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