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3412 S Cleveland Ave 1,220 SF Retail Building Fort Myers, FL 33901 $709,818 ($581.82/SF) 5.50% Cap Rate
Investment Highlights
- New 15-Year Lease: Sale-leaseback structure with a freshly executed 15-year lease, demonstrating long-term tenant commitment
- Strong Market Growth: US-41 corridor continues to expand, with 1,000+ multifamily units under development from Downtown Fort Myers to Edison Mall
- Experienced Operator: Coastal City Pizza LLC is led by Wade Oney, who operates 100+ units across multiple restaurant concepts
Executive Summary
• New 15-Year Lease: Sale-leaseback structure with a freshly executed 15-year lease, demonstrating long-term tenant commitment
• Experienced Operator: Coastal City Pizza LLC is led by Wade Oney, who operates 100+ units across multiple restaurant concepts
• Strong Market Growth: US-41 corridor continues to expand, with 1,000+ multifamily units under development from Downtown Fort Myers to Edison Mall
• High Traffic Exposure: Approximately 42,000 vehicles per day
• Experienced Operator: Coastal City Pizza LLC is led by Wade Oney, who operates 100+ units across multiple restaurant concepts
• Strong Market Growth: US-41 corridor continues to expand, with 1,000+ multifamily units under development from Downtown Fort Myers to Edison Mall
• High Traffic Exposure: Approximately 42,000 vehicles per day
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,220 SF
Building Class
C
Year Built
1969
Price
$709,818
Price Per SF
$581.82
Cap Rate
5.50%
NOI
$39,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.36 AC
Zoning
C1
Parking
11 Spaces (9.62 Spaces per 1,000 SF Leased)
Frontage
52’ on Cleveland
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-44-24-P3-01501.0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $458,392 |
Property Taxes
Parcel Number
26-44-24-P3-01501.0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$458,392
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