Retail Property with Corporate
900 49th Street N, St Petersburg, FL 33710
For Sale
Contact for pricing
Retail property guaranteed by Walgreens, a national pharmacy retailer.
Property Size15,042 SF
Price / SF$393.16
Days on Market233
Property Features for 900 49th Street N
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Stream Capital Partners
Listed By:
Connor Shell · License CA #01993313
(407) 913-9009
Source:
Crexi
Added: Mar 24
Changed: Nov 3
Last Checked: Nov 10 at 6:06AM
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 Stream Capital Partners
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Investment Insights
Based on property information with market context.
This commercial property, suitable for retail and drug store use, is guaranteed by Walgreens, a leading national pharmacy retailer with over 8,500 locations. The property offers a corporate-backed lease, potentially providing investors with a reliable and stable income stream. The property has a size of 15,042 square feet.
Key Highlights
- Strong Corporate Guarantor: Walgreens guarantees the lease.
- Walgreens is a leading national pharmacy retailer with over 8,500 locations.
- Reliable and stable corporate‑backed lease.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,994
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,999,880
$4.0M
Cap Rate 7%
$2,857,057
$2.9M
Cap Rate 9%
$2,222,156
$2.2M
Market Conditions
NOI Build-Up for 15,042 SF
Gross rent
$285.2K $18.96/SF
− Vacancy
−$18.5K −$1.23/SF
EGI
$266.7K $17.73/SF
− OpEx
−$66.7K −$4.43/SF
NOI
$200.0K $13.30/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,999,880
Cap Rate 7%
$2,857,057
Cap Rate 9%
$2,222,156
Alternative Uses
Best Use
Specialty Retail
$2.86M
$2.50M – $3.33M
NOI $199,994 @ 7.0% cap · market cap 3.38%
Second Best
Retail
$2.56M
$2.24M – $2.99M
NOI $179,105 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,878 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
2,567 visits/mo
0.4 miles
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Siesta Botanicals — 5225 8th Ave S, Gulfport, FL 33707
- CVS Pharmacy — 5801 Central Ave, St. Petersburg, FL 33710, United States
- Genoa Healthcare — 4024 Central Ave, St. Petersburg, FL 33711
- Sherilyn R. Smith, BS — 4024 Central Ave, St. Petersburg, FL 33711
Frequently Asked Questions
What type of property is this?
Drug store - Retail property guaranteed by Walgreens, a national pharmacy retailer.
Where is this drug store located?
The property is located at 900 49th Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $5,913,896.
What are key features of this property?
This property features: Strong Corporate Guarantor: Walgreens guarantees the lease.; Walgreens is a leading national pharmacy retailer with over 8,500 locations.; Reliable and stable corporate‑backed lease.
