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Shoppes on 4th 1300 4th St N 9,030 SF 100% Leased Retail Building Saint Petersburg, FL 33701 $7,821,000 ($866.11/SF) 5.75% Cap Rate

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Investment Highlights

100% Occupied NNN Retail: Fully leased to a diversified mix of tenants, providing an investor with a stable income stream and limited responsibilities
Scheduled Rent Increases: Leases have fixed rent bumps throughout the term, enhancing cash flow and income growth
Attractive 1031 Exchange Profile: Combination of NNN leases, quality tenants, built-in rent growth, and irreplaceable real estate

High-Barrier-to-Entry Market: Located in one of Tampa Bay’s most supply-constrained retail submarkets
Strong National & Franchise-backed Tenants: Favorable tenant mix with AT&T, CAVA, QDOBA, and Pearle Vision (retail/food/service)

Executive Summary

Simaan Real Estate is pleased to exclusively offer for sale a 100% fee simple interest in Shoppes on 4th. The subject property offers investors the opportunity to acquire a fully occupied NNN shopping center positioned along St. Petersburg’s highly desirable 4th Street North corridor. The property is 100% leased to a strong mix of national and franchise-backed tenants, including AT&T, CAVA, QDOBA, and Pearle Vision, providing stable cash flow from a diversified lineup of service, food, and retail users. The leases provide built-in rental growth over time, enhancing the durability of the income stream while preserving a passive ownership structure.
Beyond the income profile, the property’s greatest strength is the underlying real estate. 4th Street North is one of St. Petersburg’s most established commercial corridors, benefiting from dense surrounding demographics, strong daily traffic, and limited availability for new retail development. Located within one of Tampa Bay’s most supply-constrained and high-barrier-to-entry retail markets, Shoppes on 4th combines durable NNN income with irreplaceable real estate along one of St. Petersburg’s premier commercial corridors.