400 S 45th Ave - Freestanding FOR SALE


Saint Petersburg, FL 33705- Lakewood
$950,000 USD
727-410-5476
400 S 45th Ave, Saint Petersburg, FL for Sale
$950,000 USD
Freestanding - FOR SALE
1/1
null | 6.38% Cap Rate

400 S 45th Ave
Saint Petersburg, FL 33705
Lakewood


HIGHLIGHTS

  • Fully leased to Kahwa Coffee under a five-year NNN lease.
  • Three five-year renewal options for long-term stability.
  • Newly renovated building with modern finishes.
  • Drive-thru window for high customer convenience.
  • Seller financing available with 12-month rent guarantee.

OVERVIEW

This newly renovated retail property offers a prime investment opportunity in the vibrant Saint Petersburg market. The building is fully leased to Kahwa Coffee, a well-established regional brand known for strong customer loyalty and consistent traffic. The tenant occupies approximately 1,750 SF under a five-year NNN lease, with three additional five-year renewal options, ensuring long-term stability and predictable income. The property features a convenient drive-thru window, enhancing customer accessibility and supporting high-volume sales. Located in a dynamic area of Saint Petersburg, the site benefits from excellent visibility and easy access to major thoroughfares, connecting to downtown and surrounding residential neighborhoods. The building’s recent renovations provide modern finishes and operational efficiency, reducing near-term capital expenditures for the buyer. Seller financing is available, and the seller will guarantee rent for 12 months, offering additional security for investors seeking a smooth acquisition process.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$543 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

11,996 SF

ZONING

CCS-1

APN/PARCEL ID

06-32-17-03780-018-0190

ASK ABOUT THIS PROPERTY

David KramerPridgen Realty, Inc.More Info
727-410-5476

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David KramerPridgen Realty, Inc.More Info
727-410-5476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.