For Sale
$2,950,000
5344 16Th StSt. Petersburg, FL 33703
St. Petersburg, FL Auto Shop NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- 6,316 SF Tire Kingdom on 0.49-acre lot in St. Petersburg, FL.
- Net-leased to credit-rated tenant (Mavis Discount Tire) with strong lease terms.
- Current NOI $70,922, Pro-forma NOI $78,014; Cap rate 2.40% (current), 2.64% (pro-forma).
- Asking price: $2,950,000 ($467.07/SF, $83.16/land SF).
- Lease expires November 30, 2029, with 10% rent increases at each option period.
Property Details for 5344 16Th St
- Property type
- Retail properties, Auto shops
- Square Feet
- 6,316 SF
- Year Built
- 1962
- Lot Size (sq. ft)
- 21,344 SF
Location Insight
- City
- St. Petersburg
- County
- Pinellas
- State
- Florida
- Latitude
- 27.821115988227
- Longitude
- -82.655267406694
5344 16Th St, St. Petersburg, Florida
Nearby Similar for Sale
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