Mapleleaf Plaza Retail Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30034803
Property Subtypes: Street Retail, Other
Building Size (RSF): 20,510 SF
Gross Building Area: See Agent
Gross Land Area: 2.75 Acres
Sale Price: $2,350,000
Unit Price: $114.58 PSF
Property Use Type: Investment
Building Name: Mapleleaf Plaza
Sale Terms: Cash to Seller
Cap Rate: 6.82%
Last Updated: 11/14/2018

Overview / Comments

OFFERING SUMMARY
Sale Price: $2,350,000
Cap Rate: 6.82%
Lot Size: 2.75 Acres
Building Size: 20,510
Number Of Buildings 3
Zoning: CG - Commercial
General
Price / SF: $114.58
Ian Black Real Estate has been retained as the exclusive agent for the sale of the Mapleleaf Plaza, as a retail investment opportunity. Located at 2200 Kings Highway in Pt. Charlotte, Mapleleaf Plaza is minutes from the golf communities of Maple Leaf and Kings Court and is very well positioned for visibility and easy access. The area includes a strong mix of national and local retailers, hotels,
grocers and restaurants, interspersed with medical/office users, supplying the needs of the surrounding upscale residential neighborhoods.
PROPERTY OVERVIEW
* Renovations are complete and there is no deferred maintenance
* Management Fee in place at 6.0%
* All leases are true NNN
* New 35 year roof, facade and parking surfaces - minimizes capital expenditure
* Stable tenants - average occupancy is 12.5+ years
* Very desirable location in high worth residential area
* Property visits allowed by pre-arranged appointment with Broker, so as not to disturb tenants
* Financial information available upon receipt of signed Confidentiality Agreement
available at: http://listings.ian-black.com/210289-sale

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402318151003
Zoning: CG
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Rampart Blvd. & Suncoast Blvd. on Kings Highway
Property Visibility: Excellent
Largest Nearby Street: Rampart Blvd.
Highway Access: SR 769, I-75
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Year Renovated: 2017
Parking Type: Surface
Zoning Description: CG - Commercial General

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,723 49,848 88,890
Median Age: 49.02 51.88 49.66
Households: 1,530 22,397 39,082

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