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Circle K - St Petersburg-Tampa (Seminole) FL 8995 Park Blvd 5,200 SF Retail Building Seminole, FL 33777 $4,463,000 ($858.27/SF) 4.75% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Rare 10% Rent Increases | Options To Extend | 2026 Construction
- Signalized, Hard Corner Intersection | Dense Trade Area |Surrounding Retailers | Largo - Several New Developments
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities | No State Income Tax
- Dense Demographics 5-Mile Area | Tampa - St. Petersburg MSA
Executive Summary
• Brand new 15-year lease with 5 (5-year) options to extend and rare 10% rental increases every 5 years throughout the initial term and during option periods
• The lease is corporate signed by Circle K, an established c-store and gas station operator with 6,836+ stores in the United States
• 2026 construction that will feature high quality materials, distinct design elements, and high-level finishes
• The lease is corporate signed by Circle K, an established c-store and gas station operator with 6,836+ stores in the United States
• 2026 construction that will feature high quality materials, distinct design elements, and high-level finishes
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built
2026
Price
$4,463,000
Price Per SF
$858.27
Cap Rate
4.75%
NOI
$212,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.46 AC
Zoning
CG - Commercial General
Parking
23 Spaces (4.42 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 26-30-15-70740-400-1502 | Improvements Assessment | $170,952 |
| Land Assessment | $862,448 | Total Assessment | $1,033,400 |
Property Taxes
Parcel Number
26-30-15-70740-400-1502
Land Assessment
$862,448
Improvements Assessment
$170,952
Total Assessment
$1,033,400
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Circle K - St Petersburg-Tampa (Seminole) FL | 8995 Park Blvd
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