5344 16th St N - Auto Repair FOR SALE


Saint Petersburg, FL 33703- Harris Park
$2,950,000 USD
929-228-9281
5344 16th St N, Saint Petersburg, FL for Sale
$2,950,000 USD
Auto Repair - FOR SALE
1/7
null | 2.64% Cap Rate

5344 16th St N
Saint Petersburg, FL 33703
Harris Park


HIGHLIGHTS

  • NNN Investment Property
  • Great Guarantor
  • Includes Lease Extension Option

OVERVIEW

- Great NNN Investment Property in Florida - Zero Landlord Responsibilities - Lease Expires 11/30/2029 - Amazing opportunity for future Owner to increase rents once the last option expires. Current rent is low for the market at $11.24 NNN SF in per square foot basis! Lease is guaranteed by Mavis Discount Tire. They have been in business since 1949 and operate more than 830 locations in 24 states across the East Coast, South and Midwest.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

2.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Tire Kingdom

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

CCS-1

APN/PARCEL ID

01-31-16-58356-000-0630

ASK ABOUT THIS PROPERTY

Albert ArkaljiMPGA Family Office Brokerage LLCMore Info
929-228-9281

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Albert ArkaljiMPGA Family Office Brokerage LLCMore Info
929-228-9281

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