2200 Kings Hwy, Port Charlotte, FL, 33980

Property Overview:

Located in Port Charlotte, approximately 30 miles to the north of Ft Myers, Florida, this property comprises three single-storey buildings totalling 20,510 square feet on 2.8 acres of land. Built in 1988, and with a new roof in 2016, the premises is designed for multi-tenant retail commercial uses. It has superior road frontage to Kings Highway, a major arterial road that connects Charlotte Harbour to Interstate 75 and is situated in front of the Maple Leaf Golf & Country Club – a resident owned over 55s housing estate catering to approximately 1,300 residents.


Financial Information:

Disclaimer: Information provided about forecast annual net cash flow and cash on cash returns are derived from unaudited financial projections. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Responsible Entity. The Responsible Entity cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.


Acquisition date 1 March 2019
Contract purchase price $1,900,000
Original listed price $2,350,000
Discount to listing price $400,000 (19.14%)
Independently appraised price $2,650,000
Estimated insurance replacement cost $TBC
Occupancy at purchase date 64%
Appraisal date and appraiser 3 January 2019, Valbridge Property Advsors
Finance terms Cash purchase
Gross Building Area 20,510 sq ft (1,905 sq mtrs)
Land size 2.80 acres (11,331 sq mtrs)
At purchase estimated net operating income $440,700
At purchase estimated cap rate 7.42%
At purchase estimated cash on cash return 7.42%
Stabilized estimated cap rate 10.40%
Stabilized estimated cash on cash return 10.40%


General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.