BUSINESS INCLUDED!!!! CONTACT BROKER FOR A SHOWING
Offered for sale is a fully operational and income-producing Sunoco-branded gas station located on a high-traffic corner in the North St. Petersburg / Pinellas Park submarket, with immediate access to US-19 and I-275. Recently renovated in 2024, this turnkey property sits on 0.37 acres and includes a 2,300 SF retail building. For an owner-operator, the property generates $17,900 in monthly net profit. This includes approximately $5,400 profit per month from fuel sales, $9,500 from inside store sales, $800 from lottery commissions, $200 from an on-site ATM, and $2,000 in monthly rent from a used car dealership tenant. Totaling $214,800 in gross annual income, the business has strong performance metrics and requires no additional buildout or operational ramp-up.
$30,000 Inside Sales, 20,000 Gallons per month, $16,000 Lotto, $2,000 a month from Car Dealership tenant
Operating expenses for an owner-user total approximately $97,640 annually. These include $4,500 per year for insurance, $800 per month for electricity (with efficiency boosted by recent LED upgrades), $60 per month for water, $5,500 in property taxes, $60 per month for repair and maintenance insurance, $1,000 annually for miscellaneous repairs, and $6,300 per month in wages. After expenses, the asset produces a net operating income of $117,160, reflecting an 11.8% cap rate—an exceptional return in today’s market.
Alternatively, the seller is open to structuring the deal as a true triple net leaseback at $6,500 per month, delivering $78,000 in annual passive income with zero landlord responsibilities. Under this arrangement, the asset yields a 7.9% cap rate and a 14.2% cash-on-cash return, offering passive investors dependable monthly income backed by a proven tenant who has operated successfully at this location since 2015 and will sign a new five-year lease at closing.
The property is strategically positioned in one of Florida’s top-performing commercial corridors within the Tampa–St. Petersburg–Clearwater MSA. The area benefits from a robust economic engine driven by healthcare, technology, finance, retail, and tourism. Retail sales per capita exceed $21,400, and food and accommodation revenues approach $965 million, reflecting strong consumer demand and elevated spending power. St. Petersburg’s downtown continues to attract national attention, with landmark developments like the Residences at 400 Central—now the city’s tallest tower—and the incoming Waldorf Astoria Residences signaling major investor confidence.
South of downtown, the Skyway Marina District is undergoing rapid revitalization, including more than 2,000 new apartments, over 69,000 square feet of retail anchored by Sprouts grocery, and new national brands like Starbucks. Just blocks away, the YMCA’s Whitney Village is being redeveloped into a $12 million mixed-use community with 325 residential units and retail space on 4.5 acres. These projects reflect a growing trend of residential and commercial synergy, supported by upward income mobility, strong municipal backing, and surging rental demand.
This offering represents a unique opportunity to acquire a stabilized, income-producing commercial asset in a booming market. Whether you're an owner-operator looking for high monthly profit or an investor seeking true passive income with long-term security, this property delivers flexibility, cash flow, and upside.