903 Pasadena Avenue South, South Pasadena, Florida 33707
For Sale
$2,706,000
About 903 Pasadena Avenue South
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.
Investment
NNN Investment
Yes
Single-Tenant
A
Existing
2014
1
5.00%
2,141 SqFt
.59 Acres
Yes 2.5% Buy Side Fee
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