Taco Bell, a 1,814-square foot net-leased property at 12851 South Cleveland Avenue, Fort Myers, FL
FORT MYERS,
FL – Medefind Retail Group of Marcus & Millichap, a leading commercial real estate investment services
firm with offices throughout the United States and Canada, has announced the
sale of Taco Bell, an 1,814-square foot net-leased property located in Fort Myers, Fla.,
according to Chris Travis, sales manager of the firm’s Tampa office. The asset
sold for $2,260,000.
 |
| Jim Shiebler |
Jim Shiebler, James Garner and James Medefind, investment
specialists in Marcus & Millichap’s Tampa office, had the exclusive listing
to market the property on behalf of the seller, a private investor.
The buyer, a private investor, was secured and represented by the same brokers.
The buyer, a private investor, was secured and represented by the same brokers.
“We achieved a record price of $1,246 per ft. by generating
multiple offers through exposing the asset to thousands of U.S. and International
investors," stated Mr. Shiebler.
"This is another example of Medefind Retail team’s second to none commitment to the seller to identify and locate buyers by farming, sourcing and calling investors utilizing proven methodical strategies.
"The ultimate buyer
was attracted to the A+ location, the storied history of the site as one of the
first Taco Bell’s built in all of Southwest Florida and the proven and
successful franchisee."
"This is another example of Medefind Retail team’s second to none commitment to the seller to identify and locate buyers by farming, sourcing and calling investors utilizing proven methodical strategies.
 |
| James Garner |
Taco Bell is located at 12851 South Cleveland Avenue in Fort
Myers, Fla. Marcus & Millichap is
pleased to present Taco Bell Ft. Myers, a truly rare investment opportunity for
an investor to purchase a truly iconic brand and highly coveted nationally
recognized Quick Service Restaurant property in a burgeoning market.
This property has been successfully operating at this location since 1987 and is just the second Taco Bell to be built in Ft. Myers. This A+, high barrier to entry location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.
The property is ideally located on busy Cleveland Avenue (U.S. Highway 41),
just two parcels from the intersection of College Parkway, with multiple points
of ingress/egress and a combined daily traffic count of more than 94,000 cars.
Cleveland Avenue (U.S. Highway 41) and College Parkway are the two most trafficked arteries in all of Southwest Florida. Since College Parkway is one of only two bridges that connect Fort Myers to Cape Coral, the subject property benefits immensely from its close proximity to this high-profile intersection.
This property has been successfully operating at this location since 1987 and is just the second Taco Bell to be built in Ft. Myers. This A+, high barrier to entry location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.
 |
| James Medefind |
Cleveland Avenue (U.S. Highway 41) and College Parkway are the two most trafficked arteries in all of Southwest Florida. Since College Parkway is one of only two bridges that connect Fort Myers to Cape Coral, the subject property benefits immensely from its close proximity to this high-profile intersection.
CONTACTS:
Whitney Davis
Davis@marcusmillichap.com
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