Active

13160 N Cleveland AVE

NORTH FORT MYERS FL, 33903

$1,200,000


$674.16 per sqft

Active

1,780 sqft

Commercial

Built in 1974

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

223032736

MLS ID

April 1, 2023

Listed

May 9, 2024

Updated

Map

13160 N Cleveland AVE
NORTH FORT MYERS FL, 33903

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Heating

No

Exterior/Building Features

Lot Size

0.58 Acres


Sewer

Septic Tank

Other Property Details

Area Name

FN06 - North Fort Myers Area


Taxes

$12,109


Tax Frequency

Annually


Days on Market

334


Garage

No


View

No


County

Lee


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

3/27/2024

Price Change

$1,200,000

-58%

Listed by Bruce Preble, Commercial Realty Specialists

Listing Contact: 239-537-5299 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Adolfo Diaz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 4:09 PM UTC, 5/9/2024

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