11940 Fairway Lakes Dr Fort Myers, FL 33913
- Retail properties
- 9,760 SF
- 1.09 lot acres
Current Use by Public Records
- Eddie's Salon Suites / Eyebrow Bar / Nail Salon
- Beauty By Ashley LLC / Nail Salon / Eyebrow Bar
- Hair By Kendra / Hair Salon
- T’s Skin Therapy / Skin Care Clinic
- Shearly Polished / Barber Shop
Property Details for 11940 Fairway Lakes Dr
- Year built
- 1993
- Lot size
- 1.09 lot acres
- Property size
- 9,760 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.7512
- Latitude
- 26.5707
