NNN Retail Shopping Center 4434-4458 S Cleveland Ave 22,038 SF 100% Leased Retail Building Fort Myers, FL 33901 $7,784,091 CAD ($353.21 CAD/SF) 8.37% Cap Rate

APEX Capital Realty is proud to present an exceptional opportunity to acquire a newly renovated neighborhood shopping center located in a prime commercial area of Fort Myers. This property features 3 standalone multi-tenant buildings, totaling 22,038 RSF, situated on an expansive 2.1 Acre lot across from the popular Edison Mall. The property is strategically positioned on a hard corner along Cleveland Ave/Hwy US-41, in one of the busiest sub-markets of Fort Myers.
This investment opportunity is 100% occupied with a total of 13 tenants, all on NNN lease agreements. The current NOI is approximately $477,038. Recent capital improvements totaling $1.1M include a new roof, structural repairs, parking lot resurfacing, landscaping enhancements, upgraded lighting, common area updates, new HVAC systems, and more. Below-market lease rates represent the potential for increased income.