• Broker Dennis Wagaman 2399407749
Alex King Group

Old Seaport Place Portefeuille à vendre 4 biens 22 257 862 € Localisations multiples

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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT

  • 1. Fully Stabilized Triple-Net Income Anchored by three iconic restaurants on long-term NNN leases, Old Seaport Place offers immediate, hands-off cash

RÉSUMÉ ANALYTIQUE

Trophy Bayfront Asset | Fully Stabilized | Prime Location
Old Seaport Place is not just a trophy property — it’s a fully stabilized, triple-net-leased, institutional-grade asset at the epicenter of Fort Myers Beach’s $1B+ coastal renaissance. This 1.80-acre Bayfront investment anchors the Old San Carlos entertainment district and offers a rare combination of reliable income, irreplaceable location, and powerful long-term upside.
The property is tenanted by three of the island’s most iconic restaurants — Nervous Nellie’s, Snug Harbor, and Wahoo Willie’s — each run by seasoned, financially stable operators with deep local roots. These aren’t speculative tenants. They’re battle-tested businesses that bounced back rapidly post-Hurricane Ian, each reopening stronger and more resilient. Their long-term NNN leases provide predictable, escalating cash flow and include percentage rent upside, all without burdening the owner with property-level expenses.
Old Seaport Place is more than a culinary destination. It’s a rare operational platform combining over 25,000 square feet of revenue-generating improvements with 21 deep-water marina slips and a 122-space private parking lot. These physical advantages are highly monetizable and serve as critical infrastructure for continued growth. The parking lot alone represents an immediate value-add opportunity — with strong demand and ideal zoning for vertical development, a multi-level garage with rooftop dining or event space could generate significant new revenue while enhancing the overall guest experience.
The surrounding market is surging. Tourism has not only returned — it’s surpassed pre-Ian benchmarks. In 2024, Fort Myers Beach saw over 3.3 million visitors, a record-breaking $3.3B in economic impact, and double-digit growth in occupancy, ADR, and RevPAR. The newly completed Margaritaville Resort (254 rooms) has elevated the area’s hospitality profile, while the Arches Bayfront project — a $200M marina village directly adjacent to Old Seaport Place — promises to further consolidate this corridor as the island’s entertainment core.
Multiple new hotel and condo projects are now approved and under construction, including the Pink Shell and Neptune Resort expansions, Red Coconut’s six-building Gulf-front redevelopment, and a 17-story Outrigger replacement by London Bay. This is not a recovery — it’s a reinvention. Old Seaport Place is positioned squarely in the path of this momentum, absorbing the benefits of every surrounding capital infusion.
Infrastructure improvements are also underway. RSW airport just posted a record 11M+ passengers and is expanding with 14 new gates. Major traffic, pedestrian, and beautification projects are transforming Matanzas Pass Bridge, Times Square, and the rebuilt Bayside Veterans Park — which sits directly within the footprint of Old Seaport Place.
From a capital markets perspective, the asset stands alone. While Florida waterfront restaurants like Tin City, Marina Jack, and Key West’s Bight Marina district have traded at cap rates between 4.5% and 6.5%, Old Seaport Place offers stronger yield today — a 6.57% in-place cap rate on 2024 NOI — alongside a broader mix of revenue streams: dining, marina, parking, and future retail or event income. It’s a diversified, hurricane-tested asset producing reliable income across multiple verticals.
The exit strategy is equally compelling. With modest enhancements — such as a garage, rooftop activation, or curated retail — the property’s NOI grows meaningfully. If executed over a 5–7 year hold, the modeled exit cap rate of 5.5% or lower produces IRRs north of 20%, with potential to double investor equity. And when that exit moment arrives, the buyer pool will be deep and competitive: institutional groups, REITs, and high-net-worth investors seeking irreplaceable coastal positions in a market that’s fully stabilized but supply-constrained.
Risk is minimal. The leases are NNN. The tenants are seasoned and emotionally invested. The structures are rebuilt, code-compliant, and future-proofed. And the Florida tax environment only enhances yield. In short, Old Seaport Place is a fortress of cash flow — with diversified income, tested durability, and high-ROI expansion potential — all within a region that’s on an undeniable upward trajectory.
This is a moment of rare alignment: proven stability, surging market conditions, and a path to unlock tremendous value — all in one offering. Old Seaport Place isn’t just a safe investment. It’s a power move.

