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Applebee's - St Petersburg FL 4700 4th St N 4,939 SF Retail Building Saint Petersburg, FL 33703 $7,489,673 CAD ($1,516.44 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining | Annual Rental Increases | Established Brand | Strong Operator
- Dense Retail Corridor | Strong National/Credit Tenant Presence | St. Anthony’s Hospital | Nearby Schools
- Strong Demographics in 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Along 4th St | Interstate 275 | Excellent Visibility & Access
EXECUTIVE SUMMARY
• The tenant currently has 7+ years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 1% annual rental increases during the initial term and options thereafter, growing NOI and hedging against inflation
• The lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee
• Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024
• The lease features 1% annual rental increases during the initial term and options thereafter, growing NOI and hedging against inflation
• The lease is guaranteed by Neighborhood Restaurant Partners, a 100+ unit franchisee
• Applebee’s franchise operations consisted of 1,567 Applebee’s restaurants in the United States and 47 company-operated U.S restaurants as of December 29, 2024
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,939 SF
Building Class
B
Year Built
1994
Price
$7,489,673 CAD
Price Per SF
$1,516.44 CAD
Cap Rate
6.50%
NOI
$486,787 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.12 AC
Zoning
General Commercial
Parking
70 Spaces (14.17 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-31-17-01324-001-0010 | Improvements Assessment | $599,441 CAD |
| Land Assessment | $2,117,918 CAD | Total Assessment | $2,717,359 CAD |
PROPERTY TAXES
Parcel Number
06-31-17-01324-001-0010
Land Assessment
$2,117,918 CAD
Improvements Assessment
$599,441 CAD
Total Assessment
$2,717,359 CAD
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Applebee's - St Petersburg FL | 4700 4th St N
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