445 99th Ave N - Retail FOR SALE


Saint Petersburg, FL 33702- Gateway
$4,067,800 USD
407-808-1657
445 99th Ave N, Saint Petersburg, FL for Sale
$4,067,800 USD
Retail - FOR SALE
1/11
null | 6.25% Cap Rate

445 99th Ave N
Saint Petersburg, FL 33702
Gateway


HIGHLIGHTS

  • Corporate lease with Monro Muffler Brake, Inc. (NYSE: MNRO) dba Tire Choice
  • NEW 10-YEAR LEASE EXTENSION BY MONRO JUST SIGNED, LEASE NOW RUNS THROUGH 6/01/2036
  • St. Petersburg is one of the nation’s fastest growing cities
  • Ideally located for service-oriented retail in a densely populated area with above average household incomes
  • Fixed rent increases for each tenant
  • NO STATE INCOME TAX, Florida is the Highest Net Domestic Migration/ Growth State in the U.S.

OVERVIEW

CBRE is pleased to present this 100% leased three-tenant retail property anchored by Monro Muffler Brake, Inc. (dba Tire Choice) in one of Florida’s fastest growing cities, St. Petersburg. Located just off Gandy Boulevard, this building is ideally positioned for service-oriented retail tenants in a densely populated and upper income area that’s surrounded by high number of businesses and major employers providing for a very high daytime population. Excellent access, signage and exposure provided by the property’s proximity to Gandy Boulevard North and 4th Street North. Monro has been successfully operating at this location since it was built for them in 2016. They just signed an early ten-year lease extension demonstrating their commitment to this location. New 60,800 SF medical building under construction next door for Florida Orthopaedic Institute.

FOR SALE DETAILS

PRICE

$4,067,800 USD

PRICE/SF

$363 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tire Choice (10-Year Lease Extension)

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,816 SF

ZONING

PD

APN/PARCEL ID

19-30-17-97311-001-0011

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

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