Overview

Description

SRS Investment Properties Group, as exclusive broker, is pleased to offer Dollar Tree and Shops - a 20,660± SF retail strip center located in Cape Coral, FL. The Property is advantageously-anchored by national junior anchor, Dollar Tree, which has tenure at the Property since 2010. Dollar Tree and Shops bolsters an attractive internet-resistant tenant roster comprised of a medical office, beauty salon, restaurant, and real estate office – all of which have displayed strong resiliency in uncertain economies.

Dollar Tree and Shops is part of a larger retail development, Shops at Surfside, which is anchored by regional consumer draw – Belk – along with national ancillary retailers, including Starbucks, 5/3 Bank, Gamestop, Hair Cuttery, and Anytime Fitness. Filling a retail void on the west side of Cape Coral, Shops at Surfside provides a vital community shopping destination in a rapidly-expanding residential market.


Located in Cape Coral, just eight miles northwest of Downtown and 13 miles west of Fort Myers, Shops at Surfside is situated in Lee County – roughly 40 miles north of Naples and 110 miles south of St. Petersburg. A very popular tourist destination, Cape Coral is known for its powder white, sandy beaches, excellent fishing and a plethora of shopping. Part of the Cape Coral-Fort Myers, FL MSA, the area is home to a growing population of over 700,000 people.

Located on the west coast of central Florida and bordering the Gulf of Mexico, the Cape Coral and greater Lee County economy is largely based around tourism. With miles of clean, hard-packed white sand and crystal blue water, the city has become a popular destination for beach goers, second home owners and retirees alike. In addition to vacationing families, Cape Coral and Fort Myers also draw a significant influx of tourists for Major League Baseball’s Spring Training. The Boston Red Sox host their Spring Training at JetBlue Park in Fort Myers while the Twins host theirs in Hammond Stadium at CenturyLink Sports Complex – also in Fort Myers.

Cape Coral has been one of the fastest-growing cities in the country highlighted by a low cost of living and exorbitant job growth. Situated in the middle of several large residential communities, Dollar Tree and Shops is positioned adjacent to Sandoval – a 524-acre master-planned, gated community with a swimming pool, basketball court, tennis courts, two dog parks and more. Sandoval is part of a strong, growing demographic profile, which includes 111,815 people within a 5-mile radius, a phenomenal projected annual growth rate of 2.48% within three miles and an average household income of $79,853.

Highlights

• Strategic location in Cape Coral, FL - the largest city in the Cape Coral – Fort Myers, FL MSA, which boasts a bourgeoning tourism industry and youthful, rapidly-growing population
• In addition to shadow-anchor, Belk, which provides a regional consumer draw, the Offering is anchored by national low-cost provider, Dollar Tree
• Solid, internet-resistant retail line-UP comprised of a restaurant, a medical provider, service providers and a national discount junior anchor
• Adjacent position to Shops at Surfside – a community center anchored by Belk with a regional consumer draw and trade area capture up to 25+ miles away
• Extremely high-growth market with 111,815 people within a 5-mile radius, a projected annual growth rate of 2.48% and average household income of $79,853
• Advantageously-situated at the main entrance to Sandoval – the top performing master-planned community in all of Lee County, covering 524 acres with 1,562 private residences

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