The Verandah 

3032/3108 Santa Barbara Boulevard | Cape Coral, FL 33914

Contact Brokers

Jim Shiebler
First Vice President Investments

Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780

James Garner
First Vice President Investments​James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL327365

James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com(C) 850-228-9400
(O) 813-387-4788
FL #SL3216834

Highlights

  • 7.91% Cap Rate on Current in Place Income ​

  • True Value-Add Shopping Center with 10% Vacancy

  • More Than 430 Feet of Linear Frontage on Santa Barbara Boulevard

  • 10,392 Population Within 1 Mile

  • Cape Coral / Ft. Myers Is One of the Fastest Growing Metro Markets in the U.S.

Description

Marcus & Millichap is pleased to present The Verandah, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Cape Coral, FL. This unique investment opportunity is ideally positioned in the exact crosshairs of the largest populated township in the State of Florida. Additionally, this dense infill, high barrier to entry location on Santa Barbara Boulevard, which sees 31,800 Cars Per Day. The location has a long operating history with a growing built in customer base with a diverse mix of service and destination-based tenants on staggered leases. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.