{"id":25614,"date":"2025-10-29T20:35:06","date_gmt":"2025-10-29T20:35:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/25614\/"},"modified":"2025-10-29T20:35:06","modified_gmt":"2025-10-29T20:35:06","slug":"cape-coral-shopping-center-back-on-market-3-months-after-being-sold","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/25614\/","title":{"rendered":"Cape Coral shopping center back on market \u2014 3 months after being sold"},"content":{"rendered":"<p id=\"h861307-p1\" class=\"permalinkable\">Merchant Plaza is back on the market.<\/p>\n<p id=\"h861307-p2\" class=\"permalinkable\">The 15,098-square-foot shopping center on Hancock Bridge Parkway in Cape Coral has been listed for sale for $5.4 million by Crownpoint Partners. This is the same firm that <a href=\"https:\/\/www.businessobserverfl.com\/news\/2025\/jul\/20\/cape-coral-shopping-center-sells\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">just helped a Cincinnati investor buy the Tire Plus-anchored shopping<\/a> center in July.\u00a0<\/p>\n<p id=\"h861307-p3\" class=\"permalinkable\">According to an offering memorandum from the firm, the center just east of Santa Barbara Boulevard is fully leased with a tenant roster that includes PI Pizza, Tobacco Shop, Lee Nails, Floral Designs, Palm Tree Massage and Cape Palace Arcade. It was renovated in 2023 with a new roof and parking lot.\u00a0<\/p>\n<p id=\"h861307-p4\" class=\"permalinkable\">Tire Plus, the anchor, has a new nine-year lease extension and the remaining tenants have triple net leases in place, each with 3% to 5% annual rent increases.\u00a0<\/p>\n<p id=\"h861307-p5\" class=\"permalinkable\">The center\u2019s newest owner, an investor, paid $4.5 million for it in July. Before that Jeri-Lin Corp. bought it for $2.3 million for it in 2003.\u00a0<\/p>\n<p id=\"h861307-p6\" class=\"permalinkable\">Shannon Bona, a managing partner and CrownPoint co-founder, says after the new owner &#8220;did a lot of value-add work extending and cleaning up leases so he was able to achieve business plan quickly and now is selling.&#8221;<\/p>\n<p id=\"h861307-p7\" class=\"permalinkable\">Bona and Julius Swolsky, who represented the recent buyer, have the new listing.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Merchant Plaza is back on the market. The 15,098-square-foot shopping center on Hancock Bridge Parkway in Cape Coral&hellip;\n","protected":false},"author":2,"featured_media":25615,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[209,211,210],"class_list":["post-25614","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/25614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=25614"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/25614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/25615"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=25614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=25614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=25614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}