4870 Park St
Saint Petersburg, FL 33709
Verizon Wireless: St. Petersburg, FL · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 5,171-square-foot freestanding Verizon Wireless situated on 0.81 acres in St. Petersburg, Florida, the second-largest city in the Tampa-St. Petersburg-Clearwater, FL MSA (MSA Population: 3.04 Million). Verizon’s original lease at this location commenced in 2008, and they recently exercised their first renewal option demonstrating their continued commitment to the site. The lease now has ±5 years of term remaining with one remaining option to renew which includes a 10% rent increase. The property is strategically located with excellent access and visibility on a hard corner at the intersection of Park Street North (Traffic Count: 37,500 VPD) and Sheen Drive, just north of Tyrone Blvd/Bay Pines Boulevard (Traffic Count: 40,000 VPD) which provides direct access to both Downtown St. Petersburg (10 miles to the southeast) and the area’s renowned beaches on the Gulf of Mexico (4 miles to the west). Verizon is also situated as an outparcel and at a signalized entrance to the 157,408-square-foot Park Street Retail Center, which is occupied by Kohl’s, Ross Dress for Less, Total Wine & More and further tenanted by Starbucks, Hair Cuttery, Wendy’s and Fifth Third Bank. Verizon benefits from its location within one of St. Petersburg’s primary retail and commercial corridors with 8.0 MSF of retail, 1.5 MSF of office, 2.3 MSF of industrial and 5,417 multifamily units within a 3-mile radius. Other major retailers within the immediate vicinity include Walmart Supercenter, Target, The Home Depot, Sears Outlet, PetSmart, Publix, Anytime Fitness, Dollar Tree, GameStop, Walgreens, CVS, BB&T, Bank of America, Outback Steakhouse, Steak ‘n Shake, Marathon among a multitude of others. Additionally, Verizon is provided with a substantial built-in customer base due to its location within 2.5 miles of St. Petersburg General Hospital (215 Beds) and the 900,000-square-foot Tyrone Square Mall (Anchors: JCPenney, DSW, Macy’s, Dillard’s and Dick’s Sporting Goods). Verizon also enjoys dynamic demographics with a population of 95,419 and an average household income of $64,427 within a 3-mile radius.