13160 N Cleveland AVE, North Fort Myers, FL 33903

North Fort Myers, FL 33903,13160 N Cleveland AVE

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Saving Specialist Group

savingsspecialistgroup@gmail.com +1(239) 789-6867

$1,200,000

Est. payment - /mo

1,780 SqFt

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UPDATED:

09/30/2024 11:00 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

Construction Status Resale

HOA Y/N No

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

Area Fn06 - North Fort Myers Area

Rooms

Bedroom Description NaN

Interior

Fireplace No

Exterior

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Septic Available, Trash Collection, Water Available

Waterfront No

Waterfront Description None

Garage No

Building

Story 1

Sewer Septic Tank

Construction Status Resale

Others

Senior Community No

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

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Listed by Commercial Realty Specialists • Bruce Preble

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Saving Specialist Group

+1(239) 789-6867

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