FL > North Fort Myers
North Fort Myers, FL 33903,13160 N Cleveland AVE
North Fort Myers, FL 33903,13160 N Cleveland AVE
North Fort Myers, FL 33903,13160 N Cleveland AVE
North Fort Myers, FL 33903,13160 N Cleveland AVE
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Tanisha Perona

Tanisha Perona

+1(401) 484-0130
$ 1,200,000
Est. payment | /mo

1,780 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

1,780 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,780 sqft

Price per Sqft $674

MLS Listing ID 223032736

HOA Y/N Yes

Originating Board Florida Gulf Coast

Year Built 1974

Annual Tax Amount $12,108

Tax Year 2022

Lot Size 0.579 Acres

Acres 0.579

Property Description

G&A Restaurant Management, Inc., the Tenant, owns and operates nine KFC restaurants and a Famous Dave’s Bar-B-Que in the fast-growing state of Florida. The owner of G&A Restaurant Management Inc. has been operating KFCs since 1996, nearly 30 years. Most restaurants, like the KFC in North Fort Myers, are located in southwest Florida in well-established communities with a rapidly expanding population and strong economies.

This KFC in North Fort Myers is well located on US 41, a major US north-south route with nearly 230,000 residents within a 15-minute drive and 52,000 employees within a 10-minute drive.

Absolute NNN Lease - No Landlord Responsibilities
Price: $2,8250,000
CAP: 4.25%
NOI: $120,000
Rent Escalation of 10% every 5 years
10 year Lease with 5 Five-Year Options

Location

State FL

County Lee

Zoning C-1A

Interior

Cooling true

Inclusions Building And Land

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description None

Garage No

Building

Story 1

Level or Stories 1

New Construction No

Others

Senior Community No

Tax ID 11-44-24-00-00017.4A70

SouthWest Florida Naples MLS (NABOR)
Listed by Commercial Realty Specialists • Bruce Preble
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13160 N Cleveland AVE