695 Central Avenue, St. Petersburg, FL, USA

St. Petersburg, Florida

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Total Square Feet

±15,486 SF

Asking Price

$11,395,500

NOI

$683,730

All three units are fully leased
All of the current tenants have new 10-year NNN leases,, all featuring two 5-year renewal options
Each lease has 10% increases every 5 years through the original term and option periods
The property is in the heart of downtown St. Petersburg, a highly desirable location with opportunities rarely becoming available to investors
Downtown St. Petersburg has an extremely strong walk score (98) and bike score (97) providing additional foot traffic from surrounding residents
101,137 population within a 3-mile radius
$113,247 average household income within a 3-mile radius