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INVESTMENT SUMMARY
SRS National Net Lease Group, in conjunction with RealINSIGHT Marketplace, is pleased to present Lakewood Plaza, a 24,660 SF value-add retail center located in Naples, FL.  Comprised of two buildings, Lakewood Plaza features an e-commerce resistant tenant mix in food and service.  All existing leases are NNN and full pass-through, limiting expense leakage for a new investor.  The roof was recently replaced in 2018, minimizing future capital expenditures.

At 52% occupancy, Lakewood Plaza provides tremendous potential upside for a future investor through lease-up of the vacant spaces or redevelopment of the site.  The property features a low price per square foot below its replacement cost.  Lakewood Plaza sees 40,000 vehicles per day and is situated at the signalized, hard corner intersection of Lakewood Boulevard and U.S. Highway 41, the main retail corridor and major thoroughfare for Naples.  The property is adjacent to a high-performing Taco Bell and is located across the street from Walgreens.  Lakewood Plaza also benefits from its nearby national/credit cotenants including Walmart (24-hours), Publix, Lucky’s Market, Bealls, and Dollar Tree.  The property is well-positioned with its location one mile west of the private, gated community, Riviera Colony (1,000 units) and just a short drive southeast of the upscale restaurants and shops found on Third Street and Fifth Avenue in Naples.

INVESTMENT HIGHLIGHTS
Low Price Per SF | Below Replacement Cost | Value Add Opportunity
  • Low price per square foot below its replacement cost
  • At 52% occupancy, Lakewood Plaza has tremendous potential upside through lease-up of the existing vacant spaces or redevelopment of the site

Annual Increase | E-Commerce Resistant
  • E-commerce resistant lineup comprimised of food and service-oriented tenants
  • 47% of the center features 3% annual rental increases
 
NNN Leases | Fee Simple Ownership | Limited Landlord Responsibilites
  • Tenants reimburse for CAM, taxes, insurance


Lamar Paul Fisher
License No. AU93, Co. AB106
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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Lakewood Plaza

4201-4221 Tamiami Trail E, Naples, FL 34112

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Current Bid: NO BID
Starting Bid: $1,250,000
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Asset Snapshot

  • Asset Type
  • Real Estate
  • Retail Type
  • Unanchored Strip Center
  • Property Size
  • 24,660 Sq Ft
  • Anchor
  • No
  • Land Area
  • 2.39 Acres
  • Year Built
  • 1981
  • Number of Floors
  • 1
  • Number of Buildings
  • 2
  • Parking Count
  • 87
  • Occupancy
  • 52.00%
  • Occupancy as of
  • Apr 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.