$5,500,000

About This Property

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.

infoProperty Details

Property Type

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

Year Built

1974

Lot Size

2.10 acres

Days on Market

0

List Date

Mar 23, 2026

Annual Taxes

$81K (2025)

yardExterior & Lot

Listed By

Realty One Group MVP

800-896-8790

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