Address13160 N Cleveland Ave, NORTH FORT MYERS, FL, 33903
Price$1,200,000
- Commercial Sale
- Built in 1974
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
- HOA Fees$0
- Bathrooms0.00
- Acres0.58
- Year Built1974
- TypeCommercial Sale
- Sub-TypeRetail
- StatusActive
Community Information
- Address13160 N Cleveland Ave
- CityNORTH FORT MYERS
- CountyLee
- StateFL
- Zip Code33903
Area
FN06 - North Fort Myers Area
Utilities
Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Collection, Water Available, Septic Available
Office
Commercial Realty Specialists
Amenities
- WaterfrontNone
Interior
- # of Stories1
Additional Information
- Date ListedApril 28th, 2023
- ZoningC-1A
Listing Details
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