695 Central Avenue, St. Petersburg, FL, USA

STRONG NATIONAL & SUCCESSFUL LOCAL TENANTS 

• The Melting Pot is a chain of franchised fondue restaurants in the United States and Canada. The company was founded in Maitland, FL in 1975 and is headquartered in Tampa, FL. The fondue franchise has grown to over 96 locations as of 2024. This location will serve as their flagship store for their new restaurant format 

• IMAGE Studios is a franchise chain of luxury salon suites for health, wellness, and beauty professionals. In the 15 years since its inception, IMAGE Studios has grown to 119 locations across the nation 

• Southern Grounds Coffee is a Jacksonville based coffee shop with 5 total locations. This store is their first in West Florida. They are currently looking to expand in most states in the Southeast 

STABLE CASH FLOW WITH MINIMAL LANDLORD RESPONSIBILITIES / POSSIBLE USER INVESTMENT OPPORTUNITY 

• All four units are fully leased or 1,610 SF can be occupied by an end user while collecting income from the remaining 3 tenants 

• Three of the current tenants have new 10-year NNN leases, while one has a 3-year NNN lease (to be executed upon closing), all featuring two 5-year renewal options 

• Each lease has 10% increases every 5 years through the original term and option periods

STRATEGIC LOCATION 

• The property is in the heart of downtown St. Petersburg, a highly desirable location with opportunities rarely becoming available to investors 

• The property is located within a block of a new Publix Supermarket, the new high-end Hermitage Apartment Homes building, the new high-end Camden Central Apartments, 930 Central Flats, and just west of the new Big Apple Project 

• Downtown St. Petersburg has an extremely strong walk score (98) and bike score (97) providing additional foot traffic from surrounding residents 

STRONG DEMOGRAPHICS

• 101,137 population within a 3-mile radius

• $113,247 average household income within a 3-mile radius

• 221,781 daytime population within a 5-mile radius