Depending on where you and your ride like to fuel up in SW Florida, you may have a number of new options coming your way. Whether you're looking for a f'real shake at Circle K, a Sizzli from Wawa, or 7-Eleven's Big Gulp, we are tracking quite a few new locations that may be "Coming Soon" where you can grab your favorite eats while putting some fuel in the tank.

We went through the city, county, and water-management filings we track across Lee and Collier counties looking for applications for c-stores with fuel over the past year or so. We found a total of 32 pre-apps, ERPs, site work permits, and development orders covering 28 sites, plus four 7-Elevens we'll get to at the end. Where a filing names the brand, we name it. Where we think we know but the paperwork doesn't say, we tell you who, and why.

Circle K: seven sites

•         Pine Island Rd & Andalusia Blvd (Cape Coral): Pre-app for a "5,200 SF store with 10 fueling positions." The pre-app was requested on Sept 14, and based on city records, the city met with the applicant on Oct 13. What happens in pre-apps stays in pre-apps, at least on the city's portal. So we don't know what was discussed, but we'll be watching the site for the next filing.

•         Gateway Marketplace, SR 82 & Daniels Pkwy (Fort Myers): A 3,956 SF store with a fuel canopy with 7 multi-product dispensers (MPDs). A pending SFWMD permit (filed May 1) and a Lee County development order in review (filed May 4).

•         Colonial Blvd & Challenger Blvd (Fort Myers): A 5,200 SF store with a 7 MPD fuel canopy and AutoZone next door on its own parcel. A pending SFWMD permit and a City of Fort Myers site-work permit awaiting a resubmittal, both filed Sept 1.

•         Golden Gate Blvd & Wilson Blvd (Naples): A 5,200 SF store with a 6 MPD fuel canopy, next door to Tractor Supply and AutoZone. SFWMD permit issued Feb 27, the furthest along of the seven.

•         1601 Tropicana Pkwy W (Cape Coral): Pre-app filed Jan 27 for a "Proposed Circle K" at Tropicana's intersection with Chiquita Blvd for a meeting scheduled Mar 3. The filing says nothing else, and it doesn't need to.

•         Skyline Blvd & Trafalgar Pkwy (Cape Coral): Pre-app filed Feb 4 for a "Circle K convenience store, 10 fueling position." The meeting was scheduled for Mar 10. The applicant and engineer of record is Jarod Stubbs of Kimley-Horn, a name that keeps showing up.

•         Diplomat Pkwy & Santa Barbara Blvd (Cape Coral): Pre-app filed Feb 24 for "Circle K", meeting scheduled for Mar 24. That makes four named Circle K pre-apps in Cape Coral, five counting our read below.

Wawa: five stores

•         Egret's Crossing, 4889 Santa Barbara Blvd (Naples): SFWMD permit issued Mar 16 for a 6,300 SF store and a 7,150 SF canopy with 8 MPDs, double-stacked in a 4x2 layout. The site is just off the corner of Santa Barbara & Davis Blvd with access to Davis wrapping around the existing CVS.

•         Daniels Pkwy & Freshman Ln (Fort Myers): Requested a pre-app on Aug 19 to discuss the development of a 6,375 SF gas station with accompanying 7,150 SF canopy. No other details provided, but canopy is same SF as Egret's Crossing, so we presume the same 8 MPD layout.

•         US 41 & Alico Rd (Fort Myers): There is a bit of action at this intersection with construction started at Dia Crossings. A pre-app filed June 29 for "WAWA DIA", meeting held with the same applicant as the Daniels Pkwy & Freshman Ln pre-app, Aaron Kosh.

•         Winkler Rd & Gladiolus Dr (Fort Myers): A pre-app filed June 24 for a Wawa Gas/Convenience Store, McDonald's, Quick Service Restaurant, associated parking, dumpster pads, ADA compliant accessibility, standard utilities, and one 1.437-acre pad for a future undetermined use.

