For Sale
$2,725,920

11940 Fairway Lakes DrFort Myers, FL 33913

Four-Tenant Net Lease Restaurant

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a four-tenant, 9,760 square foot restaurant portfolio located at 11940 Fairway Lakes Dr, Fort Myers, FL 33913. The property, built in 1993, sits on a 1.09-acre lot and is zoned PUD. The single-story, Class B building boasts 100% occupancy with a strong tenant mix, all operating under a triple-net (NNN) lease structure. Each lease includes a favorable 5% annual escalation clause, aligning with current inflationary trends. The asking price is $2,725,920, translating to a price per square foot of $279.30. The property features ample parking and prominent signage at the entrance, ensuring high visibility for the tenants. The building is well-maintained, with no significant deferred maintenance issues reported. Consistent on-time rent payments from all four tenants demonstrate the stability and reliability of this investment. This is a turnkey opportunity for a savvy investor seeking a strong, cash-flowing asset in a desirable location. The property offers a compelling 7.5% capitalization rate. The six units are spread across the single building.

Highlights

  • $2,725,920 asking price for a 9,760 SF retail property.
  • Net lease investment opportunity with a 7.5% cap rate.
  • Four tenants in a multi-tenant building with 100% occupancy.
  • Located at 11940 Fairway Lakes Dr, Fort Myers, FL 33913 on a 1.09-acre lot.
  • Class B, single-story building built in 1993 with PUD zoning.
  • $279.30 price per square foot.

Property Details for 11940 Fairway Lakes Dr

Property type
Retail properties, Restaurants
Square Feet
9,760 SF
Class
B
Year Built
1993
Buildings
1
Stories
1
Lot Size (sq. ft)
47,480 SF
Units
6

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.5706962
Longitude
-81.7512269
11940 Fairway Lakes Dr, Fort Myers, Florida

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11940 Fairway Lakes Dr
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