For Sale
$2,175,000

9299 4Th StSt. Petersburg, FL 33702

Florida QSR, 25-Year Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, fee-simple Scooter's Coffee location in St. Petersburg, Florida. The property, completed in 2024, boasts a 664 square foot building situated on a 0.76-acre lot at 9299 4th St N, 33702. This single-tenant, absolute triple-net (NNN) lease offers a secure, long-term investment with a 25-year term remaining, featuring 10% rent bumps every five years and five (5), five (5) year lease options. The franchisee-guaranteed lease ensures minimal landlord responsibilities, with the tenant covering all taxes, insurance, and maintenance. The property enjoys a prime location with high visibility and traffic counts (20,000 VPD), surrounded by other national retailers including Publix, Chick-fil-A, Walmart, and McDonald's. The strong location, coupled with Scooter's Coffee's proven success (800+ locations nationwide) and high average unit volume (AUV ranging from $850,000 to over $1.5 million), projects a robust return on investment. The asking price is $2,175,000, representing a $3,275.60 price per square foot and a 7.00% cap rate, with a current NOI of $152,250. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market. The property's 100% occupancy and strong tenant credit further enhance its appeal.

Highlights

  • Scooter's Coffee, a national franchise with over 800 locations, offers strong unit economics.
  • New construction, opening September 2024.
  • Average unit volume (AUV) ranges from $850,000 to over $1.5 million, with EBITDA margins averaging 16-22%.
  • High-visibility location on 4th Street N, St. Petersburg, FL, with 20,000 vehicles per day (VPD), near other national retailers.
  • Prime location ensures high customer traffic and visibility, situated within a 5-mile radius of a 160,000-person population.
  • 25-year absolute triple-net (NNN) lease with 10% rent bumps every 5 years, offering zero landlord responsibilities and a franchisee guarantee.

Property Details for 9299 4Th St

Property type
Retail properties, Restaurants
Square Feet
664 SF
Year Built/Renovated
2024/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
33,106 SF
Units
1

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.856427461071
Longitude
-82.638661941941
9299 4Th St, St. Petersburg, Florida

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9299 4Th St
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