•         Pine Island Rd & Chiquita Blvd S (Cape Coral): Wawa proposed a car wash at West Cape Marketplace, and our read is that a c-store with gas was part of the plan. It was pulled because of the city's car wash proximity ordinance: there is an existing car wash within one mile. The pre-app, filed June 23, names "Development of a Wawa Car Wash", and the city voided it after plan review failed July 17. An earlier pre-app on the same parcel (filed July 28, 2025, meeting set for Aug 26) sought a 6,700 SF convenience store with gas sales and named no brand. It is TBD if Wawa is still in the works without the car wash. Either way, the development has company: Chick-fil-A and 7 Brew have filed pre-apps on the same parcel.
We'll have more on the quick-service restaurants around SW Florida in our upcoming QSR roundup.

Walmart, Murphy Express and Exxon/Mobil

•         Walmart Fuel, SR 82 & Blackstone Dr (Lehigh Acres): SFWMD permit pending, filed May 6 by Wal-Mart Stores East LP. Lee County also has a development order for Fuel Station #3915 there, a 1,618 SF store with 10 pumps, from the same engineering firm, Kimley-Horn. Gulfshore Business reported Walmart Gas as a tenant of the Casto center there on Aug 31, so the paperwork is catching up with the news.

•         Walmart Fuel, Ben C Pratt/Six Mile Cypress Pkwy (Fort Myers): Looks like Walmart is going all in on fuel at its S Tamiami Trl & Six Mile Cypress Supercenter. Lee County development order, filed Feb 13, is for a Walmart Fuel Station that includes 20 pumps and a 1,618 SF convenience store. Twenty pumps is double what Lehigh Acres is getting.

•         Murphy Express, 8681 Cypress Lake Dr (Fort Myers): A pre-app filed June 8, meeting held, for a Murphy Express of about 2,800 SF with an 8 MPD canopy at the former BOA site at Cypress & Winkler. The filing says the meeting was meant to cover "site layout, access, and utilities, and to obtain feedback on the Special Exception process and potential setback relief for underground fuel storage systems."

•         5050 Eastwood Commons Dr (Fort Myers): City site-work permit filed Dec 5, 2025 for a "New Gas Station with Convenience Store." Submitted civil plans show an Exxon/Mobil 4,819 SF store with an 8 MPD (4x2) canopy. The site is at the roundabout at Hanson St & Ortiz Ave.

Our read, not the filing's

•         Circle K, three sites: 2706 N Tamiami Trl (North Fort Myers) is a proposed 3,956 SF store with 12 fueling positions plus high-speed diesel for trucks. 17900 State Road 82 (at Alabama) is a 5,200 SF store, pre-app in review. Pine Island Rd & Burnt Store Rd (Cape Coral) is a 5,200 SF store with 12 fueling positions, a potential Pine Island Rd book-end to its proposed counterpart at Andalusia. Cape Coral closed that pre-app on June 2, a week ahead of the meeting scheduled for June 9, a rare case of government finishing early. Jarod Stubbs of Kimley-Horn is the applicant on all three, and the engineer of record on Burnt Store and on the confirmed Pine Island & Andalusia Circle K. The building sizes match the confirmed Circle K filings. None of the filings names the brand, though Kimley-Horn sure is busy.

•         Circle K, 7350 Gladiolus Dr (Fort Myers): A pre-app filed Nov 11, 2025 by Bohler Engineering for a 5,200 SF convenience store with gas sales, the same size as the confirmed Circle Ks. The proposed location is just south of Lakes Park, and the filing is titled "CK Gladiolus", which is as close to a name tag as we've seen.

•         Wawa, 4852 Palm Beach Blvd (Fort Myers): A pre-app was filed Aug 6, meeting held. The applicant is Wagner Property Group, whose website lists multiple Wawa developments. The Jacksonville Daily Record reported Wagner as developer and agent on a Wawa in Macclenny that opened in August, so we are fairly confident this will be a Wawa. Time will tell if we are correct.

