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PDQ 12499 S Cleveland Ave 4,668 SF Retail Building Fort Myers, FL 33907 $3,400,000 ($728.36/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

2015 Build to Suit for PDQ | 4,295-SF Building on Large +/-1.31 Acre Parcel | 4+ Years Remaining on Absolute Net Lease | No Landlord Responsibilities
Property Features a Lit Pylon Sign, Drive Thru, Expanded Dining Room Seating and a Large, Lighted Parking Lot With 55 Spaces | Three Points of Ingress
Located in a Dense Office, Residential and Retail Corridor Along US-41, a Main Traffic Thoroughfare into Downtown Fort Myers

5% Rental Increases in Each of Eight, 5-Year Renewal Options | Corporately Guaranteed Lease
High Visibility Along S Cleveland Ave/S Tamiami Trl With a Dedicated Turn Lane From Both Traffic Directions, Seeing a 53,000 Vehicles Per Day
Proximity to Multiple National Tenants Including Walgreens, 7-Eleven, Wells Fargo, McDonald’s, Double Tree, Homewood Suites, Dave & Busters, and More

EXECUTIVE SUMMARY

PDQ Chicken | Absolute NNN | Dense Office/Retail Corridor

PDQ - Ft Myers, FL OM (1)

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

Build to Suit

Property Type

Retail

Property Subtype

Fast Food

Building Size

4,668 SF

Building Class

B

Year Built

2015

Price

$3,400,000

Price Per SF

$728.36

Cap Rate

6%

NOI

$204,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

1.31 AC

Zoning

C-2 - General Commercial

Parking

55 Spaces (11.78 Spaces per 1,000 SF Leased)

Frontage

147’ on South Cleveland Avenue

Air Conditioning

1 1

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Walk Score®

Very Walkable (82)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

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, Transit Score® & Bike Score?

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of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	13-45-24-01-00002.0200	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$3,483,853

PROPERTY TAXES

Parcel Number

13-45-24-01-00002.0200

Land Assessment

$0

Improvements Assessment

$0

Total Assessment

$3,483,853

(513) 325-8682

CONTACTS

Darpan Patel
Quinn Ryan
Dan Yozwiak
Sam Elyassaki
Peter Sibicky
Paige Bucheit
Marcus & Millichap

Listing ID: 37883500
Date on Market: 9/30/2025
Last Updated:
Address: 12499 S Cleveland Ave, Fort Myers, FL 33907

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