For Sale
$2,175,000

9299 4Th St St. Petersburg, FL 33702

Florida QSR, 25-Year Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Retail property - Florida QSR, 25-Year Lease, High ROI
Where is the retail property located?
The property is located at 9299 4Th St St. Petersburg, FL.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: 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%.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9299 4Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message