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11222 E Tamiami Trl

16,882 SF 90% Leased Retail Building Naples, FL 34113 £5,883,075 (£348/SF) 5.50% Net Initial Yield

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Investment Highlights

Prime mixed-use investment opportunity located in the heart of Naples, Florida.
This location has recently undergone extensive renovations and includes a 4,500 square foot expansion, along with ample parking.
The average household income within a 1-mile radius is $76,661.

Within a 1-mile radius, there's a substantial $82.9 million in consumer spending, with nearly half, or 48%, allocated to retail.
The tenants are responsible for covering their own utility expenses, and there is a designated turning lane into the shopping center.

Executive Summary

Prime mixed-use investment opportunity located in the heart of Naples, Florida. The newly renovated building is situated in the heart of Naples, a city known for its beautiful beaches, golf courses, and upscale dining and shopping. Its position along the eastern side of Tamiami Trail offers high visibility and exposure due to the significant highway running from Miami on the east coast to Naples on the west coast. Within a 5-minute drive, there are notable tenants such as Publix, Winn-Dixie, Home Goods, and Walgreens. Within a fifteen-minute drive, there is a substantial population of over 273,000 people and a total consumer spending of $2.4 billion. The prime location and robust demographics create an ideal environment for tenants to achieve exceptional sales.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

16,882 SF

Building Class

Year Built/Renovated

1992/2023

Price

£5,883,075

Price Per SF

£348

Net Initial Yield

5.50%

NOI

£323,569

Percent Leased

90%

Tenancy

Multiple

Number of Floors

Building FAR

0.28

Land Acres

1.38 AC

Zoning

C-4

Parking

58 Spaces (3.44 Spaces per 1,000 SF Leased)

Frontage

206 ft on Tamiami Trl

Amenities

Bus Route

Dedicated Turn Lane

Freeway Visibility

Space Availability

1st Floor
1,750 SF
Retail
-
Now

1,750 Square Feet of Retail space is available for any tenant looking to be located in the heart of Naples, Florida. This newly renovated building is situated in the city of Naples, which is known for its beautiful beaches, golf courses, upscale dining and shopping. The ample space is perfect for any tenant seeking to be located amongst the highly populated city of nearly 273,000 people. Not only is the space positioned in a place where consumer spending is reported to be $2.4 billion, but the on site amenities make it the perfect opportunity. With robust demographics creating an ideal environment for tenants to achieve exceptional sales, the property also offers ample parking in a state of the art building.