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$ 2,825,000
Est. payment | /mo
1,780 SqFt
$ 2,825,000
Est. payment | /mo
1,780 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,780 sqft
Price per Sqft $1,587
MLS Listing ID 223032736
Construction Status Resale Property
Year Built 1974
Annual Tax Amount $12,108
Tax Year 2022
Lot Size 0.579 Acres
Property Description
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
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
Location
State FL
County Lee
Area Fn06 - North Fort Myers Area
Zoning C-1A
Exterior
Utilities Available Electric, Gas, Phone Line, Septic, Sewer, Trash Removal, Water
Waterfront Description None
Private Pool No
Building
Story 1
Construction Status Resale Property
Listed by Commercial Realty Specialists
Schools and Properties Nearby
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