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7-Eleven 5399 Park St N 2,908 SF Retail Building Saint Petersburg, FL 33709 $2,304,761 ($792.56/SF) 5.25% Cap Rate
Investment Highlights
- Leased to 7-Eleven, Inc. with investment-grade credit ratings of A- (S&P) and Baa2 (Moody's)
- One of the lowest-basis 7-Eleven investment opportunities currently available in Florida
- Underground storage tanks replaced in 2009, reducing near-term capital expenditure risk
- Absolute NNN lease with zero landlord responsibilities including roof, structure, and operating expenses
- Signalized hard corner with 55,000+ combined VPD at Park Street N & 54th Avenue N
- High barrier-to-entry Pinellas County market with scarce developable land and restrictive zoning
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,908 SF
Building Class
C
Year Built
1998
Price
$2,304,761
Price Per SF
$792.56
Cap Rate
5.25%
NOI
$121,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.80 AC
Amenities
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-31-15-00000-120-0300 | Improvements Assessment | $408,639 |
| Land Assessment | $336,361 | Total Assessment | $745,000 |
Property Taxes
Parcel Number
01-31-15-00000-120-0300
Land Assessment
$336,361
Improvements Assessment
$408,639
Total Assessment
$745,000
Contacts
-
Marly Aronin -
Jake Lurie -
Aiden Hawkins -
Andrew Doerr -
Matthews Real Estate Investment Services
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7-Eleven | 5399 Park St N
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