Tire Choice Anchored Retail Strip
11,220 SF | 100% Leased | Retail Building | Saint Petersburg, FL 33702 | $3,929,540 ($350/SF) | 6.45% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,929,540
- Property Type
-
Retail
- Square Feet
- 11,220 SF
- Price / Square Foot
- $350
Listing Contacts
Ray Romano
Verified Profile
Mark Drazek
Verified Profile
- Property Info
Property Overview
CBRE is pleased to present this 100% leased three-tenant retail property anchored by Monro Muffler Brake, Inc. (dba Tire Choice) in one of Florida’s fastest growing cities, St. Petersburg. Located just off Gandy Boulevard, this building is ideally positioned for service-oriented retail tenants in a densely populated and upper income area that’s surrounded by high number of businesses and major employers providing for a very high daytime population. Excellent access, signage and exposure provided by the property’s proximity to Gandy Boulevard North and 4th Street North.
Property Details
- Class
- B
- Year Built
- 2016
- Stories
- 1
- Lot Size (sq. ft)
- 156,816 SF
Highlights
- Corporate lease with Monro Muffler Brake, Inc. (NYSE: MNRO)
- Very successful build-to-suit location for Monro since 2016 with a 10% rent increase coming up in 2026
- St. Petersburg is one of the nation’s fastest growing cities
- Ideally located for service-oriented retail in a densely populated area with above average household incomes
- Fixed rent increases for each tenant
- NO STATE INCOME TAX, Florida is the Highest Net Domestic Migration/ Growth State in the U.S.
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