13160 N Cleveland Ave , NORTH FORT MYERS, FL 33903
NORTH FORT MYERS, FL 33903
Description
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
Details
| Mls | 223032736 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Subtype | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 235 |
| Listing Provided By | Commercial Realty Specialists | Bruce Preble |
Features
| Sq Feet | 1,780 |
|---|---|
| Storys | 1 |
| Zoning | C-1A |
| Acreage | 0.58 |
| Water Front | Yes |
Market Activity 33903
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Learn More About This Property
| State | FL |
|---|---|
| County | Lee |
| City | NORTH FORT MYERS |
| Zip Code | 33903 |
| Listing VS Median (in 33903) | |
Price: $1,200,000 low | high Med: $205,000 SqFt: 1,780 low | high Med: 791 $ / SqFt: $674 low | high Med: $259 On Site: 235 low | high Med: 235.000000 | |