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12995 South Cleveland Avenue
Fort Myers, FL 33907
Asking Price
$2.25M
Asset Type
Restaurant Retail
Class
Class B
What's Special
Lee County Mall Outparcel Restaurant <ul><li>47,000+ VPD on one of Lee County's busiest corridor</li><li>Population 215K+, growing 3–4%/yr —FL's 8th largest city</li><li>Owner retiring | Turnkey: full kitchen, bar, banquet room, FF&E available</li><li>C-Commercial zoning: restaurant, retail, office, medical permitted</li><li>7++ Figure Revenue based on 5 Day - 20 Hour work week (Great upside growth opportunity)</li></ul>
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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268
