Absolute Net Lease
For Sale
Contact for pricing
2525 54th Ave N, St Petersburg, FL 33714
Three single-tenant restaurant locations feature scheduled rent increases and additional rent kickers.
Property SizeContact for details
Days on Market140
Property Features for 2525 54th Ave N
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
5.5%
Building Details
Buildings
3
Listing Agency:
Foresight Property Services LLC
(813) 855-3800
Listed By:
Trifon Houvardas · License #FL 3073360
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 1:46PM
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 Foresight Property Services LLC
Investment Insights
Based on property information with market context.
This portfolio comprises three single-tenant Waffle House properties, with each building measuring 1,700 SF. The assets are subject to absolute net ground leases, placing no landlord responsibilities on ownership. Each location also includes additional rent kickers, and a 10% rental increase is scheduled within the next 24-48 months. The portfolio carries a 5.50% CAP rate.
The properties are located on 54th Ave N in St. Petersburg, 57th St. E in Bradenton, and at I-75 and SR 44 in Wildwood. Together, the locations provide a geographically distributed restaurant portfolio across the West Coast of Florida. The offering includes three separate lease positions under the same absolute net structure, with each site occupied by a single Waffle House operation.
The properties are located on 54th Ave N in St. Petersburg, 57th St. E in Bradenton, and at I-75 and SR 44 in Wildwood. Together, the locations provide a geographically distributed restaurant portfolio across the West Coast of Florida. The offering includes three separate lease positions under the same absolute net structure, with each site occupied by a single Waffle House operation.
Key Highlights
- Three single‑tenant Waffle House properties included
- Each building contains 1,700 SF
- Absolute net ground leases with no landlord responsibilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 43%
Hotels & Casinos 9%
RaceTrac
Shops & Services
33,657 visits/mo
0.1 miles
Cracker Barrel Old Country Store
Dining
24,152 visits/mo
0.3 miles
Waffle House
Dining
9,637 visits/mo
0.0 miles
Holiday Inn Express & Suites St. Petersburg North (I-275), an IHG Hotel
Hotels & Casinos
3,052 visits/mo
0.3 miles
Fairfield Inn & Suites by Marriott St Petersburg North
Hotels & Casinos
2,643 visits/mo
0.1 miles
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Three single-tenant restaurant locations feature scheduled rent increases and additional rent kickers.
Where is this nnn property located?
The property is located at 2525 54th Ave N St Petersburg, FL.
What are key features of this property?
This property features: Three single‑tenant Waffle House properties included; Each building contains 1,700 SF; Absolute net ground leases with no landlord responsibilities
