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13160 N Cleveland Ave

North Fort Myers, Florida, 33903, United States

Property ID: #690797 // commercial
13160 N Cleveland Ave
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Traditional Sale
List Price:
$1,200,000.00
Icon 1,780 ft²
Icon 0.58 acres
Icon - beds
Icon - baths
Address:
13160 N Cleveland Ave
City:
North Fort Myers
State:
Florida
Zip Code:
33903
County:
Lee
Country:
United States
Property Type:
Commercial
Additional Property Types:
Retail
Year Built:
1974
Property Size:
1,780 ft²
Lot Size:
0.58 acres
Data Source:
Florida Gulf Coast MLS
MLS/Reference Number(s):
223032736
Source Status:
Active
Source Property Type:
Commercial, Retail

Property Provided By

  • Bruce Preble
  • Commercial Realty Specialists
  • +1 (239) 537-5299
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Property Information

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

Source Disclaimer

Florida Gulf Coast MLS

Listing Information © 2024 Royal Palm Coast REALTORS® and the Florida Gulf Coast MLS. All Rights Reserved.
Courtesy of Bruce Preble, Commercial Realty Specialists.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last updated on 2024-03-27 16:15:47. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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