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845 4th St N
Saint Petersburg, FL 33701
CVS Pharmacy · Retail Property For Sale
Investment Highlights
- Approximately 19 Years Remaining on Base Term of the Lease
- Absolute NNN Lease With Zero Landlord Responsibilities and Depreciation Benefits
- CVS Elected to Sign a New 20 Year Lease Prior to Their Option Period Demonstrating Their Confidence in This Location
- Corporate Guaranteed Lease Featuring Investment Grade Credit (BBB - S&P Global) / (Baa2 - Moody's)
- Rare 5% Rental Increase at Each of the First Four of the Ten (5-Year) Option Periods Provides Hedge Against Inflation
- New 3rd Party Reports as of December 2020 Providing For Ease of Transaction - Perfect For a 1031 Exchange Buyer
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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