Retail•Free Standing•For Sale

Taco Bell

903 Pasadena Avenue South, South Pasadena, Florida 33707

Sale Price $2,706,000
Sale Type Investment
Sale Condition NNN Investment
Tenant Yes
Bldg Type Single-Tenant
Class A
Status Existing
Year Built 2014
Stories 1
Cap Rate 5.00%
RBA 2,141 SqFt
Land Area .59 Acres
Commission Yes 2.5% Buy Side Fee
OMDM is pleased to present the exclusive listing for a Taco Bell located at 903 Pasadena Avenue S. St. Petersburg, FL 33707. The site consists of roughly 2,141 rentable square feet of building space that sits on a 25,700 square feet of land. The Taco Bell is subject to a 25-year absolute triple-net (NNN) sale-leaseback, with 20 years remaining on the initial term. The current rent is $135,300 per year ($11,275 per month) and has very rare, favorable Rent Increases of Ten percent (10%) Every Five Years throughout the initial term and beach of the five (5), five (5)-year tenant renewal options.
  • Newly Constructed Taco Bell with Long-term True Absolute Triple Net (NNN) Lease, with No Landlord Responsibilities
  • Rare 10% Rent Increases Every Five Years providing strong increasing returns Throughout the 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
  • 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 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

1 Spaces

Restaurant
1
1/16/2020 12:00:00 AM 1/16/2020 7:36:03 PM
Ted Dowding
Broker
Off Market Deal Makers
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