13160 N Cleveland Avenue $1,200,000
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
General Amenities
- Lot Acres
- 0.58
- Year Built
- 1974
13160 N Cleveland Avenue
NORTH FORT MYERS, Florida 33903
United States
NORTH FORT MYERS, Florida 33903
United States
County: Lee
Sale Type: For Sale
Ref #: 223032736
Category: Commercial
Listed by Commercial Realty Specialists on Friday, 28 April 2023 [For Sale]
- Lot Acres
- 0.58
- Year Built
- 1974
- Lot Acres
- 0.58
- Year Built
- 1974
13160 N Cleveland Avenue
NORTH FORT MYERS, Florida 33903
United States
NORTH FORT MYERS, Florida 33903
United States
County: Lee
Sale Type: For Sale
Ref #: 223032736
Category: Commercial
Listed by Commercial Realty Specialists on Friday, 28 April 2023 [For Sale]