Ad #7906975
MLS #226012610
100% Leased NNN Retail Center - Fort Myers, FL $5,500,000 | ~9
4434-4458 Cleveland Ave, Fort Myers, FL 33901
$5,500,000
--Beds
--Baths
--Sqft
2.1Acres
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 facades, 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.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1974
2.1 Acres
1 Story
$81,097 / yr property tax
Lee County
Additional Photos
Contact Information
Joanne Fultz
Realty One Group MVP
800-896-8790
Location
Listing Agent: Joanne Fultz 800-896-8790
Broker: Realty One Group MVP 800-896-8790 Listing Site
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realty One Group MVP 800-896-8790 Listing Site
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$5,500,000
--
Beds
--
Baths
--
Sqft
4434-4458 Cleveland Ave, Fort Myers, FL 33901
By contacting this agent you agree to these Terms and Conditions.
MLS# 226012610
100% Leased NNN Retail Center - Fort Myers, FL $5,500,000 | ~9
$5,500,000
4434-4458 Cleveland Ave, Fort Myers, FL 33901
--
Beds
--
Baths
--
Sqft
2.1
Acres
$5,500,000
4434-4458 Cleveland Ave, Fort Myers, FL 33901
-- Beds
-- Baths
-- Sqft
2.1 Acres
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 facades, 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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1974
2.1 Acres
1 Story
FINANCIAL & COMMUNITY
$81,097 / yr property tax
Lee County
Location
Mortgage Calculator
Ad Statistics
Ad Number
7906975
Viewed
163 times
Listing Status
Active
Added
Jul 02, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Coconut Coast Organization of REALTORS
Source Property ID
226012610
Listing Agent: Joanne Fultz 800-896-8790
Broker: Realty One Group MVP 800-896-8790 Listing Site
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realty One Group MVP 800-896-8790 Listing Site
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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