13251 Cleveland Ave, North Fort Myers, FL 33903 | MLS 218047304 | Listing Information | Don Droke | BHHS Florida Realty
Don Droke

Sales Professional
Cell: (239) 770-3002
Office: (239) 770-3002
dondroke@BHHSfloridarealty.net
Designations: Golf Community Specialist
 

13251 Cleveland Ave,  North Fort Myers FL, 33903

Status: Active
MLS#: 218047304
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Last Updated: 8/17/2018 7:11 PM
Description for 13251 Cleveland Ave North Fort Myers, FL 33903
Well Established Charter School in North Fort Myers occupies this 5,000 square foot building on busy Hwy 41 in North Fort Myers with a NNN lease. For the savvy investor this 7% cap rate investment is a great addition to your portfolio. The existing 5 year lease has just started its 4th year with the lease rising $1.00 sq ft the 5th year and the Charter School has (2) 5 year options to renew at a 3% escalation per year. The lot size of 1.5 acres allows for the charter school to grow and continue to occupy this great location. All items such as roof (2008) along with AC systems, plumbing and electrical are in great condition and being maintained on a regular basis. The zoning of this property allows for many other uses such as restaurant, retail, etc. & is the perfect long term investment in an ever growing North Fort Myers area. Just a short drive to Downtown Fort Myers and the Marina area, Historic District and River Front shopping and dining. This area of North Fort Myers is expected to grow rapidly over the next 2 years making this a great building & land investment for the future. This charter school is a division of the larger City of Palms Charter High School in Fort Myers.
Price
$780,000
Lee
218047304
Active
Description
Well Established Charter School in North Fort Myers occupies this 5,000 square foot building on busy Hwy 41 in North Fort Myers with a NNN lease. For the savvy investor this 7% cap rate investment is a great addition to your portfolio. The existing 5 year lease has just started its 4th year with the lease rising $1.00 sq ft the 5th year and the Charter School has (2) 5 year options to renew at a 3% escalation per year. The lot size of 1.5 acres allows for the charter school to grow and continue to occupy this great location. All items such as roof (2008) along with AC systems, plumbing and electrical are in great condition and being maintained on a regular basis. The zoning of this property allows for many other uses such as restaurant, retail, etc. & is the perfect long term investment in an ever growing North Fort Myers area. Just a short drive to Downtown Fort Myers and the Marina area, Historic District and River Front shopping and dining. This area of North Fort Myers is expected to grow rapidly over the next 2 years making this a great building & land investment for the future. This charter school is a division of the larger City of Palms Charter High School in Fort Myers.
Listing Information
Property Type: General Commercial, Other
1.47 Acres 1986
Neighborhood
Room Information
Exterior / Lot Features
None
Financial Considerations
11-44-24-00-00017.3070
$136
2017
Market Trends and Price History
Listing Price History

North Fort Myers Real Estate

North Fort Myers is located in Florida. North Fort Myers, Florida 33903 has a population of 39,143.

The median household income in North Fort Myers, Florida 33903 is $38,598. The median household income for the surrounding county is $47,908 compared to the national median of $53,482. The median age of people living in North Fort Myers 33903 is 63.3 years.

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Courtesy: Berkshire Hathaway Florida
This content last refreshed on 8/17/2018 7:11 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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