•         Exprezo, 5101 Luckett Rd (Fort Myers): SFWMD ERP filed Feb 17 and issued to Luckett Oil, Inc. for a 4,000 SF store with an 8 MPD (4x2) canopy. Florida's Sunbiz records show Luckett Oil at the same Pompano Beach address, and with the same people as Exprezo so we read this as an Exprezo convenience store. A curious coincidence on the applicant and street names. We imagine Luckett Oil couldn't pass up the opportunity for a store on a namesake street.

"Who Are You?" Six sites with no name yet

•         7341 Buckingham Rd (Fort Myers): Pre-app filed Aug 12, meeting held for "proposed construction of a gas station" at the intersection of Buckingham Rd & Gunnery Rd. Also filed for this same property is an SFWMD Formal Wetland Determination for the entire 14.4-acre parcel. Something is in the works here, and we'll be keeping an eye on it for you.

•         2500 Meadow Rd (Lehigh Acres): The applicant is asking staff whether a gas station would be permittable in C-2 zoning or would it need to be rezoned, and how many entrances it could get. The site is at the intersection of SR 82 & Sparta Ave. The pre-app was filed May 13, in review.

•         21350 Palm Beach Blvd (Alva): A pre-app held to discuss a proposed convenience store with gas. The engineer is Bohler, which has worked on both Circle K and Wawa filings here, so no tell.

•         601 Homestead Rd (Lehigh Acres): Pre-app filed Jan 13 by RVi Planning + Landscape Architecture for an amendment to the Ashton Greens RPD at the intersection of Homestead Rd & Milwaukee Blvd. The plan is to rezone the undeveloped parcels to CPD for a gas station with a c-store and a grocery store and leave the built housing as RPD. No tenant named. Rezone first, brand later is a familiar order of operations.

•         16241 Babcock Ranch Rd (Fort Myers): Pre-app filed Jan 6 for "commercial retail and a fueling station" on two parcels at SR 80 & SR 31. The applicant, Morgan Hampton, lists no firm, and the list of questions for staff covers everything except who's selling the gas.

•         1409 El Dorado Blvd N (Cape Coral): Pre-app filed Jan 13 for a 6,477 SF convenience store and 10-pump gas station on about 1.79 acres zoned Commercial, with a meeting scheduled for Feb 17. The applicant is Avalon Engineering. At 6,477 SF it's closer to Wawa than Circle K, and we'll tell you who steps forward.

Where are the 7-Elevens?

We know of four in the works in Lee County.

•         Agualinda Blvd (Cape Coral): Filed a pre-application in September 2024 that said only "Gas & Convenience Store." The name didn't appear until the site plan six months later, spelled "7-11." The building and fuel canopy are finished, and as of Oct 15 the store hasn't opened.

•         1603 Chiquita Blvd N (Cape Coral): Pre-app filed Apr 2024 for a "7-Eleven Store w/Gas", so no mystery brand here. The site plan followed in August 2024, and the store and fuel canopy permits in October. The last permits (low voltage, irrigation, fence) closed in early 2026, so it should be completing construction. We haven't been by to check.

•         10990 Buckingham Rd (Fort Myers): Site-work permit filed Oct 8, 2025 as "7-11 Buckingham" and issued Apr 1. Store and fuel canopy permits were issued in late May, and sign permits, pylon included, in Aug and Sept. The city lists it as in inspections, so we read this as under construction. Same road as the 7341 Buckingham Rd site above, different story, as far as we can tell.

•         S Tamiami Trl (Fort Myers): Got its Lee development order in 2023 and its water-management permit in January 2025, and it's under construction now.

What we haven't found is a 7-Eleven pre-app filed since June. Applications for the stores opening now were filed years ago, and the brand has a habit of showing up late in the paperwork. Either we're not looking hard enough, or 7-Eleven is very good at covering its trax. Or maybe they hold their pre-apps late at night in secret clubs, where the first rule of 7-Eleven Pre-App Club is you don't talk about 7-Eleven Pre-App Club.

Either way, here at DevelopmentTrax we'll keep looking so you'll know who's "Coming Soon" before the signs go up.

