Drive-Through Coffee
For Sale
$2,033,333
9299 4th St N, St Petersburg, FL 33702
Newly built, freestanding coffee shop leased on an absolute NNN basis with long-term contractual occupancy.
Property Size664 SF
Price / SF$3,062
Days on Market32
Property Features for 9299 4th St N
General Information
Standard status
Active
Size
664 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Financials
Cap Rate
6%
Gross Income
$122,000
Site & Location
Drive-Thru
Yes
Traffic Count
36,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
Long-Term Abs NNN Lease: Scooter's Coffee operates under a 20-year absolute NNN lease through December 2045, with approximately 19 years of remaining term and no landlord maintenance responsibilities.
Contractual Rent Growth: The lease includes 10% rent increases every five years, increasing annual rent from $122,000 to $162,382 during the initial term and providing predictable income growth.
Attractive Blended Return: The offering provides a 6.96% blended cap rate across the initial 20-year lease term.
Personal Lease Guarantee: The lease is backed by a personal guarantee, providing an additional layer of security.
Dense Surrounding Population: The property serves a population of more than 159,000 residents within five miles, creating a substantial built-in customer base.
Strong Household Incomes : Average household income exceeds $94,000 within three miles and $97,000 within five miles, supporting consistent consumer spending.
Newly Constructed 2024 Property: The 664-square-foot drive-thru building was completed in 2024, limiting near-term capital requirements.
Strong Retail Fundamentals: The surrounding retail market maintains a low 3.8% vacancy rate, reflecting strong occupancy and limited available retail space.
Building Details
Building Size
664 SF
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Tarek Chbeir · License #License(s): FL: SL3449535
(407) 557-3834
Source:
Marcusmillichap
Added: Aug 2
Changed: Aug 23
Last Checked: Sep 1 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This 664-square-foot drive-through coffee shop was completed in 2024 and is occupied by Scooter’s Coffee. The property is subject to a 20-year absolute NNN lease extending through December 2045, with approximately 19 years remaining and no landlord responsibilities. Contractual rent increases occur at 10% every five years, and the lease includes renewal options and a personal guarantee.
The property occupies a location on 4th Street North in St. Petersburg, Florida, where traffic exceeds 36,000 vehicles per day. It is near Gandy Boulevard, I-275, and the Gateway employment district. Within five miles, the surrounding market includes more than 159,000 residents and approximately 76,700 households, with average household income exceeding $96,000. Retail vacancy in the surrounding market is reported at 3.8%.
The property occupies a location on 4th Street North in St. Petersburg, Florida, where traffic exceeds 36,000 vehicles per day. It is near Gandy Boulevard, I-275, and the Gateway employment district. Within five miles, the surrounding market includes more than 159,000 residents and approximately 76,700 households, with average household income exceeding $96,000. Retail vacancy in the surrounding market is reported at 3.8%.
Key Highlights
- 664‑square‑foot drive‑through building completed in 2024
- 20‑year absolute NNN lease through December 2045
- Approximately 19 years of remaining lease term
Property Analytics
Property Profile
Current Use
Lease Details
36,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
181k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 33%
Electronics 1%
Beauty & Spa 1%
Wawa
Shops & Services
40,109 visits/mo
0.4 miles
McDonald's
Dining
24,654 visits/mo
0.2 miles
Culver's
Dining
18,427 visits/mo
0.2 miles
Starbucks
Dining
14,554 visits/mo
0.3 miles
Wendy's
Dining
10,899 visits/mo
0.2 miles
Demographics for 33702, FL
29,996
Population
16,240
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
10.4 sq mi
ZIP Area
2,884
Density / Sq Mi
$65,503
Median Household Income
$43,860
Median Earnings
$1,369
Median Rent
$293,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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- I.C. Sharks Seafood Market, Bar & Cafe — 10020 Gandy Blvd N, St. Petersburg, FL 33702
- BUTTERMILK EATERY — 10316 Roosevelt Blvd N, St. Petersburg, FL 33716
Frequently Asked Questions
What type of property is this?
Coffee shop - Newly built, freestanding coffee shop leased on an absolute NNN basis with long-term contractual occupancy.
Where is this coffee shop located?
The property is located at 9299 4th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $2,033,333.
What are key features of this property?
This property features: 664‑square‑foot drive‑through building completed in 2024; 20‑year absolute NNN lease through December 2045; Approximately 19 years of remaining lease term
