Property Listing No Longer Available for Sale

8389 Dani Drive, Fort Myers, FL

Retail for Sale - $2,578,877 - 2,809 Sq. Ft. on 38289 acres


Property Info

CIMLS#617536
Location
  8389 Dani Drive
  Fort Myers FL 33966
UpdatedAugust 28th, 2013
TypeRetail
Price$2,578,877
Building2,809 Sq. Ft.
Land38289 acres

Property Description

Established Taco Bell franchisee with 1.75% annual increases. Excellent store sale history and still increasing!! Original 15 Year NNN Lease that commenced on 1/9/2008 with four 5 year options. Tenant, Coastal QSR operates over 45 YUM Brand concepts in Florida and is a subsidiary company of Prometheus who is the largest Taco Bell franchisee in Florida with 142 locations.

Location Description:

Directly on Colonial Boulevard fronting a Lowe's with 75,000 daily traffic. Approximately 1/8th of a mile from I-75 interchange.

Highlights:

>> Original 15 Year NNN

>> Annual Increases - 1.75%

>> 10 Years From January 9, 2013 Remaining on Lease

>> Four 5 Year Options with 1.75% Annual Increases

>> NOI For 2013 - $167,627

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Financials

Cash at Closing

Sales Info:

>> Cap rate: 6.5%

>> Commision split: 2.0%

>> NOI: $167627