14071 N Cleveland Ave - Fast Food FOR SALE
North Fort Myers, FL 33903 |
$1,527,273 USD
301-233-4713
14071 N Cleveland Ave
North Fort Myers, FL 33903
HIGHLIGHTS
- High-Exposure U.S. Route 41 Corridor: Strategically located directly along Cleveland Avenue/U.S. Route 41, a primary north-south artery in SW Florida
- Below-Market Rent with Future Upside: Current lease terms are favorably below prevailing market averages for the corridor
- Established Retail Trade Area: Positioned within a dense commercial corridor surrounded by major national and regional retailers
- Experienced Dunkin’ Operator with Strong Sales: Operated by a nationally recognized Dunkin’ franchisee with more than 100+ locations
- Florida Tax Advantage: Florida’s absence of state income tax may enhance after-tax investor yield
- Percentage Rent Upside: Lease includes percentage rent tied to store performance, providing additional income potential
FOR SALE DETAILS
PRICE
$1,527,273 USD
PRICE/SF
$780 USD /SF
CAP RATE
5.76%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dunkin Donuts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.81 AC
LAND SF
35,466 SF
ZONING
-
APN/PARCEL ID
03-44-24-00-00030.0000
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301-233-4713
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301-233-4713
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