What are the best real estate data plugins that you use with ChatGPT? More so on the data side, like property information, permits pulled in the area, or even skip tracking.

I do single-tenant retail developments and I’m curious if there are any plugins that could help me with site selection and outreach.

For those on the brokerage side, curious what you're also experiencing.

So many conversations are resulting in owners referencing offers they had during this time period. And it's just creating a false expectation of what their property is actually worth.

And for the foreseeable future, given the current economic conditions, prices are more or less going stay the same or probably drop slightly.

How are you approaching this with a owner? Do you just be direct with them they will never see X price?

Having spoke with a handful of brokers the past few days, I’m seeing general cap rate guidance have moved around 50bps. What was a 6 cap stabilized deal is now at 6.5% cap guidance. General consensus is that “all” buyers are at 7.5% cap guidance and thus not competitive if you are at this spot with not having a relationship with the broker.

Looking at a deal today and it’s interesting because most of these deals seem to be 5-7 year term remaining that the tenant then has an extension option. I can get to justifying the 7.25% cap rate range to be more competitive then the masses but it’s still quite a swing vs. cap guidance.

Curious if there are any brokers here who can shed some light as to whether offers are so light right now that it’s worth the submission and by seeing an actual offer changes the conversation then the scoff of a verbal and if expectation is in the low 7 range when guidance is now mid-high 6.

What’s ultimately the risk I see is whether or not said tenant renews. If they renew then all is good. Can refi or resell to the next guy in 5 years. If you factor vacate and at the purchase cap that likely gets deal done (high 6 to flat 7) then it becomes a quite boring return that I don’t see really making sense.

Future problem or going to be a boring few months until we get some consistency of debt and thus guidance to match reality?

For what it’s worth on non lifeco debt im getting 190-200bps, 30yr amort.

Location: Ontario Canada

I own a mid-sized plaza in Ontario, Canada. Over the past 2 years the City has been doing roadworks on the arterial road my plaza sits on. Last year / this year the work was being done just down the road from the plaza, which impacted my tenants business with slightly reduced traffic and sales (approx. 10% I've been told). Most of my tenants are Destination Tenants (Dr's, Physio, etc.), but several are convenience/retail tenants (Variety Store, Cafe, Shawarma).

In speaking with the City recently, I have been told that next spring they will be redoing the road directly in front of my plaza. This will certainly impact my tenants, as access will be very limited and the Arterial Road is being closed in the middle to deter through-traffic. Construction is expected to take the entire Spring/Summer/Fall to complete.

I truly like my tenants and believe in being open with them, and this is certainly weighing on my mind. My agent says I don't need to inform them as the City/Region has been very open about the construction and the information is certainly out there for anyone to find. On the other hand, I think it important that if they don't know that they be informed so they can prepare for the reduction in traffic and sales.

I already have an email drafted and ready to go to the tenants, but I'm putting it out there to the experts here - do I send the email, or do I let the process unfold naturally?

Additional Info: No leases up for renewal between now to the end of construction.

Did he actually ever retire?

Howd the transition go?

Did you buy him out? Remortgage everything?

Small time landlord-to-be helping my mother out. Specs of the property are:

• Warehouse
• Class C (16ft ceilings, no loading dock, garage, no AC, old build)
• 1800sqft
• Asking $3k/mo gross
• Rahway, NJ
• Turned over with fresh paint, freshly epoxied floors, 60k lumens of lighting, new door, drywalled ceiling (was exposed joists with insulation)

Potential tenant is asking for 1 month free rent and AC to be installed. Installing a 5 ton AC in the space would require installing ductwork, building out a maintenance closet, coming in around $25k.

Was going to ask for an extra 500/mo for 5 years ($3.5k/mo) for the AC buildout and a PG for the AC portion of the lease. We'd want 2 months security + 1st months rent to lessen the capital burden.

My understanding is that the area is around $15-20 NNN, and I'm pricing at around $20 gross + AC buildout.

Does this pricing seem reasonable for the area?

