Taco Bell | Absolute Triple Net (NNN)

903 Pasadena Ave S, St. Petersburg, FL

$2,706,000

Price

5%

Cap Rate

$135,300

NOI

Overview
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
Common Area Maintenance
Tenant’s Responsibility
Insurance
Tenant’s Responsibility
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
Documents
Title
Offering Memorandum
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Location
Gallery