845 4th St N | Saint Petersburg, FL 33701
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- LoopNet Team
845 4th St N
Saint Petersburg, FL 33701
CVS 20 Yrs NNN 5% Inc 24 Hr Tampa Bay · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Income guaranteed by CVS Corporate investment grade credit rating of BBB (S&P), Top 10 Fortune 500 Company with ±9,840 locations.
- BRAND NEW 20 YR LEASE - CVS has agreed to a brand new 20 lease showing commitment to this location that will be effective at close of escrow.
- 5% RENTAL INCREASES IN THE OPTIONS - The new lease allows for rental increases of 5% during the first four of the ten (5-year) options.
- RARE 24-HR CVS WITH 20 YR ABSOLUTE NET LEASE IN FL - Rare CVS in FL on an absolute net basis with 20 yrs remaining open 24-hrs.
- ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES - CVS operates on an absolute net lease basis with no landlord responsibilities.
- TWO MAJOR MEDICAL FACILITIES WITHIN A 1.5 MILE RADIUS - • St. Anthony's Hospital (358 beds) and Johns Hopkins Children's Hospital (259 beds).
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,880 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.26 AC
Parking
100 Spaces (9.19 Spaces per 1,000 SF Leased)
Frontage
292’ on 4th St
Amenities
- Signage
Property Taxes
| Parcel Number | 18-31-17-20183-000-0010 | Improvements Assessment | $1,256,814 |
| Land Assessment | $2,368,186 | Total Assessment | $3,625,000 |
Property Taxes
Parcel Number
18-31-17-20183-000-0010
Land Assessment
$2,368,186
Improvements Assessment
$1,256,814
Total Assessment
$3,625,000
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