Shoppes on 4th
St. Pete NNN Retail | Cava AT&T Qdoba Pearle Vision
Marketing description
** Please do not disturb tenants. Contact listing agent for additional information and to schedule property visits. **
Simaan Real Estate is pleased to exclusively offer for sale a 100% fee simple interest in Shoppes on 4th. The subject property offers investors the opportunity to acquire a fully occupied NNN shopping center positioned along St. Petersburg's highly desirable 4th Street North corridor. The property is 100% leased to a strong mix of national and franchise-backed tenants, including AT&T, CAVA, QDOBA, and Pearle Vision, providing stable cash flow from a diversified lineup of service, food, and retail users. The leases provide built-in rental growth over time, enhancing the durability of the income stream while preserving a passive ownership structure.
Beyond the income profile, the property's greatest strength is the underlying real estate. 4th Street North is one of St. Petersburg's most established commercial corridors, benefiting from dense surrounding demographics, strong daily traffic, and limited availability for new retail development. Located within one of Tampa Bay's most supply-constrained and high-barrier-to-entry retail markets, Shoppes on 4th combines durable NNN income with irreplaceable real estate along one of St. Petersburg's premier commercial corridors.
Investment highlights
- 100% Occupied NNN Shopping Center: Fully leased to a diversified mix of national, corporate, and franchise-backed tenants, providing investors with a stable income stream and limited landlord responsibilities.
- Scheduled Rent Increases: Leases feature scheduled rent increases throughout the term, enhancing cash flow durability and providing investors with income growth.
- Strong National & Franchise-backed Tenants: Anchored by a compelling mix of AT&T, CAVA, QDOBA, and Pearle Vision, offering exposure to established food, service, and retail users with strong consumer demand drivers.
- High-Barrier-to-Entry Market: Located in one of Tampa Bay’s most supply-constrained retail submarkets, where quality commercial real estate is irreplaceable and assets remain highly coveted by tenants and investors.
- Attractive 1031 Exchange Profile: The combination of NNN leases, quality tenants, built-in rent growth, and irreplaceable real estate is well-suited for private capital and 1031 exchange buyers seeking stable income and capital appreciation in a premier Florida market.
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