St Petersburg Gas Station For Sale

Highlights:

• True Absolute NNN Investment at $6,500/month with no landlord responsibilities
• 7.9% cap rate on NNN structure
• Sunoco Gas Station Franchise since 2015 signing new 5 year lease at closing
• Located in a high-traffic area of North St. Petersburg near US-19 and I-275
• Surrounded by dense residential, retail, and commercial development
• Prime location in one of Florida’s most rapidly growing metro markets

Description:

True NNN Sunoco gas station investment offering $6,500/month in absolute net rent ($78,000/year) with a strong 7.9% cap rate and zero landlord responsibilities—ideal for passive investors seeking stable, hassle-free income. Located on a high-traffic corner in the North St. Petersburg / Pinellas Park submarket with direct access to US-19 and I-275, the property is positioned in one of Florida’s top-performing commercial corridors. The same successful tenant has operated here since 2015 and is signing a new 5-year lease at closing, providing proven performance and near-term security. Surrounded by strong demographics, active redevelopment, and diverse income streams, this is a turnkey opportunity in a rapidly growing market.

The metro’s economic engine is strong, driven by healthy sectors like healthcare, technology, finance, retail, and tourism. Retail sales per capita top $21,400, with food and accommodation revenues nearing $965M—demonstrating sustained consumer demand and elevated spending power. Cultural vitality is evident in the downtown’s arts, museums, and a booming luxury-living scene: the recent topping‑out of St. Pete’s tallest tower (Residences at 400 Central) and the impending Waldorf Astoria residential project reinforce the city’s elevated investor profile.

Development is also expanding southward. The Skyway Marina District is undergoing a major transformation, with over 2,000 apartments, 69,000 sq ft of retail (including a Sprouts grocery), and new national brands like Starbucks—signaling growing demand and urban mobility. Additionally, the YMCA-owned Whitney Village site is poised for a $12 million conversion into mixed-use space with 325 apartments and retail on 4.5 acre. a young-to-mature market, upward income mobility, surging residential redevelopment, and bold municipal support. For an investor, the area’s affordability, rental demand, and resilience to economic cycles make it ripe for cash flow and appreciation.

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