3032/3108 Santa Barbara Boulevard | Cape Coral, FL 33914
First Vice President Investments
First Vice President InvestmentsJames.Garner@MarcusMillichap.com
Senior Vice President Investments
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.
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.