Pilot Bank on 4th
Retail | 3.96% CAP 4,148 SF
Listing Contacts
License: FL SL3305127
Active
Asking Price: $4,400,000
Address
2180 4th St N, St. Petersburg, FL 33704
Show on MapDate Added
Aug 5, 2020
Days on Market
1683 days
Time Since Last Update
17 days
Details
Property TypeRetail
SubtypeBank
Investment TypeNet Lease
Lease TypeNNN
Tenant CreditCredit Rated
TenancySingle
Square Footage4,148
Cap Rate3.96%
Occupancy Date11/01/2018
NOI$174,453
Lot Size (acres)0.46
Rent Bumps3% annually
Lease Options2/ 5 year options
Marketing Description
Hard lighted corner on 4th st and 22nd ave!
Lake Michigan credit union has exercised their right to renew 1 of their 2 options for 5 more years with 3% increases
Investment Highlights
- True NNN lease with 3% annual increase
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,453.00
$14,537.75/mo
Valuation Metrics
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0
DSCR
3.96%
Cap Rate
3.96%
ROI
Due Diligence
Listing Contacts
- License: FL SL3305127
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Broker Information
Broker Information
Broker Name
Chris Niewiarowski
Broker License
FL SL3305127
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