Address
13160 N Cleveland Avenue, North Fort Myers, FL
Price
$ 1,200,000
Property Attributes
- MLS#223032736
- TypeCommercial
- CountyLEE
- CityNorth Fort Myers
- AreaFN06 - North Fort Myers Area
- Zip33903
- StyleRetail
- Year Built1974
- Taxes$ 12108
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1780
- Lot Size0.579 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property Description
G&A Restaurant Management, Inc., the Tenant, owns and operates nine KFC restaurants and a Famous Daveâs 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
| Price History | |
|---|---|
| 4/28/2023 | Listed $2,825,000 |
| 3/27/2024 | 58% - $1,200,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Utilities | Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Septic Available,Trash Collection,Water Available |
| Condo Fee | 0.00 |
| Year Built | 1974 |
| Property SubType | Retail |
| Tax Year | 2022 |
| Business Type | Restaurant |
| Waterfront Features | None |
| County | Lee |
| Property Type | Commercial Sale |
| Status | Active |
| City | NORTH FORT MYERS |
| Buyer Agent Compensation | 2% |
| Zoning Description | C-1A |
| MLS Area | FN06 - North Fort Myers Area |
| Street Name | Cleveland |
| Tax Annual Amount | 12108.79 |
| Property Condition | Resale |
| Lease Considered Y/N | Yes |
| Days on Market | 334 |
| Standard Status | Active |
| Property Sub Type Additional | Retail,Commercial |
| Lease Amount | 5000 |
| Lease Amount Frequency | Monthly |
| PostalCity | NORTH FORT MYERS |
| Legal Description | PARL IN SE 1/4 AS DESC OR 1896 PG 1019 |
Interior Features
| Total Stories | 1 |
|---|---|
| Air Conditioning Y/N | Yes |
| Street Suffix | Avenue |
Exterior Features
| Lot Size Area | 0.579 |
|---|---|
| Canal Width | None |
| Building Area Total | 1780 |
| Lot Size Acres | 0.579 |
| Lot Size Units | Acres |
| Lot Size Source | Plans |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 33903
Price
Taxes
Visits
Year Built
Walkscore
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 12, 2024 4:53 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
