The asset is a one-story, free-standing, sit-down restaurant facility located in a prime location within Fort Myers, Florida. The property is located just off Daniels Parkway, also having frontage along the southbound exit ramp from I-75 at Daniels Parkway. The parcel is currently zoned CPD (Commercial Planned Development) under the zoning ordinances of Lee County and is designated General Interchange under the Lee County Future Land Use Plan. The parcel is serviced with full utilities. Tenant: Regional Restaurant with 5 total locations in SWFL. Triple Net Lease with a 7.26% CAP RATE.
In the immediate vicinity of the property are dozens of restaurants as the Daniels Parkway exit of I-75 is one of Fort Myers' busiest. Other restaurants in the immediate vicinity include McDonald' s, Wendy' s, Taco Bell, Subway, Denny' s, Waffle House, Burger King, and an Arby' s. Additionally, due to the high traffic volume of the Daniels Parkway exit, there are several flagged hotels that are in the immediate vicinity.