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$ 1,200,000
Est. payment /mo
Active
13160 N Cleveland AVE North Fort Myers, FL 33903
1,780 SqFt
UPDATED:
03/27/2024 09:21 PM
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
Style Resale Property
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 Sub-Type Retail
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
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
Listed by Commercial Realty Specialists • Bruce Preble