4047 4th N St Saint Petersburg, FL 33703-5724
Property profile & analytics
4047 4th N St, Saint Petersburg, FL 33703-5724
- Drive through restaurants
- 3,575 SF
- 0.79 lot acres
Property ID
US18-8460952
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Wendy's / Restaurant / Take-out & Catering
Property Details for 4047 4th N St
- Year built
- 2016
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.79 lot acres
- Property size
- 3,575 SF
- Property type
- Drive through restaurants
- APN
- 06-31-17-12970-000-0010
- APU
- 63117129700000010
Description
This exceptional investment opportunity presents a Wendy's restaurant located at 4047 4th St N, St. Petersburg, FL 33703. The property boasts a 3,575 square foot building on a 0.79-acre lot, constructed in 2016. It features a 15-year ground lease with a corporate guarantee from Wendy's International, a significant player in the fast-food industry with over 5,938 US locations and $2.095 billion in 2022 revenue. The lease, a NNN (Net, Net, Net) agreement, commenced on December 31, 2016, and has approximately 7.1 years remaining until its expiration on December 31, 2031. The lease includes five five-year renewal options. Rent increases by 10% every five years, with the next increase scheduled for January 1, 2027. The property currently enjoys 100% occupancy and generates a Net Operating Income (NOI) of $129,250, resulting in a 4.65% capitalization rate. The asking price is $2,779,570. The location is exceptionally strong, with six national grocery stores within one mile, including Whole Foods, Publix, Trader Joe's, and Fresh Market, demonstrating high retail demand and virtually zero vacancy. Daily traffic counts reach 41,000 vehicles, and the area's population density is significant, with 15,000 residents within one mile and 110,000 within three miles. Pinellas County, the most densely populated county in Florida, further supports this property's value. This Wendy's offers a stable, low-management investment opportunity with a strong tenant and prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,780,000
- ML approach
- $2,780,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,770,000
- AI Estimate
- $2,770,000
Market price range: $969k - $3.66MMarket price range: $969k - $3.66M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,195,000 Current use
- COMMERCIAL (GENERAL)
- $2,145,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6381
- Latitude
- 27.8091
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,171
$0.00
$0.00
$1,620,000
-
$780,557
$839,443
$1,620,000
