Retail•Neighborhood Center•For Lease

Estero Ridge

20041 S Tamiami Trail, Estero, Florida 33928

Lease Rate $11.74-$1,513.00 /SqFt NNN
Sale Type Investment
Zoning CC
Bldg Type Multi-Tenant
Class A
Year Built 2008
Year Renovated 2017
Stories 1
Gross Bldg 41,782 SqFt
Contig Space 6,062 SqFt
Land Area 5.5 Acres
Ceiling Height 12.0 Ft
Market Southwest FL
Sub-Market Estero/Ft. Myers
Great opportunity to own a highly visible and nearly full retail property in a rapidly growing area of Estero. Priced below replacement cost, this property has lots of upside potential for the long-term owner as the surrounding area continues to add rooftops. Join SW FL favorites Rusty's Raw Bar & Grill and Zino Italian in this recently updated retail center. Traffic counts are near 55,000 VPD with Sprouts Farms Grocery and Walmart as shadow anchors! Estero is a rapidly growing community that includes Hertz Global HQ, Florida Gulf Coast University with 20,000+ students, Coconut Point Lifestyle Center, and the Lee Health Village at Coconut Point. Join SW FL favorites Rusty's Raw Bar & Grill and Cancun Mexican Cantina in this recently updated retail center. Traffic counts are near 55,000 VPD! Estero is a rapidly growing community that includes Hertz Global HQ, Florida Gulf Coast University with 20,000+ students, Coconut Point Lifestyle Center, and the Lee Health Village at Coconut Point which is currently under construction.
  • Exciting rent growth on renewals
  • Highly visible building and signage at signaled intersection
  • Very leasable unit sizes allows for max rent per square foot.
  • Priced well below replacement cost - appreciation with surrounding new development
  • Easy access to both Naples and Fort Myers
  • Well-maintained and professionally managed
  • Abundant Parking Field
  • Shadow Anchored by Wal-Mart & Sprouts Farms Grocery at a Signalized Intersection
  • Excellent Demographics
  • Surrounded by 800+ Units of New Apartment Development
  • Signage Available & 6/1000 Parking Field
  • Repainted in 2017 - Well-maintained & Professionally Managed
  • Supported to the South by Coconut Point Lifestyle Center & Lee Health Village

4 Spaces

Neighborhood Center
1,638 SqFt
$18.00 NNN
7/1/2019
1,638 SqFt
6,062 SqFt
Join SW FL favorites: Rusty's Raw Bar & Grill and Zino Italian in this recently updated retail center. Traffic counts are near 55,000 VPD with Sprouts Farms Grocery and Walmart as shadow anchors! Estero is a rapidly growing community that includes Hertz Global HQ, Florida Gulf Coast University with 20,000+ students, Coconut Point Lifestyle Center, and the Lee Health Village at Coconut Point.
Strip Center
1,650 SqFt
$11.74 NNN
2
Three (3) year trm and One (1) Three (3) year lease option.
14 SqFt
$1513.00 NNN
6
5,473 SqFt
$14.50 NNN
9/10/2019 8:12:31 PM 9/19/2019 6:05:19 PM
Chad D. Commers, CCIM
Senior Advisor
SVN | KOVA

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