Any thoughts? What’s the play and how can I be helped to see the 30k view

Consider a (~1,500 sq ft) 2nd gen inline retail unit being converted from a retail store to a fast-casual restaurant. Would you consider the following scope part of the "shell" delivered by a landlord, or would this traditionally be treated as tenant improvements deducted from the TIA?

- Utilities to the back of the unit:
i. A minimum 2-inch diameter natural gas pipe and meter rated for 500 CFH continuous flow.
ii. A 4-inch uncapped sanitary sewer stub.
iii. An upsized 3-phase commercial electrical service panel.

- Cut the concrete floor slab at the rear for the placement of 3 drains (2 floor sinks and a mop sink)

- Roof cuts for an exhaust fan and a makeup-air supply fan. Seal the penetrations after the tenant's fixtures are installed. Roof penetration for a plumbing sewer vent pipe.

 - Install a single-occupancy, ADA-compliant washroom adjacent to the existing one.

We’re seeing a sizable shift in our market, with occupiers becoming increasingly corporate and, in turn, gravitating toward more institutional representation.

I’ve spent most of my career at smaller, independent shops and have enjoyed the autonomy, economics, and ability to build my own business. Historically, I’ve passed on recruitment efforts from larger firms, but I’m starting to reconsider whether having a national flag behind you is becoming more important in winning corporate business.

In our market, CBRE and JLL seem to command the lion’s share of corporate occupier relationships, with Cushman and Savills occupying the next tier.
My question for those who have worked at these firms: Beyond the name on your business card, what are you actually getting in exchange for giving up 40–50 cents of every dollar you earn?

Is there meaningful deal flow from national accounts? Do the research, technology, marketing, and support infrastructure actually help you win and execute more business? Or are you largely responsible for sourcing your own deals while paying a substantial premium for the brand?
I recognize that the platform can open doors, but I’m curious whether that translates into enough incremental revenue to justify the economics. I’ve always sourced my own business so unless the flag is dramatically increasing my deal volume, the splits don’t math.

So I don’t expect an answer or a solution here, but I feel the need to rant about something that makes absolutely no sense to me.

I am a landlord and I have a commercial tenant in Michigan. This tenant was the principal for a Michigan LLC. The lease was written using tenancy laws from Michigan and negotiated by Michigan attorneys. The building is in Michigan and the tenant has broken their lease, owes back rent and utilities. There is also a personal guaranty that they signed based on Michigan law. They have since moved to Illinois.

Can someone please tell me why on earth, I need to hire an attorney from Illinois and litigate this case there? What the hell does Illinois have to do with this? This is the third tenant in my career that screwed me and skipped town and there’s nothing I can do about it unless I sue in a different jurisdiction with different laws and a different collection attorney. Someone make this make sense.

I'm in the middle of a deal and my rate which is based on 1 month SOFR has gone up 30-40 basis points already. Are deals being repriced in this environment or people waiting and watching to see how things work out? My bank says they can't lock even though gave a verbal cap, but there is a point where the deal wouldn't make any sense if the yields keep shooting up in such a short period of time. I'm not even sure where they'll finally end up 7%-%?

I've been watching the new listings and the cap rates don't really seem to have changed, is it because everyone expects this to be a short term bump.

Hey there,

I own my own firm and I have always been on my own and never joined CRE in the traditional sense of starting at JLL, CBRE or somewhere similar. I am looking to grow my firm starting Q1 but I keep getting tied up on the split structure.

Why do so many agents agree to these 50/50 or best case 60/40 splits? I have a more boutique mindset, where 50/50 & 60/40 should only be for people I genuinely need to help and teach. An experienced agent should be at least 70/30. So why are other agents so on board for JLL at 50/50? Do the big firms literally hand you leads and sales to the point that it outweighs being at a smaller firm and keeping more of what you make? Like, how is a 50/50 with the house before your true split even worth it?

All my agents get the same resources (for the most part) as the bigger firms, except for the name.

