Indian Creek Plaza

17260 San Carlos Boulevard | Fort Myers Beach, Florida 33931

Contact Brokers

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James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834

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Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

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James Garner, CCIM
First Vice President Investments​James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Highlights

  • Indian Creek Plaza is ideally located less than 5 minutes from the world-famous Ft Myers Beach, which sees over 1.9 million visitors per year.

  • Indian Creek Plaza is sure to generate an attractive income stream for investors, offering one of the highest cap rates on the market in Florida and excellent financing terms available.

  • Indian Creek Plaza has the lowest rental rates in the submarket with very limited supply. This will result in immediate upside for the new owner.

  • The immediate submarket has held strong with an average household income of more than $96,594 per year and over 37,123 full-time residents within a 3-mile radius. Part-time residents, including snowbirds, make for an even stronger density. Heavy tourism and projected growth in the Ft Myers MSA will ensure strong rent growth and demand for retail properties.

  • Within 2 miles of the subject property are a Walmart Supercenter, two high producing Publix supermarkets, Sanibel Outlets, Kelly Greens Country Club, and numerous other national retailers. With strength in the number of national tenants, retailers see this submarket as an area with substantial opportunity for growth and expansion.

Description

Marcus & Millichap is pleased to present Indian Creek Plaza, a truly rare investment opportunity for an investor to purchase an 97% occupied shopping center with a proven track record of success in the highly affluent submarket of Fort Myers Beach, FL. This unique investment opportunity is ideally positioned less than 5 minutes from the beach and within 2 miles of a Walmart Supercenter, two high producing Publix supermarkets, Sanibel Outlets, Kelly Greens Country Club, and numerous other national retailers. Additionally, this dense infill, high barrier to entry location has the lowest rental rates in the submarket with very limited supply. This will result in immediate upside for the new owner. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.