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Pinebrook Park 12995 S Cleveland Ave 130,718 SF 89% Leased Retail Building Fort Myers, FL 33907 $26,500,000 ($202.73/SF)



Investment Highlights
- Value-Add Opportunity: In-place rents average just $14.96 PSF, well below market rates, offering significant mark-to-market upside.
- Strategic Vacancy: 88.5% occupancy with select office suites held vacant to support a comprehensive renovation strategy.
- NNN Lease Structure: 76% of GLA leased on a NNN basis, minimizing landlord responsibilities and enhancing net cash flow.
- Short Lease Terms: 38% of GLA has no renewal options and WALT is just 2.4 years, enabling rapid rental growth and repositioning.
- Renovation Upside: Renovations underway targeting office rents of $50+ PSF, driving meaningful NOI growth.
- Redevelopment Potential: Large ±130,718 SF center on ±8.72 acres offers substantial leasing flexibility and long-term redevelopment options.
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Atrium
- Bus Line
- Courtyard
- Food Court
- Pylon Sign
- Signage
- Balcony
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dress for Success of SWFL, Inc
- -
- -
- $8.32
- Modified Gross
- Mar 2023
Explore your spiritual nature as Soul, awaken insights from your past lives, dreams, and discover the potential to experience divine love and true spiritual freedom. Our local calendars offer various classes, discussions, Sound of Soul events, and more. Visit our activities and share experiences and questions with other seekers of truth.
When you’re suffering, you want relief— fast! And you need a team that knows what they’re doing and doesn’t drag their feet. Lucky for you, our foot care professionals are here to help. Whether you need to treat that infected toenail or remove painful bunions, you’ve come to the right place. Think of our doctors as your swiss army knife for all things foot care. We’ve got a specialist for nearly every pain— and a large network of dependable referrals we can rely on for the rest. Turn to a team you can trust, with the knowledge, expertise and resources to offer relief as quickly as possible.
Freedom Insurance Center has been one of the leading insurance agencies in Florida for over 20 years. We work with only the most reputable insurance companies and employ a team of dedicated insurance professionals. We're committed to providing quality insurance services, and working hard to maintain long term relationships with our clients.
- LAN XANG-LAO THAI VIETNAMESE DIM SUM LLC
- -
- -
- $27.00
- Triple Net
- Dec 2034
- Lee County Republican Executive Committee
- Public Administration
- -
- -
- Triple Net
- -
- Lee County Republican Executive Committee,Inc
- Public Administration
- -
- $9.00
- Triple Net
- May 2028
Millennium Physician Group is one of the largest independent physician groups in the U.S., providing value-based, patient-centered care across Florida and beyond. With hundreds of providers and locations, Millennium offers comprehensive primary and specialty care, walk-in centers, telehealth, and diagnostic services. The group is committed to delivering high-quality, affordable healthcare, supported by innovative technology and a patient-first approach. Millennium's CareConnect app enhances accessibility, ensuring seamless communication between patients and providers. As a leader in healthcare, Millennium partners with organizations to improve chronic disease management and preventive care. With a mission to keep communities healthy, Millennium Physician Group continues to expand its reach, setting new standards in modern healthcare delivery.
New World Defense & Fitness is a privately held fitness and self-defense training center based in Fort Myers, Florida. The company offers a range of programs that combine physical conditioning with practical self-defense techniques, including boxing, Krav Maga, and strength training. Its approach emphasizes both fitness and personal safety, catering to individuals seeking comprehensive wellness and defense skills. The organization operates from its primary location on Treeline Avenue and serves the local community with specialized classes designed for various skill levels. While the exact founding year is not publicly disclosed, the company has established itself as a niche provider within the fitness and martial arts sector. Leveraging modern training methodologies, New World Defense & Fitness integrates cardio and strength exercises with real-world defense strategies, positioning itself as a unique alternative to traditional gyms.
- OST, Inc.
- -
- -
- $9.00
- -
- Apr 2023
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dress for Success of SWFL, Inc | - | - | $8.32 | Modified Gross | Mar 2023 | |
|
Services | - | $8.11 | Modified Gross | May 2024 | |
|
Health Care and Social Assistance | - | $20.00 | Triple Net | Mar 2032 | |
|
Finance and Insurance | - | - | Modified Gross | - | |
| LAN XANG-LAO THAI VIETNAMESE DIM SUM LLC | - | - | $27.00 | Triple Net | Dec 2034 | |
| Lee County Republican Executive Committee | Public Administration | - | - | Triple Net | - | |
| Lee County Republican Executive Committee,Inc | Public Administration | - | $9.00 | Triple Net | May 2028 | |
|
Health Care and Social Assistance | - | - | - | - | |
|
Arts, Entertainment, and Recreation | - | - | - | - | |
| OST, Inc. | - | - | $9.00 | - | Apr 2023 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-45-24-00-00005.002C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,839,385 |
Property Taxes
Presented by
Pinebrook Park | 12995 S Cleveland Ave
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