I am looking to see if I am missing something because I genuinely have no ability to grasp the concept of going to a big firm for less because I have never done it. Trying to understand why Big over boutique so I can understand the thought process before I do a growth push.

​

I am buying a $7 million property in Texas, and it is a 3 year buy and flip with a secure tenant and lease.

I have decided that I want to lower my exposure to one deal and buy some additional properties. So I am looking for some LPs to split the deal.

Any thoughts on how I find them. I expect a 10% annual return for the 3 years before flipping.

I'm in a bit of a weird spot career wise. I started working in CRE while in college, I graduated 2 years ago and got my brokers license last year. To explain things better I'll give some background. My grandfather started his own brokerage back in the 1970s. He turned into a developer and was locally well known until he exited the brokerage world sometime in the 1990s. I grew up around the property management side. CRE was not my fathers choice career, he was kind of forced into. He's grown to hate it now but cant retire as all the business is owned by my grandmother. He basically handed me all the leasing responsibility as soon as I got my real estate license. (My grandfather died when I started college, so I got my license to help out.)

We currently manage 9 commercial strip centers of about 98 units. Everyone assumes that I get paid well and have a cushy job, but thats not the case. I made $40k last year including commissions. I'm not inheriting any property anytime soon. I get a 3% raise every year. I usually get 1-3 commissions a year which are all small retail. However, this year I've made none. I've been working over the past year on a 10 year lease with a national bank for an out parcel. This was a bit of learning curve. Especially when it comes to negotiating TI for a deal like that. My father never did a deal that big as it was always my grandfather. And that property was never vacant.

I realized in the spring that I should consider working part time for another brokerage. I reached out to a few local boutique brokerages. I met with one that was willing to take me on while letting me still handle my family's listings completely separate. They were the only brokerage that didn't expect me to bring the listings with me. I told them I wanted to join but needed some time to talk with my family (who was not going to take it well) and just get towards the end of this bank deal. (It's been very project management heavy at this point meeting with contractors and such, it's an old building with asbestos). They told me there was no rush and take as much time as I needed. Well that was 3 months ago and they brought on 2 new agents. They don't have the space for me anymore. But they want me to stay in touch for when they do.

I've had a few opportunities to act as tenant rep and landlord rep broker over the past few years. I always passed on it as my family's business is antiquated and is not set up for this. My family name still has some local recognition so I've been considering opening my own brokerage. Just something to work under so I can work on outside landlord rep and occasional tenant rep. A friend of mine just expressed interest in having me list a property they're developing.

Growing up around the business, I have a good understanding of the accounting side. My biggest concerns are more around the paperwork side of brokerage with things like landlord rep agreements and processes around that. What other hurdles might I run into with this?

I worked as an intern for a CRE company. Really hoping to make the next step. Any advice would be appreciated!

For what it’s worth, I’ve also worked as a residential realtor

Tenant rep broker here. Looking to sharpen my business development strategy and become more efficient at generating new opportunities. What prospecting methods, tools, or outreach strategies are producing the best results for you right now? Open to any ideas from CRE professionals who have successfully built a strong occupier-side pipeline.

I work for a PE shop doing LP investments in ground up residential & industrial developments all over the lower 48. We enter into JV agreements with GP's who handle all the development & asset management work, we bring in 70-90% of the equity, and we just monitor the progress at a higher level. Normally through our existing networks we get deals pitched our way, but they're often in markets we're no longer interested in.

We're launching a new fund and I've been seeing some markets that look interesting on paper, but we have no connections there. I'm on the asset management side, but due to the new fund being launched, I'm helping out with some of the acquisitions and market research.

What's the best way to find GP's in a new market looking for an LP investor? Is it better to start with local brokers?

Have had two deals die in the past week. LP re-traded due to rate hikes which is not unreasonable, but obviously the sellers balked and deals died. By far the most volatile, difficult time to do deals as a GP I've ever witnessed. It was already difficult with the buyer/seller discrepancies in value but this just made it 10x worse. Just brutal out there and not sure when it will let up.

