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5501 34th St 504 SF Retail Building Saint Petersburg, FL 33714 $1,818,181 ($3,607.50/SF) 5.50% Cap Rate
Investment Highlights
- Leased to Avis Budget Car Rental, LLC, subsidiary of Avis Budget Group (NASDAQ: CAR)
- 3% annual rent increases throughout remaining term and option periods
- 300,512 residents and 143,667 households within five miles of the property
- Absolute NNN lease with passive ownership and minimal landlord responsibilities
- Over 47,500 vehicles per day along 34th Street North
- Positioned within concentrated automotive corridor with national dealerships nearby
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
504 SF
Building Class
C
Year Built
1974
Price
$1,818,181
Price Per SF
$3,607.50
Cap Rate
5.50%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
MUC-P-C
Parking
10 Spaces (19.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Rental and Leasing Services
- -
-
$9.99
-
Lorem Ipsum
- -
Founded in 1946 with three cars at an airport, the company built its business around airport car rental before expanding into broader mobility services. Today, the brand sits within Avis Budget Group’s portfolio alongside Budget and Zipcar, and its offerings span car rental, truck rental, and car-sharing options through a broad network and digital booking channels. Public company materials also describe a focus on connected mobility and customer convenience, reflecting a business that has moved from a single rental operation into a multi-brand transportation platform.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Rental and Leasing Services | - | $9.99 | Lorem Ipsum | - |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-30-16-01404-003-0210 | Improvements Assessment | $94,740 |
| Land Assessment | $290,260 | Total Assessment | $385,000 |
Property Taxes
Parcel Number
35-30-16-01404-003-0210
Land Assessment
$290,260
Improvements Assessment
$94,740
Total Assessment
$385,000
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