2180 4Th St St. Petersburg, FL 33704
- Banks
- 4,148 SF
- 0.46 lot acres
Current Use by Public Records
- Kona Phanly, Mortgage Sales Manager, Lake Michigan Credit Union, NMLS#860950 / Mortgage Lender
- LMCU / Credit Union
Property Details for 2180 4Th St
- Year built
- 1974
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.46 lot acres
- Property size
- 4,148 SF
- Property type
- Banks
- APN
- 18-31-17-18792-001-0010
- APU
- 183117187920010010
Description
This exceptional investment opportunity presents a 4,148 square foot bank building located at 2180 4th St N, St. Petersburg, Florida, 33704, in Pinellas County. The property sits on a 0.46-acre lot and offers a strong net lease (NNN) structure with a credit-rated tenant. The current asking price is $4,400,000, yielding a compelling 3.96% cap rate. The building boasts a high net operating income (NOI) of $174,453. The tenant, Lake Michigan Credit Union, has a proven track record and has recently exercised a five-year lease option renewal, ensuring long-term stability. The lease includes annual rent bumps of 3%, providing consistent growth in rental income. The initial occupancy date was November 1, 2018, and the lease includes two five-year renewal options. This prominent corner location on 4th Street and 22nd Avenue offers excellent visibility and accessibility. The property's strong financials, secure lease terms, and prime location make it an ideal addition to any investment portfolio. This is a true NNN lease, minimizing landlord responsibilities and maximizing passive income potential. Don't miss this chance to acquire a high-performing, low-maintenance investment property in a thriving Florida market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.639
- Latitude
- 27.7919
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
