$1,200,000
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13160 N Cleveland Avenue North Fort Myers, FL 33903
Retail
Residence
Beds
Baths
1,780
Sq. Ft.
0.58
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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
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MLS#
223032736
Property Type
Retail
Year Built
1974
Square Feet
1,780
sq. ft
Lot Size
0.58
Sewer
Sewer Available, Holding Tank, Septic
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