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2200 Kings Hwy

Port Charlotte, FL 33980

$2,350,000

General Retail For Sale  •  20,510 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 20,510 Sq Ft
  • Lot Size 2.75 ac
  • Building Class C
  • Year Built 1987
  • Cap Rate 6.82 %
  • Tenancy Multiple
  • Zoning CG
0 Transit Score
29 Walk Score

Description

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.

Highlights

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

Property Flyers

Financial Summary (Actual)

Net Operating Income: $150,720 (2017)
Cap Rate: 6.82 %

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Nick DeVito 941-906-8688 Ian Black Real Estate
Nick DeVito 941-906-8688 Ian Black Real Estate