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7-Eleven & Wells Fargo ATM 2977A Cleveland Ave 3,010 SF 100% Leased Retail Building Fort Myers, FL 33901 $4,502,000 ($1,495.68/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Net Lease: 7-Eleven has 9+ years of base term remaining and six 5-year options with 10% increases every five years
- Bloom Residential Development: 336 units with 500+ estimated residents that will drive business to the 7-Eleven and ATM (see page 16)
- Bonus Depreciation: may allow investors to accelerate deductions and improve after-tax returns (consult your tax professional)
- Wells Fargo ATM Provides Additional Income Stream: The ATM lease creates a secondary, stable rent source from a nationally recognized credit tenant
- High-Traffic Corridor: Combined traffic counts of over 52,800 VPD
- Tax-Free Florida
EXECUTIVE SUMMARY
PROPERTY FACTS Under Contract
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
- -
- -
- -
For more than 135 years, ExxonMobil has been developing quality fuel products to get people where they need to go. From the early days of Standard Oil and Socony-Vacuum Oil, to the brands by which they are known today – Exxon, Mobil, and Esso – they are happy to have played a role in some of America’s most memorable journeys and hope to continue to be part of your journey for decades to come.
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- Finance and Insurance
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Wells Fargo is a leading global financial services company headquartered in San Francisco with hub offices in major cities across the United States. They are proud to serve many households and many of small businesses in the U.S. They provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through their reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo has office locations across the world to help their business customers succeed on an international scale. Outside of the U.S., they focus on providing banking services for large corporate, government and financial institution clients. They have worldwide expertise and services to help their customers improve earnings, manage risk, and develop opportunities in the global marketplace.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - | ||
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Finance and Insurance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-44-24-P1-0150A.0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,554,796 |
PROPERTY TAXES
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7-Eleven & Wells Fargo ATM | 2977A Cleveland Ave
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