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NNN Tire Kingdom 5344 16th St N 6,316 SF Retail Building Saint Petersburg, FL 33703 $2,500,000 ($395.82/SF) 3.12% Cap Rate
Investment Highlights
- NNN Investment Property
- Includes Lease Extension Option
- Great Guarantor
Executive Summary
- 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.
- 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,316 SF
Building Class
C
Year Built
1962
Price
$2,500,000
Price Per SF
$395.82
Cap Rate
3.12%
NOI
$78,014
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.49 AC
Zoning
CCS-1 - CORRIDOR COMMERCIAL SUBURBAN-1
Parking
10 Spaces (1.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tire Kingdom
- Services
- 6,316 SF
- $11.24
- Triple Net
- Nov 2024
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tire Kingdom | Services | 6,316 SF | $11.24 | Triple Net | Nov 2024 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-31-16-58356-000-0630 | Improvements Assessment | $358,624 |
| Land Assessment | $371,376 | Total Assessment | $730,000 |
Property Taxes
Parcel Number
01-31-16-58356-000-0630
Land Assessment
$371,376
Improvements Assessment
$358,624
Total Assessment
$730,000
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NNN Tire Kingdom | 5344 16th St N
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