5399 Park Street North, St. Petersburg, FL 33709

Property Highlights

• Investment-Grade Corporate Credit: Leased to 7-Eleven, Inc., one of the world's largest convenience store operators, backed by investment-grade credit ratings of A- (S&P) and Baa2 (Moody's), providing investors with the security of a nationally recognized corporate tenant.
• Absolute NNN Lease: The lease is structured as an absolute net lease, providing truly passive ownership with zero landlord responsibilities, including roof, structure, and all operating expenses.
• Compelling Low-Basis Acquisition: Represents one of the lowest-basis 7-Eleven investment opportunities currently available in Florida, providing investors with a rare opportunity to acquire an investment-grade convenience store asset at an attractive price point.
• Modern Fuel Tank System: The underground storage tanks were replaced in 2009, reducing near-term capital expenditure risk and enhancing the long-term functionality of the property.
• Highly Functional 0.80-Acre Site: Positioned on an approximately 0.80-acre parcel, the property offers efficient site layout, ample circulation, and excellent visibility at a signalized intersection
• Premier Signalized Hard Corner with 55,000+ Combined VPD: Located at the signalized intersection of Park Street N (38,000+ VPD) and 54th Avenue N (17,000+ VPD), the property benefits from outstanding visibility, excellent accessibility, and exposure to more than 55,000 vehicles per day, supporting strong customer traffic and long-term tenant performance.
• Prime St. Petersburg Retail Corridor: Located in the heart of St. Petersburg, one of Pinellas County's most established and densely populated retail markets, the property is surrounded by a dominant lineup of national retailers including Target, Kohl's, Total Wine, Ross Dress for Less, Verizon, Truist, Wendy's, Jeremiah's Italian Ice, Steak 'n Shake, and numerous additional traffic-driving retailers that reinforce the strength and durability of the trade area.
• High Barrier-to-Entry Pinellas County Market: Positioned within a mature, fully developed retail corridor in Pinellas County, where scarce developable land, dense surrounding development, and restrictive zoning make new convenience store development increasingly difficult, helping preserve the long-term value and competitive position of existing locations.