4700 4TH ST N St Petersburg FL 33703-3815

Introducing the Applebee’s at 4700 4th Street N - a prime investment opportunity in St. Petersburg, Florida! This single-tenant property offers a secure long-term lease with over 7 years remaining and scheduled rental increases. Strategically located in a dense retail corridor with 36,500 vehicles passing by daily, this asset is an attractive option for investors seeking stable returns. Featuring a rentable area of 4,939 SF on a 1.12 AC land area, this property was built in 1994 and is leased to Applebee's under an Absolute NNN agreement. The lease includes 10% increases every 5 years and two 5-year options, with the tenant, Neighborhood Restaurant Partners, guaranteeing the lease. Don't miss out on this opportunity to acquire this established brand's property with a strong operator. With a net operating income of $351,880 and a cap rate of 6.50%, this investment highlights growth potential and security in a reputable franchisee-operated business. Contact us to learn more about this attractive investment in a high-traffic location!

• 7+ Years Remaining | Annual Rental Increases | Established Brand | Strong Operator

• Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

• Dense Retail Corridor | Strong National/Credit Tenant Presence | St. Anthony’s Hospital | Nearby Schools

• Located Along 4th St | Interstate 275 | Excellent Visibility & Access

• Strong Demographics in 5-mile Trade Area

• Applebee’s – Q2 2025 Investor Highlights

  • +4.9% YoY growth in domestic same-store sales

  • Total revenue: $230.8M (↑ ~12% YoY from $206.3M)

  • $325M credit facility in place to support future growth