13160 N Cleveland AVE Active Save Request In-Person Tour Request Virtual Tour
North Fort Myers,FL 33903
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
Year Built 1974
Annual Tax Amount $12,108
Tax Year 2022
Lot Size 0.579 Acres
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
Exterior
Utilities Available Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Waterfront No
Waterfront Description None
Building
Story 1
New Construction No