North Fort Myers, FL 33903 13160 N Cleveland Avenue
$1,200,000
Presented By: Commercial Realty Specialists
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 1,780
Home Details
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
Presented By: Commercial Realty Specialists
Interior Features for 13160 N Cleveland Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories1
General for 13160 N Cleveland Avenue
Additional Parcels Y/NNo
Attached Garage No
Business TypeRestaurant
Carport Y/NNo
CityNORTH FORT MYERS
Condo Fee0.0
CountyLee
Days on Market334
Electric On Property Y/NNo
Garage Y/NNo
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Amount0.0
Land Lease Y/NNo
Lease Amount5000.0
Lease Amount FrequencyMonthly
Lease Considered Y/NYes
Lease Renewal Y/NNo
Legal DescriptionPARL IN SE 1/4 AS DESC OR 1896 PG 1019
Lot Size UnitsAcres
MLS AreaFN06 - North Fort Myers Area
MobileHomeRemainsYNNo
New ConstructionNo
PostalCityNORTH FORT MYERS
Property ConditionResale
Property Sub Type AdditionalRetail, Commercial
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTank
Standard StatusActive
StatusActive
Tax Annual Amount12108.79
Tax Year2022
UtilitiesElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, SepticAvailable, TrashCollection, WaterAvailable
View Y/NNo
Waterfront FeaturesNone
Waterfront Y/NNo
Year Built1974
Zoning DescriptionC-1A
Exterior for 13160 N Cleveland Avenue
Building Area Total1780.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
HorsesN
Irrigation Water Rights Y/NNo
Irrigation/Water RightsN
Lot Size Acres0.579
Lot Size Area0.579
Lot Size SourcePlans
Open Parking Y/NNo
SpaNo
Additional Details
Price History
