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