Taco Bell Absolute Triple Net (NNN) 903 Pasadena Ave S, St. Petersburg, FL Cap Rate 5% Pasadena (St. Petersburg, Florida, US ) Built

$2,706,000 USD
Dollars

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  • Type: Commercial
  • Style: Commercial
  • Size: 2,141 sq. ft.
  • Development Level: Built
  • Lot Size: 0.59 acres
  • Year Built: 2014

Description

Taco Bell Absolute Triple Net (NNN) 903 Pasadena Ave S, St. Petersburg, FL Cap Rate 5%

Cap Rate: 5%
NOI: $135,300
Building Size: 2,141 sqft
Lot Area: 0.59 acres
Occupancy: 100%
Class: A
Lease Type: Absolute Net
Year Built: 2014
Gross Leaseable Area: 2141
Roof & Structure: Tenant’s Responsibility

Price: $2,706,000 USD

DESCRIPTION
Newly Constructed Taco Bell with Long-term True Absolute Triple Net (NNN) Lease, with No Landlord Responsibilities.
Dense Retail Corridor | Wendy's, CVS Pharmacy, Wells Fargo, 7-Eleven, Anytime Fitness, Walmart Neighborhood Market, Dunkin Donuts, Bealls Outlet, GNC, and Many More
This Asset Features Rare 10% Rent Increases Every Five Years Providing Strong Increasing Returns Throughout The Long Term Lease.
Located Just Minutes from Florida’s Beautiful West Coast Beaches, and Downtown St. Petersburg
St. Petersburg Is Located In Pinella's County and is The Fifth Most Populous City The State of Florida. St. Petersburg is Part of the Tampa Bay Area which is Composed of Roughly 2.8 Million Residents
This Location is Operated By Taco Bell Franchisee Bde Florida, Llc. Bde Operates Approximately 27 Taco Bell Locations, Fast Growing Operator, With Ivy League Educations.
Over 261,319+ People within 5-mile Radius with 272,323 projected by 2024 | Rapidly Growing Florida Market.

HIGHLIGHTS
• Newly Constructed Taco Bell with Long-term True Absolute Triple Net (NNN) Lease, No Landlord Responsibilities
• Rare 10% Rent Increases Every Five Years providing strong increasing returns Throughout the lease.
• Over 261,319+ People within 5-mile Radius with 272,323 projected by 2024 | Rapidly Growing Florida Market
• Dense Retail Corridor | Wendy's, CVS Pharmacy, Wells Fargo, 7-Eleven, Anytime Fitness, Walmart Neighborhood Market, Dunkin Donuts, Bealls Outlet, GNC, and Many More
• St. Petersburg Is Located In Pinella's County and is The Fifth Most Populous City The State of Florida. St. Petersburg is Part of the Tampa Bay Area which is Composed of Roughly 2.8 Million Residents
• This Location is Operated By Taco Bell Franchisee Bde Florida, Llc. Bde Operates Approximately 27 Taco Bell Locations, Fast Growing Operator, With Ivy League Educations.
• Located Just Minutes from Florida’s Beautiful West Coast Beaches, and Downtown St. Petersburg

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.