Sweet Tomatoes

Sweet Tomatoes

Sweet Tomatoes
14080 South Tamiami Trail
Fort Myers, FL 33912

$4,232,400

Cap Rate 7
Gross Leasable Area (GLA) 7,457 Sq. Ft.
Price Per Square Foot (GLA) $568
Year Built 1996
Lot Size 1.93 Acres
  • 1.25 Percent Annual Increases
  • 9 Years Remaining on Recently Extended Lease
  • Over 124,000 Residents Within 5-Miles
  • Located in Ft. Myers, FL - Voted One of the 10 Hottest Real Estate Markets to Watch in 2017 by Forbes
  • Florida - No State Income Tax
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Sweet Tomatoes (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present for sale this 7,457-square-foot, absolute net-leased Sweet Tomatoes. Garden Fresh Restaurant Corporation, DBA Sweet Tomatoes, has been successfully operating at this location for more than 21 years. Sweet Tomatoes has nine years remaining on a recently extended 10-year lease with two, 10-year option periods. With 1.25 percent annual increases built in to the lease, an investor can realize attractive rent growth year-over-year while investing in a prime Ft. Myers location.

The subject property is ideally located on Tamiami Trail in Ft Myers, also known as U.S. Highway 41. Tamiami Trail is the main north-south thoroughfare along the West coast of Florida, connecting Naples to Tampa. With traffic counts in excess of 55,000 vehicles per day, this Sweet Tomatoes is positioned for long term success in one of the nation’s fastest growing markets. Surrounding retailers include a multitude of restaurants including Applebee’s, Longhorn Steakhouse, Chick-Fil-A, Bahama Breeze, Perkin’s and many others. Multiple points of ingress and egress paired with the property’s excellent visibility and signage allow customers easy and convenient access. Commonly known as America’s Favorite Salad Buffet Restaurant, Sweet Tomatoes is an American restaurant chain committed to providing their customers with great food made from scratch using the healthiest and freshest ingredients.

For More Information, Please Contact:

Jim Shiebler

Investment Advisor
(239)340-7811
Jim.Shiebler@MarcusMillichap.com