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Hobby Lobby 9955 Triangle Blvd

55,000 SF Retail Building Naples, FL 34113 £7,811,100 (£142/SF) 5.83% Net Initial Yield

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

Attachments

CM_HobbyLobbyOM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
55,000 SF
Building Class
B
Year Built
2016
Price
£7,811,100
Price Per SF
£142
Net Initial Yield
5.83%
NOI
£455,647
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Land Acres
7.61 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
PUD
Parking
600 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
284 ft on Triangle
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Nearby Major Retailers

Publix
Outback Steakhouse
Planet Fitness
Wells Fargo
Bank of America
Fifth Third Bank
Carrabba's Italian Grill
The Fresh Market
Chase Bank
Truist

PROPERTY TAXES

Parcel Number 77510402121 Improvements Assessment £4,808,588
Land Assessment £3,116,218 Total Assessment £7,924,807

PROPERTY TAXES

Parcel Number
77510402121
Land Assessment
£3,116,218
Improvements Assessment
£4,808,588
Total Assessment
£7,924,807
(239) 334-3040

  • Listing ID: 29154094

  • Date on Market: 01/08/2023

  • Last Updated:

  • Address: 9955 Triangle Blvd, Naples, FL 34113

The Retail Property at 9955 Triangle Blvd, Naples, FL 34113 is currently available For Sale. Contact Trinity Commercial Group for more information.

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© 2024 CoStar Group

Hobby Lobby | 9955 Triangle Blvd
(239) 334-3040 x

Hobby Lobby | 9955 Triangle Blvd

1/2

Matthew Fredrickson

(239) 334-3040

(239) 334-3040

Doug Olson

(239) 334-3040

(239) 334-3040

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