Free Standing Restaurant Building!

Retail-Commercial for Sale
Catylist Listing ID: 30730385
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 2,133 SF
Gross Land Area: 12,000 SF
Sale Price: $460,000
Unit Price: $215.66 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,133 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 7.8%
Last Updated: 8/24/2021

Overview / Comments

This is an unique opportunity to acquire a free standing restaurant building in Gulfport at the busy intersection of 49th St S and Gulfport Blvd S. The property faces 49th St S and is an outparcel to the Gulfport Plaza containing Save-a-Lot Grocery, Family Dollar, many other retailers. Excellent visibility with monument signage.

Sale leaseback being proposed for a 2year initial term with 3 year option with initial base rent at $36/yr NNN producing a 7.8% cap rate.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 31 28 00000 430 0300
Zoning: CL-2
Property Located Between: Located at the busy intersection of 49th St S and Gulfport Blvd S (in front of the Gulfport Plaza)
Property Visibility: Excellent
Largest Nearby Street: 49th Street S
Highway Access: US-19
Airports: St. Peter/Clearwater; Tampa
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1952
Construction/Siding: Block
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,238 114,297 251,610
Median Age: 42.67 43.82 44.39
Households: 7,856 50,487 114,142

Contact

Photograph of Listing Agent

Erik Carlson

MICHAEL SAUNDERS & COMPANY
MFCRE Member
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