9299 4Th StSt. Petersburg, FL 33702

Property Details for 9299 4Th St

Year built

1990

Lot size

0.36 AC

Property size (Sq ft)

738 SF

Property type

Land

Property subtype

Commercial land

APN

19-30-17-64924-001-0010

APU

193017649240010010

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $256,337

  Hospitality

  $234,804

  Educational

  $195,354

  Medical

  $202,072

  Retail

  $303,884

Location Insight

City

St Petersburg

County

Pinellas

State

Florida

Latitude

27.8564

Longitude

-82.6384

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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