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903 Pasadena Ave S
Saint Petersburg, FL 33707
Retail Property For Sale
Investment Highlights
- Absolute Triple Net (NNN) Lease | 20 Years Remaining
- Newly Constructed Taco Bell | No State Income Tax State
- Dense Retail Corridor | Publix, Wendy's, CVS Pharmacy, Wells Fargo, 7-Eleven, Anytime Fitness, Walmart , Dunkin Donuts, Bealls
- Rare 10% Rent Increases Every Five Years providing strong increasing returns Throughout the lease.
- Located Just Minutes from Florida’s Beautiful West Coast Beaches, and Downtown St. Petersburg
- Over 261,319+ People within 5-mile Radius
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.59 AC
Zoning
Commercial
Parking
16 Spaces (7.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
About 903 PASADENA AVE S , SAINT PETERSBURG, FL 33707
OMDM is pleased to present the exclusive listing for a Taco Bell located at 903 Pasadena Avenue S. St. Petersburg, FL 33707. The site consists of roughly 2,141 rentable square feet of building space that sits on a 25,700 square feet of land. The Taco Bell is subject to a 25-year absolute triple-net (NNN) sale-leaseback, with 20 years remaining on the initial term. The current rent is $135,300 per year ($11,275 per month) and has very rare, favorable Rent Increases of Ten percent (10%) Every Five Years throughout the initial term and beach of the five (5), five (5)-year tenant renewal options.
Property Taxes
| Parcel Number | 30-31-16-67518-110-0010 | Improvements Assessment | $574,926 |
| Land Assessment | $420,074 | Total Assessment | $995,000 |
Property Taxes
Parcel Number
30-31-16-67518-110-0010
Land Assessment
$420,074
Improvements Assessment
$574,926
Total Assessment
$995,000
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