Shoppes on Fourth
Closed1300 4th Street N, Saint Petersburg, FL 33701
Property type
Retail
Unit / Space count
2
Price
$7,050,000
Building size
9,030 sf
Rentable area
9,030 SF
Year built
2018
Year renovated
Occupancy
Zoning code
Lot size
1.44 Acres
Sold/status
Sold · Date unknown
Sale price
$7050000
Property description
Franklin Street is pleased to present Shoppes on Fourth located in St. Petersburg, Florida. The property is located on a main retail artery, less than a mile from downtown St. Petersburg. The property is finishing up construction and expected to open in the fall of 2018. The center is leased to a strong mix of national tenants including: Zoe’s Kitchen, Pearle Vision, Rubio’s Coastal Grill, and AT&T. Shoppes on Fourth has easy access with three separate access points to the property. The Fourth St corridor is one of the strongest in St. Petersburg and is home to some of the strongest national tenants in the region including: Publix, Trader Joe’s, Fresh Market, Panera, Chipotle, and many other coveted retailers. Fourth St is one of the main thoroughfares for workers getting to downtown from the northside and one of the main restaurant nodes that services downtown and the surrounding neighborhoods. Shoppes on Fourth offers an investor a low maintenance asset where each of the four leases reimburse fully for CAM, taxes, insurance, management, as well as admin fees.
Property highlights
- Brand New Construction High-End Strip Center
- National Tenant Line-Up
- Attractive 10-Year NNN Leases
- Rent Increases Every 5 Years During Lease Terms
- One of the Strongest Retail Corridors in St. Petersburg
- 2nd Largest MSA in the State of Florida
- Less than One Mile from Downtown St. Petersburg
- Excellent Visibility on 4th Street with 28,500 VPD
- 325,000+ Residents within a 10-Minute Drive of the Property
- Low Maintenance Property with Transferable Warranties
- Surrounded by National Retailers including: Publix, Trader Joe’s, Fresh Market, Panera, Chipotle, among others