERTY TAXES

Parcel Numbers
Multiple
  • 29-44-23-C3-11000.0A30
  • 29-44-23-C3-11000.0A20
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$24,659,008

MAP

ADDITIONAL PHOTOS

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  • Listing ID: 29487556

  • Date on Market: 9/11/2023

  • Last Updated: 4/22/2025

  • Address: 2354 Surfside Blvd, Cape Coral, FL 33991