- There are 12+ years remaining on this lease with 6 (5-year) options to extend, demonstrating the tenant’s commitment to the site
- Floor and Decor Outlets of America, Inc. corporate signed lease
- The asset is located off the signalized, hard corner intersection of Pine Ridge Road and Naples Blvd averaging 72,000 VPD
- The dense trade is supported by several retail developments and big box retailers such as Michael’s, Publix, The Home Depot, DICK’S, Target, and more
- Ideally located off the I-75 and Pine Ridge Road exit (89,900 VPD), providing a direct on/off ramp access point for users
Investment Offering
Naples, FL - Floor & Decor
2157 Pine Ridge Road | Naples, FL 34109
$25,122,000
Price5.75%
Cap Rate$1,444,500
NOI1992
Year Built100%
Occupancy106,690
± SF Offering GLA10.88
± AC Land AreaDescription
Location
- More than 125,000 residents and 113,000 employees support the trade area
- $162,213 average household income within a 3-mile radius
- Naples is currently growing at a rate of 1.53% annually and its population has increased by 4.66% since the most recent census
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739