For Sale | 100% Leased Multi-Tenant Investment | St. Petersburg, Florida

As exclusive advisor, NAI Northgate is pleased to offer a quality, multitenant retail building with long-term stable cash and consider revenue growth.

4946 Fourth St. North has demonstrated consistent and reliable cash flow with clear upside and is priced at $2,895,000 which represents an actual cap rate of 6.5% on an effective NOI of $188,128. The building is also one of the newest modern construction buildings located within the subject two (2) mile strand, making it one of the most desirable addresses for new business.

 

• Class A trophy asset located in Saint Petersburg, Florida, “The Sunshine City”
• 2008 Modern construction with prominent façade and excellent signage visibility
• National tenants include Starbucks and H&R Block under contract for 50.82% of the premises. Two additional tenants provide high demand beauty services for the specific neighborhood
• Located on 4th Street, a high traffic corridor with 36,500 autos passing through daily
• Exceptionally well-located property surrounded by commercial businesses, schools, fitness centers, apartment buildings, and single-family homes.
• High income neighborhood with an average household income of $95,000+
• Historical long-term tenancy with national tenants
• Priced below replacement cost