4
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$1,200,000
Est. payment /mo
1,780 SqFt
Active
13160 N Cleveland AVE North Fort Myers, FL 33903
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UPDATED:
03/27/2024 04:18 PM
Key Details
Property Type Commercial
Sub Type Retail-Commercial: Free Standing Building,Retail-Commercial: Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 1,780 sqft
Price per Sqft $674
MLS Listing ID 223032736
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 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
Area Fn06 - North Fort Myers Area
Zoning C-1A
Interior
Inclusions Building And Land
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Removal, Water Available
Waterfront Description None
Private Pool No
Building
Sewer Septic Tank
New Construction No
Others
Tax ID 11-44-24-00-00017.4A70
Listed by Commercial Realty Specialists • Bruce Preble