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    FOR LEASE
    Turn key restaurants

    13499 S Cleveland Ave, Fort Myers, FL 33907

    39,681 SF 45.28 ac lot Built 1996
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US18-4630580
    Property summary
    AI-generated overview

    Bell Tower, a Class A, 365,000 square foot shopping center in Fort Myers, Florida, presents a unique investment opportunity. Located at 13499 S Cleveland Avenue, in Lee County (zip code 33907), this vibrant, open-air promenade center boasts a prime location at the intersection of US 41 and Daniels Parkway. The property underwent extensive renovations in 2019, resulting in a contemporary design with lush landscaping. Currently, there are 11 available spaces ranging from 1,025 to 10,366 contiguous square feet, with a total of 43,681 square feet currently vacant. The minimum divisible space is 1,025 square feet, while the maximum contiguous space available is 9,834 square feet. Bell Tower offers a diverse tenant mix, including specialty shops, lifestyle services, fitness options, unique restaurants, and entertainment venues. Recent additions include La Ola Surfside Restaurant, McGregor’s Public House, and The Capital Grille, with Nordstrom Rack and Tap 42 coming soon. This thriving center provides an exceptional opportunity for businesses seeking high visibility and access to a significant consumer base in a rapidly growing market. The property's modern design and convenient location make it an ideal destination for shoppers and businesses alike.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1996
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 39,681 SF
    Lot 45.28 ac (1,972,441 SF)
    Zoning code C-1 C-1
    APN 24-45-24-00-00005.1000
    UPID US18-4630580
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Gale's Gifts (Bike/Boat/Book/etc) Store
    • Noire the nail bar - bell tower shop Nail Salon
    • DaRuMa Japanese Steakhouse and Sushi Lounge Restaurant
    • Davy Jones Beach Shop Beach Clothing Store
    • Ice Spot Grocery & Convenience Store Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $22.48M
    Owner & transaction history
    Bell Tower Shops LLC · 21 yrs held
    Bell Tower Shops LLC
    since 2004
    2 recorded transactions
    2004
    $72.0M
    2002
    $2.6M
    Zoning & alternative use
    C-1 C-1 · Fort Myers, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $29.0M +17.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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