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Property profile & analytics
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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