13860 N Cleveland Avenue - North Fort Myers , FL 33903

Listing Price:	$4,800,000
CAP Rate:	6.74%
Proforma CAP Rate:	8.57%
Lot Size:	3.82 Acres
Price per SF:	$136.71
Year Built:	1974
Rentable SF:	35,110 SF

INVESTMENT HIGHLIGHTS

• 35,110 square foot shopping center anchored by Harbor Freight and Pet Supermarket and shadow anchored by a high-volume Big Lots
• Offering includes a free-standing Wendy’s outparcel with drive-thru
• Attractively priced at $136 per square foot
• Immediate upside through lease-up of two small-bay vacancies
• Long-standing tenure at this location for Wendy’s (42 years) and Pet Supermarket (22 years), both have exercised multiple renewal options
• High volume locations for Pet Supermarket based on store sales and Harbor Freight based on placer.ai foot traffic data
• Long-term upside due to below market rents for Wendy’s, Pet Supermarket and a nail salon

LOCATION HIGHLIGHTS

• Located on US Highway 41 with direct access to Pondella Road - combined traffic count of 57,000 vehicles per day
• Adjacent to 29 Acre Site which Just Sold for Development of 320 Brand New Garden-Style Apartments
• Just across the bridge from downtown Fort Myers
• Population has grown by 18% in the past five years and there are several new developments in the immediate area