Taco Bell & Long John Silver’s Absolute Net Lease

8389 Dani Dr, Fort Myers, FL 33966, USA
$3,438,857

Description

Marcus & Millichap is pleased to present this Taco Bell & Long John Silver’s located at 8389 Dani Drive, Fort Myers, Florida. The subject property consists of a 2,809 square foot freestanding building on a 0.88-acre parcel of land. Strategically located just off Interstate 75 entrance / exit wrap on Colonial Boulevard in a Lowe’s anchored shopping center, the building has complete street-level exposure to approximately 81,659 vehicles per day and accessibility to 93,000 vehicles per day on Intersate-75. The absolute net lease is guaranteed by Coastal QSR, the largest Taco Bell franchise operator in Florida. The lease offers attractive rent increases of 1.75 percent annually, providing the Landlord with a hedge against inflation.
Cross-traffic from shopping center’s attractive tenant mix brings in foot traffic from approximately 200,000+ visitors per month. The immediate trade area is home to top national retailers, including Lowes, TJ Maxx, McDonalds, Tesla, Home Depot, Publix, Bealls, Hobby Lobby, Chick-fil-A, Starbucks, Chipotle, BJ’s Wholesale Club, and many others. The S Fort Myers/San Carlos Submarket of Florida offers access to a dense population of over 100,000 within a 5-mile radius with consumer spending of $1.4 billion within a 5-mile radius. Food and Alcohol account for over $406 million in consumer spending within a 5-mile radius. The restaurant receives approximately 11,000 visitors per month. The typical consumer persona visiting the immediate trade area has an average income of $75,000 to $90,000.
Taco Bell is the world’s leading Mexican-style quick service restaurant chain, serving almost 3 billion consumers each year in more than 7,072 restaurants in the United States. It is an American chain of fast-food restaurants based in Irvine, California. A subsidiary of YUM! Brands, Inc., serving American adapted Mexican food, over 93 percent of Taco Bell restaurants are owned and operated by independent franchisees.
Long John Silver’s LLC (also formerly known as Long John Silver’s Seafood Shop and sometimes abbreviated as LJS) is an American fast food restaurant chain that specializes in seafood. The brand’s name is derived from the novel Treasure Island by Robert Louis Stevenson, in which the pirate Long John Silver is one of the main characters. Formerly a division of Yum! Brands, Inc.,
the company was divested to a group of franchisees in September 2011, and is now 80 percent franchise owned.

  • Absolute Net Lease – No Landlord Responsibilities
  • Guaranteed by Largest Operator in Florida
  • Strong Historic Sales Above National Unit Average
  • High Traffic Retail Corridor 81,659K VPD
  • Directly Off I-75 Entrance/Exit Ramp
  • Access to Dense Population – 51,325 within 5-Mile radius
  • Coastal QSR Holdings, LLC is One of the Top 20 Taco Bell Franchisees in the United States
  • Outparcel to Lowe’s Anchored Shopping Center
  • Ideally Located in the Heart of Dense Retail Corridor with Publix, TJ Maxx, Home Depot, BJ’s and Many Other National Tenants
  • Fort Myers Population has Increased 55.45% Since 2010 and Is Currently Growing at a Rate of 5.3% Annually
  • Planned Reimage Renovation within 5-Years as Per Franchise Requirements
  • Strong Demographics High Avg Household Income
  • Florida is an Income Tax Free State

Property Documents

  • TacoBell-LJS-Fort-Myers-FL-om-ib
  • City: Fort Myers
  • State/county: Florida
  • Zip/Postal Code: 33966
  • Country: United States

Detail

  • Price: $3,438,857
  • Year Built: 2005

Additional details

  • CAP RATE: 5.60%
  • NOI: $192,584

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