1914 4TH ST N St. Petersburg FL 33704

RIPCO Real Estate is pleased to offer for sale the Outback Steakhouse / Panera Bread retail and office center in St. Petersburg, FL. The +-22,176 SF building is located on 4th Street North, just north of downtown St. Petersburg and in the middle of some of St. Petersburg’s most desirable neighborhoods. The center is 100% leased to six (6) tenants. Outback Steakhouse (8,463 SF) and Panera Bread (5,365 SF) are the major tenants, occupying 62% of the space and generating 68% of the gross income. The other four tenants are Voyage Med Spa, McLain Foods, Red Effect Infrared Fitness, and St. Petersburg Dental Studio.

Fourth Street North is the major commercial corridor in St. Petersburg and home to a variety of national and local retailers and service providers. The center is prominently located in a highly dense residential area with a high barrier to entry.

The Outback Steakhouse / Panera Bread retail and office center offers an investor stable cash flow from established tenants at a great location near downtown St. Petersburg, one of the most desirable submarkets in Central Florida.

STRONG NATIONAL & SUCCESSFUL LOCAL TENANTS

Outback Steakhouse

American chain of Australian-themed casual dining restaurants

Over 1,300 locations worldwide in 20 countries

Generated $4.4 billion in revenue in 2022

Panera Bread

American chain store of bakery-cafe fast food restaurants

Over 2,000 locations in the United States and Canada

Generated $5.8 billion in revenue in 2022

STABLE CASH FLOW WITH MINIMAL LANDLORD RESPONSIBILITY

Building is 100% occupied by six (6) tenants

71% of Gross Leasable Area occupied by tenants with NNN leases

Panera recently renewed lease with a 20% rental increase which indicates a strong commitment to the location

STRATEGIC LOCATION

Property Features

Prime location for retailers and companies

Contemporary building with convenient access to key highways and downtown St. Petersburg

Excellent visibility along 4th Street N, directly opposite Botanical Gardens

Location Advantages

Situated in Pinellas County, the most densely populated county in Florida

Offers strategic positioning for businesses

DESIRABLE DEMOGRAPHICS

Within 1-mile radius

Population: 19,521 • Households: 10,714 • Avg. HH Income: $131,089

Within 3-mile radius

Population: 108,710 • Households: 52,712 • Avg. HH Income: $105,390