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5802 54th Ave N
Kenneth City, FL 33709
WINN DIXIE CENTER · Retail Property For Sale
Investment Highlights
- Long Term Anchor Tenant
- NNN lease property
- Great location and visibility on highly trafficked 54th Ave N Corridor
Property Facts
Amenities
- Air Conditioning
About 5802 54TH AVE N , KENNETH CITY, FL 33709
Winn Dixie Plaza on 54th Ave N Corridor of Kenneth City bordering Pinellas Park and St Petersburg. Triple net lease property in highly trafficked area. Two of the three spaces occupied by solid tenants (Winn Dixie and Thrift City). Some upside potential with one 3,500 sf vacant space left available in the plaza. Winn Dixie is a long term anchor tenant since the 1960's with annual sales of 10M+. Current annual rental revenue of $103,000. The 10,000 sf space has just been leased thereby increasing the total annual rental revenue for the plaza to $250,000. Owner pays only a minimal portion of taxes and insurance-- tenant pays 72.59% of the taxes and insurance and 100% of all other associated expenses with the property.
Property Taxes
| Parcel Number | 05-31-16-46044-000-0020 | Improvements Assessment | $2,213,049 |
| Land Assessment | $1,151,951 | Total Assessment | $3,365,000 |
Property Taxes
