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14071 N Cleveland Ave, North Fort Myers, FL, 33903

Dunkin Donuts
$1,527,273

Key Information

Cap Rate
5.76%
$ per SF
$780
Tot. SF
1,957
Lot Size
0.81 Acres
Year Built
2005
Term Remaining
± 4.4 Years
Type
Retail
Occupancy
100%
NOI
$88,043

Highlights

  • High-Exposure U.S. Route 41 Corridor: Strategically located directly along Cleveland Avenue/U.S. Route 41, a primary north-south artery in Southwest Florida with traffic counts exceeding 30,000 vehicles per day, providing strong visibility and convenient access.
  • Below-Market Rent with Future Upside: Current lease terms are favorably below prevailing market averages for the corridor, creating potential upside through future rental growth and enhanced long-term returns.
  • Established Retail Trade Area: Positioned within a dense commercial corridor surrounded by major national and regional retailers, including Walmart, Walgreens, McDonald’s, Taco Bell, and The Home Depot, supporting consistent consumer traffic.
  • Experienced Dunkin’ Operator with Strong Sales: Operated by a nationally recognized Dunkin’ franchisee with more than 100+ locations, demonstrating operational strength, brand expertise, and long-term commitment.
  • Florida Tax Advantage: Florida’s absence of state income tax may enhance after-tax investor yield.
  • Percentage Rent Upside: Lease includes percentage rent tied to store performance, providing additional income potential and a hedge against inflation. The property reported strong historical sales of approximately $1.08M in 2023, $912K in 2024, and $1.03M in 2025, with an overall average of approximately $81K/month.

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Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203