NNN Checkers Drive in St Petersburg

  • Price: US $1,696,150
  • Property Type: Free standing                    
  • Occupancy: 100%
  • CAP: 5.65 %
  • Building Area: approx.  SF± 830 SF = 77m²
  • Lot:  approx.  SF 22,307 SF = 2072.m²
  • NOI: US $95,832
  • Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: 15 years
  • Increases: 10% every 5 year
  • Extensions: 1- 5 years’ options
  • Guarantor: Checkers Corporation
  • Location: OUTPARCEL TO INSTITUTIONALLY OWNED RUTLAND PLAZA Strong population growth in the Tampa Bay metro of +11% (2010-2017) Dense population of 106,000+ within a 3-mile radius St. Petersburg sits on a peninsula, providing naturally existing barriers to entry Few existing undeveloped tracts of land in the area will continue to push rents upward over time Positioned at the heavily trafficked intersection of 62nd Avenue and MLK street with 35,000+ ADT, and minutes from I-275 with 132,000+ ADT