Additional details

Enterprise Account

randy@randyburg.com +1(651) 330-8000

$5,500,000

Est. payment - /mo

2.1 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail-Commercial: Free Standing Building,Retail-Commercial: Other,Retail-Commercial: Restaurant,Retail-Commercial: Retail Pad,Retail-Commercial: Shopping Center,Retail-Commercial: Street Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226012610

HOA Y/N No

Year Built 1974

Annual Tax Amount $81,097

Tax Year 2025

Lot Size 2.101 Acres

Acres 2.101

Property Sub-Type Retail-Commercial: Free Standing Building,Retail-Commercial: Other,Retail-Commercial: Restaurant,Retail-Commercial: Retail Pad,Retail-Commercial: Shopping Center,Retail-Commercial: Street Retail

Source Bonita Springs

Property 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.

Location

State FL

County Lee

Area Fm02 - Fort Myers Area

Zoning CI

Direction Off Cleveland Ave opposite Edison Mall.

Interior

Inclusions Building And Land

Exterior

Waterfront Description None

Private Pool No

Building

Faces Off Cleveland Ave opposite Edison Mall.

Others

Tax ID 35-44-24-P3-00073.0000

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Listed by Realty One Group MVP • Joanne Fultz

Nearby School & Business

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Enterprise Account

+1(651) 330-8000

4434-4458 Cleveland AVE Fort Myers, FL 33901

Enterprise Account

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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