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1229 Missouri Ave Largo, FL 33770

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For Sale
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High-yield, NNN-leased fitness center.

Property size:
45,000 SF

Property Features for 1229 Missouri Ave

General Information

Property type
Lifestyle centers
Square Feet
45,000 SF
Lot Size
212,573 SF

Building Details

Year Built
2014
Buildings
1
Units
1

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Listing Contact
Ari Ravi
Ari Ravi

Listing Agency: Ripco Real Estate Listing Agent: Ari Ravi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 45,000 square foot, single-tenant retail building in Largo, Florida, fully occupied by LA Fitness under a NNN lease with a corporate guarantee. The property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $773,856. Built in 2014, the building sits on a 4.88-acre lot with 252 parking spaces and is strategically located at the signalized intersection of Missouri Avenue (30,000 AADT) and Jasper Street, benefiting from high visibility and traffic counts. The lease has 7 years remaining, providing long-term stability and income potential. The property is zoned C2 and enjoys a prime location near other major retailers, including TJ Maxx and Ross Dress for Less. This asset is situated in an Opportunity Zone, offering additional investment incentives. The property's strong demographics, with a 3-mile population of 108,936 and an average household income of $88,721, further enhance its investment appeal. The asking price is $11,465,000, representing a price per square foot of $254.78. This is a fully stabilized, cash-flowing investment with a national tenant and significant upside potential through lease option periods. The property's location and tenant strength make it an attractive addition to any portfolio. The Pinellas County property features a single building and is conveniently located at 1229 Missouri Ave N, Largo, FL 33770.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Fuel Up Cafe Specialty Food Shop British Swim School ... Swimming School Seriously Fresh Restaurant Maple Self Storage ... Storage Facility Esporta Fitness Gym & Fitness Center

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Largo
County
Pinellas
State
Florida
Longitude
-82.788411535141
Latitude
27.929590195047

FAQs

What type of property is this?
Lifestyle center - High-yield, NNN-leased fitness center.
Where is this lifestyle center located?
The property is located at 1229 Missouri Ave Largo, FL.
What is the asking price?
The asking price for this property is $11,465,000.
What are key features of this property?
This property features: National fitness chain LA Fitness (owned by Fitness International) is the tenant.; Esporta (tenant since 2014) has a lease with 5.8 years remaining plus three 5-year options.; Strong demographics: 108,936 residents, $88,721 average household income, and 110,651 daytime population within a 3-mile radius.
(727) 452-6864 Call to check price and availability
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