2977A Cleveland Ave - Convenience Store FOR SALE


Fort Myers, FL 33901- Palms
$4,502,000 USD
415-509-6276
2977A Cleveland Ave, Fort Myers, FL for Sale
$4,502,000 USD
Convenience Store - FOR SALE
1/7
null | 5.35% Cap Rate

2977A Cleveland Ave
Fort Myers, FL 33901
Palms


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
  • Wells Fargo ATM Provides Additional Income Stream: The ATM lease creates a secondary, stable rent source from a nationally recognized credit tenant
  • Bloom Residential Development: 336 units with 500+ estimated residents that will drive business to the 7-Eleven and ATM (see page 16)
  • High-Traffic Corridor: Combined traffic counts of over 52,800 VPD
  • Bonus Depreciation: may allow investors to accelerate deductions and improve after-tax returns (consult your tax professional)
  • Tax-Free Florida

OVERVIEW

The offering includes a high-performing 7-Eleven convenience store with Mobil-branded gas and a Wells Fargo ATM. The asset is located in desirable Fort Myers, Florida, at a high-visibility intersection with ~53K vehicles per day, surrounded by national retailers and residential developments.

FOR SALE DETAILS

PRICE

$4,502,000 USD

PRICE/SF

$1,286 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven & Wells Fargo ATM

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Bank, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

-

APN/PARCEL ID

25-44-24-P1-0150A.0010

ASK ABOUT THIS PROPERTY

David KramCP Partners CREMore Info
415-509-6276

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David KramCP Partners CREMore Info
415-509-6276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.