4434-4458 Cleveland Ave,FORT MYERS, FL 33901
FORT MYERS, FL 33901
Description
100% Leased NNN Retail Center - Fort Myers, FL $5,500,000 | ~9.7% Cap Rate | Stabilized NOI. Renovated, turn-key multi-tenant shopping center offering immediate cash flow and built-in upside. 22,170 SF on 2.1 acres (CI zoning) at signalized corner of Cleveland Ave & Colonial Blvd directly across from Edison Mall. 100% occupied by 13 NNN tenants (diversified: restaurants, salons, retail, services) zero vacancy exposure. Long-term leases with annual escalations + below-market rents = strong NOI growth potential. Surrounded by nationals (Wawa, Starbucks, Hooters, Best Buy) in high-traffic SWFL corridor. Triple-net structure = tenants handle taxes/insurance/maintenance - true passive income play. Perfect for 1031 buyers or capital seeking high-yield Florida retail.Cleveland Avenue Redevelopment Area :The property is located in the heart of the City of Fort Myers’ Cleveland Avenue Redevelopment Area, an active Community Redevelopment Agency (CRA) district spanning 614 acres along the US-41 corridor. Under the adopted 2025 Redevelopment Plan, the CRA is investing millions in streetscape improvements, placemaking, and infrastructure upgrades while offering property owners powerful incentives including up to 75% matching grants for façades, parking lots, lighting, landscaping, and signage, plus TIF funding, stormwater credits, and tax benefits. This ongoing public-private investment directly enhances visibility, tenant demand, and long-term property values along this high-traffic gateway providing built-in upside and future capital-expenditure support for stabilized assets like Regency Square Retail Center.
Details
| MLS # | 226012610 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 175 |
| Listing Provided By | Realty One Group MVP | Joanne Fultz |
Features
| Story(s) | 1 |
|---|---|
| Zoning | CI |
| Acreage | 2.10 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | No |
| Fireplace Yes / No | No |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Taxes
| Tax Annual Amount | 81097.14 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | FL |
|---|---|
| County | Lee |
| City | FORT MYERS |
| Zip Code | 33901 |
| Listing VS Median (in 33901) | |
Price: $5,500,000 low | high Med: $199,900 On site: 175 low | high Med: 89.5 | |
Market Activity 33901
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Learn More About This Property
| State | FL |
|---|---|
| County | Lee |
| City | FORT MYERS |
| Zip Code | 33901 |
| Listing VS Median (in 33901) | |
Price: $5,500,000 low | high Med: $199,900 On site: 175 low | high Med: 89.5 | |
