13160 N Cleveland Avenue
North Fort Myers Fl 33903
0.58 Acres $1,200,000
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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
13160 N Cleveland Avenue
North Fort Myers Fl 33903
$1,200,000
- Lee County
- Date updated: 01/05/2025
Features
| Lot Size: | 0.58 acres |
| Year Built: | 1974 |
| Pool: |
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| Roof: |
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| Property Type: | Commercial |
| Taxes: | $12,109 |
FGCMLS #223032736 | |
Listing Courtesy Of: Bruce Preble, Commercial Realty Specialists
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Properties marked with the FGCMLS are provided courtesy of The Florida Gulf Coast Multiple Listing Service, Inc.
Properties marked with the SANCAP are provided courtesy of Sanibel & Captiva Islands Association of REALTORS®, Inc.