Sale/Leaseback on US 41 | 7.1% CAP Rate
SOLD September 2023 for $815,000
3630 Cleveland Avenue, Fort Myers, Florida 33901
| Building Size | 4,448 Square Feet |
| Land Size | 1.03 Acres |
| Zoning | CI |
| Year Built | 1965 |
This is a Sale/Leaseback, the tenant is a bicycle business established in 1996. Year one base rent is $13.00 PSF, OpEx not to exceed $4.00 PSF, and an initial 5-year term with a 5-year renewal option for long-term stability. Prime US 41 frontage provides high visibility along Cleveland Avenue (US 41), one of Fort Myers’ major thoroughfares. The sale includes the 4,448± SF building with 2 intermodal storage units on a 0.71± acre corner, and a contiguous 0.32± acre lot zoned RM-16 which offers potential for expansion, development or resale.
Agent
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.