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Sunnyside 8123 4th St N 4,157 SF Retail Building Saint Petersburg, FL 33702 $2,956,000 ($711.09/SF) 7% Cap Rate
Investment Highlights
- 7 Years Remaining | Options To Extend | Corporate Guaranteed |2% Annual Rental Increases | Growing Cannabis Operator
- Fronting 4th Street | Off Signalized, Hard Corner Intersection |Surrounding Retailers | Proximity to Downtown
- Absolute NNN | Fee Simple Ownership | No State Income Tax | No Landlord Responsibilities
- Dense Demographics In 5-Mile Trade Area | St. Pete MSA | Annual Population Growth | Six-Figure Incomes
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,157 SF
Building Class
C
Year Built/Renovated
1925/2022
Price
$2,956,000
Price Per SF
$711.09
Cap Rate
7%
NOI
$206,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.58 AC
Zoning
Commercial Stores - Commercial Stores, Retail Outlet
Parking
7 Spaces (1.68 Spaces per 1,000 SF Leased)
Frontage
223’ on 4th St
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-30-17-75528-004-0040 | Improvements Assessment | $534,444 |
| Land Assessment | $695,556 | Total Assessment | $1,230,000 |
Property Taxes
Parcel Number
30-30-17-75528-004-0040
Land Assessment
$695,556
Improvements Assessment
$534,444
Total Assessment
$1,230,000
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Sunnyside | 8123 4th St N
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