For Sale
$9,100,000

4501 66Th St Kenneth City, FL 33709

Florida Retail Center - $9.1M

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 97,399 square foot shopping center in Kenneth City, Florida, presents a compelling investment opportunity. Anchored by Sprouts (shadow), At Home, and Five Below, the center boasts strong foot traffic and a 10-year lease with contractual rent increases, ensuring stable cash flow. Located at 4501 66th St, St. Petersburg, FL 33709, the property benefits from excellent visibility on 66th Street N (42,000 vehicles per day) and convenient access to 46th Avenue N (5,900 vehicles per day). Serving a robust customer base of over 157,000 residents within a 10-minute drive, boasting an average annual household income exceeding $82,000, this asset offers significant upside. The recent complete redevelopment minimizes future capital expenditures. Its prime location, just four miles from Gulf beaches and minutes from downtown St. Petersburg, further enhances its appeal. The property's proximity to major sports teams (Tampa Bay Rays, Buccaneers, Lightning) and Florida's largest seaport contributes to the area's thriving economy. The asking price is $9,100,000, translating to $93.43 per square foot. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a rapidly growing market.

Highlights

  • Strong anchors: Sprouts (shadow anchor), At Home, and Five Below drive significant foot traffic.
  • 10-year lease with contractual rent increases provides stable cash flow.
  • Strong customer base: Over 157,000 residents within a 10-minute drive, with average household income exceeding $82,000.
  • Minimal future capital expenditures due to recent complete redevelopment.
  • Excellent visibility on 66th Street N (42,000 VPD) and convenient access via 46th Avenue N (5,900 VPD); four miles from Gulf beaches and minutes from downtown St. Petersburg.

Property Details for 4501 66Th St

Property type
Lifestyle centers, Power centers
Square Feet
97,399 SF

Location Insight

City
Kenneth City
County
Pinellas
State
Florida
Latitude
27.8132989
Longitude
-82.726834

FAQs

What type of property is this?
Lifestyle center - Florida Retail Center - $9.1M
Where is the lifestyle center located?
The property is located at 4501 66Th St Kenneth City, FL.
What is the asking price?
The asking price for this property is $9,100,000.
What are key features of this property?
This property features: Strong anchors: Sprouts (shadow anchor), At Home, and Five Below drive significant foot traffic.; 10-year lease with contractual rent increases provides stable cash flow.; Strong customer base: Over 157,000 residents within a 10-minute drive, with average household income exceeding $82,000.
How can I contact the broker?
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4501 66Th St
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