I know discussing deals is against the rules. But it'd be nice to be able to post/discuss them here still in a non-spammy way. What are your thoughts on one thread per week dedicated to it and that's the only place it's allowed?

There are some Home Improvements underway on Pine Island Road in Cape Coral.

This one has actually been developing for almost two years.

It starts with City of Cape Coral PRAP24-000096, filed October 28, 2024, for a “proposed big-box retail facility” on the Hancock Terminus LLC property at 201 SW Pine Island Road, a roughly 15-acre, four-parcel assemblage.

No tenant identified.

Then things start getting interesting.

PRAP25-000003 | Portillo’s Restaurant
Filed January 14, 2025
A 6,250 SF Portillo’s with a dual-lane drive-thru is proposed for Lot 2 of Hancock Terminus.

In August 2025, Cape Coral approves the Hancock Terminus Center replat under Resolution 236-25, creating new commercial tracts, lot lines and development easements.

Fast-forward to 2026.

PRAP26-000033 | 7 Brew Coffee
Filed April 6, 2026
A 7 Brew drive-thru joins the mix.

Then the property records start talking.

On May 8, 2026, Lowe’s Home Centers, LLC records its $5.6 million purchase of a five-acre tract from RD101 LEE LLC, a Roger Dean company. The property sits between Hancock Terminus and Roger Dean Chevrolet.

Lowe’s also gets a Temporary Construction Access Easement (TCE) allowing it to construct an access road across the Roger Dean property to Pine Island Road.

Then, about a month later:

PRAP26-000043
Filed June 10, 2026
Pre-app: Big-box retail store with an accessory garden center.
Tenant: Not identified.

And site clearing is now underway.

So we have an unnamed big-box proposal, Portillo’s, a replat, 7 Brew, a $5.6 million Lowe’s land purchase, a Lowe’s construction-access easement, and then another unnamed big-box application with a garden center.

The sign may not say Lowe’s yet.

The development trail does.

The other interesting part is that Lowe’s isn't the whole story. Portillo’s and 7 Brew have both gone through Cape Coral pre-app review at Hancock Terminus, and the property has been replatted into multiple commercial tracts.

Looks like this corner is going to get a lot more interesting.

Anyone know of anything else planned for Hancock Terminus?

Asking because honestly fomo

I’m a surgeon trying to build a new office with an operating room to free myself from the tyranny of corporate medicine and monopoly hospital systems. I need some education on how to structure a construction loan for my new office.

I own a plot of land that has been rezoned appropriately for my office needs. This was its own hellacious process, but it’s done. My architect has designed the building and the land planners have the full development plan approved with the city.

I’m now trying to figure out how to pay for the build. Estimate build cost last year for the 10k sq ft was 5mil, I would not be surprised if this becomes 7mil in reality. I could wait two more years to save enough cash to have a more conventional financing with 25% down but there is a lot of opportunity cost in waiting and I want to start now.

How to I get a bank to allow a 90-95% LTC to get things going? I’m really good at surgery, less good at banking so don’t want to get jerked around by banks trying to figure this out.

I’m in a midsized midwestern city. I bought the lot at 1.1 mil and based on my own calculation of comps it’s now worth 2-2.5mil. Loan on the lot is about 600k.

Under agreement on an older commercial building. The inspector found an old oil fill cap in the ground and flagged a potential possibility of an underground tank. The building was switched to gas years ago while a tenant occupied it. The owner signed the permit, but nobody knows who did the work, and there's no permit or record anywhere of a tank being removed. The seller says he doesn't know anything about a tank.

In the basement below the fill cap and gas meter area above ground there's a cut pipe coming through the wall, a stained outline on the wall where a tank could have sat (cement platform comes up a few feet off the ground). A tank company looked at photos and thought it was an indoor tank that got removed, but nothing confirms that, and the fill cap outside was never pulled or sealed.

What I've done so far:

- Checked city, fire department, and state records. Nothing.

- Booking a ground radar scan at my own cost.

Is there anything I'm missing or should be doing now? I dont want any surprises.