13160 N Cleveland Avenue North Fort Myers, FL $ 1,200,000
13160 N Cleveland Avenue
$ 1,200,000
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13160 N Cleveland Avenue

North Fort Myers, FL, 33903
$ 1,200,000
Baths0.0 Sq 1,780

Monthly Estimate*

$ 8,382

13160 N Cleveland Avenue, North Fort Myers, FL 33903 - Image 1
13160 N Cleveland Avenue, North Fort Myers, FL 33903 - Image 2
13160 N Cleveland Avenue, North Fort Myers, FL 33903 - Image 3
13160 N Cleveland Avenue, North Fort Myers, FL 33903 - Image 4
Studio

Commercial Property for sale in North Fort Myers, FL

for $1,200,000. This 1,780 square foot building was built in 1974 on a lot size of 0.579.

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

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,108

Style

Retail

Lot Size

0.579

Year Built

1974

Town/City

North Fort Myers

County/Region

Lee

MLS | Web ID

223032736

Features
General
Sewer Septic Tank
Utilities Electricity Available Natural Gas Available Phone Available Sewer Available Septic Available Trash Collection Water Available
Condo Fee 0.00 0
HOA 0
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%
Land Lease Amount 0
Zoning Description C-1A
MLS Area FN06 - North Fort Myers Area
Waterfront Y/N 0
Street Name Cleveland
Tax Annual Amount 12108.79
Property Condition Resale
Lease Considered Y/N 1
Days on Market 334
Standard Status Active
Property Sub Type Additional Retail Commercial
Lease Amount 5000
Lease Amount Frequency Monthly
Legal Description PARL IN SE 1/4 AS DESC OR 1896 PG 1019
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Exterior
Lot Size Area 0.579
Building Area Total 1780
Lot Size Acres 0.579
Lot Size Units Acres
Lot Size Source Plans
Covered Spaces 0
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Interior
Total Stories 1
Air Conditioning Y/N 1
Street Suffix Avenue
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* Excluded Features
List By
Bruce Preble

Listing Agent

Commercial Realty Specialists

Broker

brucepreble@aol.com

Email

Affordability Calculator

$9,391
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,382
Monthly Property Taxes
$1,009
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
1023546 Elementary School
1023297 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2024$1,200,000 -57.52% Price Down
4/28/2023$2,825,000 Listed Price

Map


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13160 N Cleveland Avenue, North Fort Myers, FL, 33903 is a Commercial Property for sale at $1,200,000 with 1,780 sqft and a lot size of 0.579. 13160 N Cleveland Avenue is a studio with 0.0 baths and was built in 1974. The property's zip code is 33903 which is in North Fort Myers, FL