PIÈCES JOINTES

Parcels included in sale (1)
OLD SEAPORT EXECUTIVE SUMMARY - PRESENTATION -REVISED (3) - Copy

INFORMATIONS SUR L’IMMEUBLE

Prix 22 257 862 €
Prix/m² 11 311 € / m²
Condition de vente Ventes de portefeuille
Taux de capitalisation 6,57 %
Type de vente Investissement triple net
Statut Actif
Nb de biens 4
Individuellement en vente 0
Surface totale de l’immeuble 1 968 m²
Surface totale du terrain 2,43 ha

Biens

NOM DU BIEN/ADRESSE TYPE DE BIEN SURFACE ANNÉE DE CONSTRUCTION PRIX INDIVIDUEL
645 Old San Carlos Blvd, Fort Myers, FL 33931 Local commercial 836 m² 1980 -
Snug Harbor
645 Old San Carlos Blvd, Fort Myers Beach, FL 33931
Local commercial 397 m² 2002 -
Snug Harbor
441-445 Old San Carlos Blvd, Fort Myers, FL 33931
Terrain 0,23 ha - -
Nervous Nellies
1131 1st St, Fort Myers, FL 33931
Local commercial 735 m² 2003 -
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LIENS

  • Old Seaport Place flip-book presentation

CARTE

PHOTOS SUPPLÉMENTAIRES

View Photo Nervous Nellies outdoor dining and docks
View Photo Nervous Nellies outdoor dining and docks
View Photo Nervous Nellies outdoor dining and docks
View Photo Nervous Nellies bar
View Photo Nervous Nellies bar
View Photo Outdoor dining at Nervous Nellies
View Photo Outdoor dining at Nervous Nellies
View Photo View of docks at Nervous Nellies
View Photo Bayside Park outdoor concert venue between Nervous Nellies and Snug Harbor!
View Photo View of Nervous Nellies, Snug Harbor and docks
View Photo 645 Old San Carlos Blvd
View Photo Snug Harbor and docks
View Photo Tiki entrance to Snug Harbor
View Photo Snug Harbor outdoor dining over the water
View Photo Snug Harbor inside bar area
View Photo Snug Harbor inside bar area
View Photo View of Snug Harbor outdoor covered dining area
View Photo Snug Harbor outdoor open dining area over water
View Photo Snug Harbor waterfront terrace
View Photo Snug Harbor dock
View Photo Overhead view of Snug Harbor
View Photo Entrance to Wahoo Willies
View Photo Live music at Wahoo Willies!
View Photo Retail store at Wahoo Willies
View Photo Wahoo Willies ding area view from sidewalk
View Photo Wahoo Willies dining area
View Photo Wahoo Willies dining area
View Photo Wahoo Willies bar
View Photo New modern kitchens in all restaurants!
View Photo New modern kitchens in all restaurants!
View Photo New modern kitchens in all restaurants!
View Photo New modern kitchens in all restaurants!
View Photo One of the fun and exciting tour boats moored at Old Seaport Place!
View Photo View of dock featuring a water view
View Photo 122 Space parking lot
View Photo 122 Space parking lot
View Photo Snug Harbor docks
View Photo Nervous Nellies docks!
View Photo Front of parking lot and access to restaurants
View Photo Rear of parking lot.
View Photo Location of 3-950+ sq. ft. ground floor units
View Photo Location of Nervous Nellies
View Photo Docks at Snug Harbor
View Photo Docks at Snug Harbor
View Photo Nighttime view of Nervous Nellies
  • ID de l’annonce: 35262402

  • Date de mise sur le marché: 26/03/2025

  • Dernière mise à jour: 28/03/2025

  • Adresse: Old Seaport Place, Fort Myers, FL

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