Listed by SRS Real Estate Partners Tampa
$2,999,000
Sunnyside - St Petersburg FL
Details
APN 30-30-17-75528-004-0040
Property Type Retail
Sub Type Storefront
Square Footage 4,157
Cap Rate 7.04%
NOI $211,074
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 01/31/2032
Remaining Term 5.7
Rent Bumps Yes
Lease Options 2 (5-Year)
Broker Co-Op Yes
Year Built 2022
Buildings 1
Stories 1
Acreage 0.580
Zoning Commercial Stores, Retail Outlet
Parking Spaces 43 spaces
Parking Per SqFt 10.34
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2022
Ownership Fee Simple
10 Year Abs. NNN Lease
Investment highlights
- 6 Years Remaining | Options To Extend | Corporate Guaranteed |2% Annual Rental Increases | Growing Cannabis Operator
- Absolute NNN | Fee Simple Ownership | No State Income Tax | No Landlord Responsibilities
- Fronting 4th Street | Off Signalized, Hard Corner Intersection |Surrounding Retailers | Proximity to Downtown
- St. Petersburg - Several New Developments
- Dense Demographics In 5-Mile Trade Area | St. Pete MSA | Annual Population Growth | Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,074.00
$17,589.50/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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