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3412 S Cleveland Ave 1,220 SF Retail Building Fort Myers, FL 33901 $987,563 CAD ($809.48 CAD/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
$987,563 CAD
Price Per SF
$809.48 CAD
Cap Rate
5.50%
NOI
$54,316 CAD
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
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-44-24-P3-01501.0090 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $637,756 CAD |
Property Taxes
Parcel Number
26-44-24-P3-01501.0090
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$637,756 CAD
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3412 S Cleveland Ave
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