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Property Attributes
- MLS#223032736
- TypeCommercial
- CountyLEE
- CityNorth Fort Myers
- AreaFN06 - North Fort Myers Area
- Zip33903
- StyleRetail
- Year Built1974
- Taxes$ 12108
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1780
- Lot Size0.579 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
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
Price History | |
---|---|
4/28/2023 | Listed $2,825,000 |
3/27/2024 | 58% - $1,200,000 |
General Features
Sewer | SepticTank |
---|---|
Utilities | ElectricityAvailable,NaturalGasAvailable,PhoneAvailable,SewerAvailable,SepticAvailable,TrashCollection,WaterAvailable |
HOA | 0.0 |
Year Built | 1974 |
Property SubType | Retail |
Tax Year | 2022 |
Business Type | Restaurant |
Waterfront Features | None |
County | Lee |
New Construction | No |
Property Type | CommercialSale |
HOA / Comm Assn | No |
Attached Garage | No |
Garage Y/N | No |
Status | Active |
City | NORTH FORT MYERS |
Land Lease Amount | 0.0 |
View Y/N | No |
Senior Community Y/N | No |
Zoning Description | C-1A |
MLS Area | FN06 - North Fort Myers Area |
Lot Size Units | Acres |
Waterfront Y/N | No |
Carport Y/N | No |
Property Attached Y/N | No |
Land Lease Y/N | No |
Tax Annual Amount | 12108.79 |
Home Warranty Y/N | No |
Property Condition | Resale |
Lease Renewal Y/N | No |
Additional Parcels Y/N | No |
Lease Considered Y/N | Yes |
Rent Control Y/N | No |
Days on Market | 334 |
Standard Status | Active |
Property Sub Type Additional | Retail,Commercial |
MobileHomeRemainsYN | No |
Lease Amount | 5000.0 |
Lease Amount Frequency | Monthly |
PostalCity | NORTH FORT MYERS |
Legal Description | PARL IN SE 1/4 AS DESC OR 1896 PG 1019 |
Condo Fee | 0.0 |
Interior Features
Total Stories | 1 |
---|---|
Basement (Y/N) | No |
Air Conditioning Y/N | Yes |
Heating Y/N | No |
Fireplace Y/N | No |
Electric On Property Y/N | No |
Exterior Features
Lot Size Area | 0.579 |
---|---|
Horses | No |
Spa | No |
Irrigation/Water Rights | No |
Building Area Total | 1780.0 |
Lot Size Acres | 0.579 |
Lot Size Source | Plans |
Covered Spaces | 0.0 |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool