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12148 S Cleveland Ave 10,348 SF Retail Building Fort Myers, FL 33907 $4,100,000 ($396.21/SF) 7.93% Cap Rate
Executive Summary
100% absolute triple net (NNN) lease. Highly improved, tenant-specific buildout makes it extremely costly for tenant to relocate at end of lease. High-traffic hard corner situated in a bustling commercial corridor. Large parking field striped for 123 parking. stalls parking ratio of 13.6 / 1,000 SF. Investors will be able to take advantage of
Florida's state income tax
Florida's state income tax
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,348 SF
Building Class
C
Year Built/Renovated
1977/2006
Price
$4,100,000
Price Per SF
$396.21
Cap Rate
7.93%
NOI
$325,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.58 AC
Zoning
C-1 - Commercial - Retail District
Parking
127 Spaces (12.27 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-45-24-00-00003.0100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,899,997 |
Property Taxes
Parcel Number
14-45-24-00-00003.0100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,899,997
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12148 S Cleveland Ave
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