Total Square Feet
±1,974 SF
Asking Price
$3,442,380
NOI
$172,119
Fort Myers, Florida
Total Square Feet
±1,974 SF
Asking Price
$3,442,380
NOI
$172,119
No Landlord Responsibilities - STRONG OPERATING HISTORY
• Absolute NNN lease structure means the tenant is responsible for all expenses, including HVAC and roof repairs & maintenance
• Exercised 5-year option with increase in 2025 further illustrating the strength of the location
• 5.5 years of term remaining with two (2) additional 5-year options to extend
• The option periods include 8% rental increases at the beginning of each 5-year option
NATIONAL TENANT
• Taco Bell is a fast-food restaurant that specializes in Mexican-inspired cuisine. Founded in 1962, Taco Bell has grown to become one of the largest fast-food chains in the world, with thousands of locations across the United States and in several other countries
• Coastal QSR, LLC is a YUM! Brands franchisee that operates 56 Taco Bell restaurants throughout Florida. The Company is one of the top 20 Taco Bell franchisees based on restaurant count and is the dominant Taco Bell franchisee in most of its primary markets, including Ft. Myers and West Palm Beach
• The tenant, Coastal QSR, LLC is a wholly owned subsidiary of one of the largest Taco Bell franchise groups (Prometheus Partners) in the United States with 190 Taco Bell and 50 IHOP locations
STRATEGIC LOCATION
• Located in Fort Myers, one of the fastest growing regions in the country over the last decade (no state income tax)
• The asset is located on southside of Daniels Parkway, a primary retail thoroughfare in Fort Myers, FL with an AADT of 62,000
• The property is located 0.2 miles from I-75, 2 miles from Southwest Florida International Airport (RSW), and 5 miles from FGCU, the primary university in Fort Myers, FL with over 15,000 students enrolled
Desirable Demographics
• 29,749 population within a 3-mile radius
• $232,496 average household income within a 1-mile radius
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