|Gross Leasable Area (GLA)||7,457 Sq. Ft.|
|Price Per Square Foot (GLA)||$568|
|Lot Size||1.93 Acres|
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.