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13160 N Cleveland Avenue
North Fort Myers, FL 33903

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Property Details


List Price: $2,825,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: Commercial Realty Specialists

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Description/Comments


Lot Size: --
Property Type: Commercial
Year Built: 1974
Notes: 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. <br /> <br /> 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.<br /> <br /> Absolute NNN Lease - No Landlord Responsibilities<br /> Price: $2,8250,000 <br /> CAP: 4.25%<br /> NOI: $120,000<br /> Rent Escalation of 10% every 5 years<br /> 10 year Lease with 5 Five-Year Options
MlsNumber: 223032736


Listing Provided By: Commercial Realty Specialists, original listing
Name: Commercial Realty Specialists
Phone: (239) 537-5299
Office Name: Commercial Realty Specialists
Office Phone: (239) 537-5299
Agent Name: Bruce Preble
Disclaimer: Copyright © 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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