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2180 4th St N 4,148 SF Retail Building Saint Petersburg, FL 33704 $5,847,973 CAD ($1,409.83 CAD/SF) 4.31% Cap Rate
Investment Highlights
- NNN Investment Opportunity
- 4% cap rate
- 5 year term with escalations
Executive Summary
Lake Michigan Credit Unit purchased Pilot Bank! they have just exercised their 1 of 2 - 5 year options with 3% annual increases! Single user, . This is the NNN investor's dream.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,148 SF
Building Class
B
Year Built
1974
Price
$5,847,973 CAD
Price Per SF
$1,409.83 CAD
Cap Rate
4.31%
NOI
$251,762 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.47 AC
Zoning
CCT-2 - corridor commercial traditional
Parking
20 Spaces (5.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Pilot Bank
- -
- -
- -
- Oct 2023
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Pilot Bank | - | - | - | Oct 2023 |
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-31-17-18792-001-0010 | Improvements Assessment | $796,843 CAD |
| Land Assessment | $1,531,801 CAD | Total Assessment | $2,328,644 CAD |
Property Taxes
Parcel Number
18-31-17-18792-001-0010
Land Assessment
$1,531,801 CAD
Improvements Assessment
$796,843 CAD
Total Assessment
$2,328,644 CAD
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2180 4th St N
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