Retail | 9.70% CAP | 22,170 SqFt 100% Leased NNN Retail Center – Fort Myers, FL $5,500,000 | ~9.7% Cap Rate | Stabilized NOI Renovated, turn-key multi-tenant shopping center offering immediate cash flow and built-in upside. 22,170 SF on 2.1 acres (CI zoning) at signalized corner of Cleveland Ave & Colonial Blvd — directly across from Edison Mall 100% occupied by 13 NNN tenants (diversified: restaurants, salons, retail, services) — zero vacancy exposure Long-term leases with annual escalations + below-market rents = strong NOI growth potential Surrounded by nationals (Wawa, Starbucks, Hooters, Best Buy) in high-traffic SWFL corridor Triple-net structure = tenants handle taxes/insurance/maintenance: true passive income play. Perfect for 1031 buyers or capital seeking high-yield Florida retail. Cleveland Avenue Redevelopment Area : The property is located in the heart of the City of Fort Myers’ Cleveland Avenue Redevelopment Area, an active Community Redevelopment Agency (CRA) district spanning 614 acres along the US-41 corridor. Under the adopted 2025 Redevelopment Plan, the CRA is investing millions in streetscape improvements, placemaking, and infrastructure upgrades while offering property owners powerful incentives including up to 75% matching grants for façades, parking lots, lighting, landscaping, and signage, plus TIF funding, stormwater credits, and tax benefits. This ongoing public-private investment directly enhances visibility, tenant demand, and long-term property values along this high-traffic gateway — providing built-in upside and future capital-expenditure support for stabilized assets like Regency Square Retail Center. Investment highlights: - 9.7% cap rate, stabilized 2025 NOI with immediate cash flow - 100% leased to 13 diversified NNN tenants - 22,170 SF on 2.1 acres of CI-zoned land at signalized hard corner directly across from Edison Mall with 96,000+ AADT Long-term leases with built-in escalations + below-market rents in a true triple-net structure — strong organic growth and minimal landlord responsibility CRA Redevelopment area provides built-in upside and future CapEx expenditure support