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					Hobby Lobby 9955 Triangle Blvd 55,000 SF Retail Building Naples, FL 34113 $9,900,000 ($180/SF) 5.83% Cap Rate



 
                                
            INVESTMENT HIGHLIGHTS
- Irreplaceable real estate in Naples, FL
- Below market rent at $10.50 psf with increases every 5 years
- Located in one of the top trade areas in Southwest, FL
- 15-year base term with over 8 years remaining
- Phenomenally successful brand in Hobby Lobby
- Strong demographics and incomes
EXECUTIVE SUMMARY
            
Freestanding Hobby Lobby building for sale. This building is currently occupied until November 2031 by tenant Hobby Lobby. Great investment opportunity, call for more details            
        
    PROPERTY FACTS
											Sale Type
										
										
												Investment
											
										
											Property Type
										
										
												Retail
											
										
											Property Subtype
										
										
												Freestanding
											
										
											Building Size
										
										
												55,000 SF
											
										
											Building Class
										
										
												B
											
										
											Year Built
										
										
												2016
											
										
											Price
										
										
												$9,900,000
											
										
											Price Per SF
										
										
												$180
											
										
											Cap Rate
										
										
												5.83%
											
										
											NOI
										
										
												$577,500
											
										
											Tenancy
										
										
												Single
											
										
											Building Height
										
										
												1 Story
											
										
											Building FAR
										
										
												0.17
											
										
											Lot Size
										
										
												7.61 AC
											
										
											Opportunity Zone
										
										
												Yes
													
														
														
													
											
										
							Zoning
						
								
												PUD - Planned Unit Development
											
								
							Parking
						
								
												600 Spaces (10 Spaces per 1,000 SF Leased)
											
								
							Frontage
						
								
					NEARBY MAJOR RETAILERS
 
							 
							 
							 
							 
							 
							 
							 
							 
							 
							PROPERTY TAXES
| Parcel Number | 77510402121 | Improvements Assessment | $4,936,492 | 
| Land Assessment | $3,076,733 | Total Assessment | $8,013,225 | 
PROPERTY TAXES
						Parcel Number
					
                    
77510402121					
                    
						Land Assessment
					
                    
$3,076,733					
                    
						Improvements Assessment
					
                    
$4,936,492					
                    
						Total Assessment
					
                    
$8,013,225					
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Hobby Lobby | 9955 Triangle Blvd
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