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13160 N Cleveland Avenue, NORTH FORT MYERS, FL 33903
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$1,200,000
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Home Details for 13160 N Cleveland Avenue
Price
$1,200,000
Type
Commercial/Industrial
Year Build
1974
Lot Size
0.579
County
Lee
Tax
$12,108.79
MLS®️ Listing#
223032736
On exitrealty.com
596 days
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
- Utilities
- Electricity Available
- Natural Gas Available
- Phone Available
- Sewer Available
- Water Available
- Waterfront and Water Access
- None
Listing courtesy: Commercial Realty Specialists - 239-537-5299
IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable but not guaranteed by the MLS.
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Market statistics compiled from data from Royal Palm Coast Realtor Association.
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$1,200,000
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