13160 N Cleveland Ave, NORTH FORT MYERS
$1,200,000
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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
Essential Information
- MLS® #
- 223032736
- Price
- $1,200,000
- Bathrooms
- 0.00
- Square Footage
- 1780.00
- Acres
- 0.58
- Year Built
- 1974
- Type
- Commercial Sale
- Sub-Type
- Retail
- Status
- Active
Community Information
- Address
- 13160 N Cleveland Ave
- Area
- FN06 - North Fort Myers Area
- City
- NORTH FORT MYERS
- County
- Lee
- State
- FL
- Zip Code
- 33903
Amenities
- Waterfront
- None
Utilities
Trash Collection, Electricity Available, Natural Gas Available, Phone Available, Septic Available, Sewer Available, Water Available
Interior
- # of Stories
- 1
Additional Information
- Days on Market
- 435
- Zoning
- C-1A
- HOA Fees
- 0.00
Listing Details
- Office
- Commercial Realty Specialists
LISTING MAP
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024 Southwest Florida MLS organizations.. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
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