Single-Tenant Retail

Master Crab

2414 Del Prado Blvd, Cape Coral, FL

Listing Price: $2,100,000

Click To Access Offering Memorandum
  • Cap Rate6.81%
  • Building SF5,158 SF
  • Price/SF$407.13
  • Year Built / Renovated2003 / 2018

Investment Highlights

  • Single-Tenant Restaurant Ground Lease
  • Strong Restaurant Sales | Rent-To-Sales Ratio: 4.85%
    Reported $2.95 Million in 2024
  • (2) 5-Year Options
    3% Annual Rent Increases Throughout Both Options
  • Personal Guarantee
    Mr. & Mrs. Crab Franchise: 23 Locations
  • High Visibility at Busy Intersection of Del Prado Blvd & Veterans Memorial Pkwy (123,100 VPD Combined)
    Easy Access from Both Roads
  • 2 Miles West of Midpoint Bridge (60,500 VPD)
    Highest Daily Traffic Compared to 3 Nearest Bridges Connecting to Fort Myers
  • Adjacent to Coralwood Shopping Center
    Anchored by Hobby Lobby, HomeGoods, & ALDI
  • Major Retail Market: 14.9 Million SF of Retail within a 5-Mile Radius (97.9% Occupancy Rate)
    Cape Coral has the Lowest Retail Vacancy Rate Among Florida’s Most Populated Cities
  • Cape Coral is the Second Largest City in Florida
    Growing Younger Population | Primarily Residential Community
  • City Population is Projected to Grow by 42.18% over the Next 10 Years
  • Lee County is the Fastest-Growing County in Florida
  • Demographics: 189,171 Residents & $83,298 Average Household Income within a 5-Mile Radius
    Strong Daytime Population: 191,839
  • 13 Miles from Fort Myers Beach | Major Tourist Area
  • 20 Miles from Southwest Florida International Airport
Lead Agent

Darin Gross

First Vice President Investments

Lic: MI 6501384871

Seth Haron

First Vice President Investments

Lic: MI 6501373006

Ashish Vakhariya

Senior Vice President Investments

Lic: MI 6501322501

FLORIDA BROKER OF RECORD: RYAN NEE | 5900 N ANDREWS AVE, SUITE 100, FORT LAUDERDALE, FL | 954.245.3400 | LIC: FL BK3154667