4526 4TH ST N St. Petersburg FL 33703

Encore REIS is pleased to present the PDQ property located on 4th St N in St. Petersburg, FL. St. Petersburg is a peninsular city that has become one of America's most popular destinations, As of the 2020 census estimate, the population was 271,842 making it the fifth-most populous city in Florida. The asset has strong 1, 3 and 5-mile demographics with a population of 232,500 within a 5-mile radius.

The property is subject to an absolute NNN lease with 11 years remaining of the 20-year term. There are zero landlord responsibilities making this an ideal passive investment. The lease supports four (4), five (5) year options with 10% rent increases every 5 years offering a hedge against inflation and an automatic increase in the NOI.

The subject property has excellent visibility with frontage and signage along 4th St N which has traffic counts exceeding 37,500 vehicles per day. It is also easily accessible with a dedicated turn lane and ample parking.

• Absolute NNN Lease with Zero Landlord Responsibilities

• 11 Years Remaining in Term with Four (4), Five (5) Year Options Available

• Lease Supports 10% Increases Every 5 Years Offering a Hedge Against Inflation and Automatic Increase in NOI

• Excellent Visibility with Frontage and Signage Along 4th Street N Which Has Traffic Counts Exceeding 37,500 Vehicles Per Day

• Easily Accessible with a Dedicated Turn Lane and Ample Parking Spaces

• 4th St is the street that connects Tampa and Saint Petersburg

• Strong 1, 3, and 5-Mile Demographics with a Population Over 232,500 Within a 5-Mile Radius of the Property

• PDQ Currently Has 59 Locations with Plans of Expansion