Fort Myers, FL - EoS Fitness

Description:

• Brand new 20-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, boosting NOI and hedging against inflation

• The subject property is located at the Shoppes at Pelican Preserve and will be joining retailers such as a brand new Aldi’s, Supercuts, and Pizza Hut
• Less than two miles from The Forum, a Target-anchored shopping center with other major tenants such as Petco, Staples, The Home Depot, Ross Dress for Less, and more
• Other nearby tenants include Walmart Supercenter, Lowe’s Home Improvement, Publix, Hobby Lobby, Ulta Beauty, and more
• Fort Myers has broken ground on Alden Yards, a major commercial development featuring a 171,457-square-foot anchor retail building, fueling stations, a fast-food outparcel, and five future development outparcels poised to drive long-term economic growth in Lee County (Article Link)
• Amazon acquired 143 acres in Fort Myers for $66.5 million and plans to develop Lee County’s largest industrial building and first robotics fulfillment center huge boost to the local economy set to being over 1,000 jobs
• Lee Health Hospital, a new 416,350-square-foot facility with 168 beds, is currently under construction less than two miles from the subject property, creating a strong consumer base from patients, families, staff, and visitors

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