4501 66Th St Kenneth City, FL 33709

This exceptional investment opportunity presents a brand-new, single-tenant net-leased Sprouts Farmers Market in St. Petersburg, Florida. The 23,256-square-foot building, constructed in 2023, sits on a 2.55-acre lot and boasts a 15-year lease with Sprouts (NASDAQ: SFM), commencing August 18, 2023, and expiring August 31, 2038. The lease includes four 5-year option periods and rent increases every five years, ensuring consistent income growth. This strategically located property enjoys high visibility on a signalized intersection with a combined daily traffic count exceeding 48,000 vehicles. Its prime location in a high-growth, affluent coastal suburb of Tampa, within close proximity to Hollins High School, St. Petersburg College, and HCA Florida St. Petersburg Hospital, guarantees a strong customer base. The property's strong corporate guarantee from Sprouts, a nationally recognized grocery chain with over 400 stores across 23 states, further enhances its investment appeal. The current Net Operating Income (NOI) is $476,748, resulting in a 5.50% cap rate. This is a rare opportunity to acquire a high-performing, inflation-resistant asset in a thriving market, offering a compelling return on investment for years to come. The asking price is $8,670,000, with a price per square foot of $372.81. The property's address is 4501 66th St N, St. Petersburg, FL 33709, Pinellas County. The APN is 05-31-16-00000-320-0500.