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13160 N Cleveland Avenue

North Fort Myers, FL 33903
  • $1,200,000
  • STATUS: Active
  • ON SITE: 419 Days
  • ID#: 223032736
UPDATED: 126 min ago
$1,200,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1974
County:
Lee

School Ratings & Info

Description

G&A Restaurant Management, Inc., the Tenant, owns and operates nine KFC restaurants and a Famous Daves 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 ResponsibilitiesPrice: $2,8250,000 CAP: 4.25%NOI: $120,000Rent Escalation of 10% every 5 years10 year Lease with 5 Five-Year Options

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© 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively 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 is not guaranteed accurate by the MLS or Premier Sothebys International Realty. Data last updated 2024-06-21T07:23:57.917.
www.thomasteamflorida.com/homes/139032910
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13160 N Cleveland Avenue North Fort Myers, FL 33903

  • Price: $1,200,000
  • Status: Active
  • On Site: 419 Days
  • Updated: 126 min ago
  • ID#: 223032736
0
Beds
0
Baths
0
½ Baths
0.58
Acres
1974
Built
Neighborhood:
Fn06 - North Fort Myers Area
County:
Lee
Area:
Fn06 - North Fort Myers Area
Property Description
G&A Restaurant Management, Inc., the Tenant, owns and operates nine KFC restaurants and a Famous Daves 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 ResponsibilitiesPrice: $2,8250,000 CAP: 4.25%NOI: $120,000Rent Escalation of 10% every 5 years10 year Lease with 5 Five-Year Options
Exterior Features

Covered Spaces 0 Waterfront Features None Waterfront YN No

Property Features

Association Fee 0 Association Fee2 0 Association Fee3 0 Business Type Restaurant Development Name Gulf Access YN 0 Land Lease Amount 0 Lease Amount 5000 Lease Amount Frequency Monthly Lease Considered YN Yes Potential Short Sale YN Property Condition Resale Property Sub Type Retail Restrictions Sewer Septic Tank Tax Annual Amount 12108.79 Tax Year 2022 Utilities Electricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableSeptic AvailableTrash CollectionWater Available Zoning Description C-1A

Listing courtesy of Commercial Realty Specialists.


© 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively 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 is not guaranteed accurate by the MLS or Premier Sothebys International Realty. Data last updated 2024-06-21T07:23:57.917.
 
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7711 Collier Blvd. Suite 105
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