9299 4th N St St Petersburg, FL 33702-3131

This exceptional investment opportunity presents a brand-new, fee-simple Scooter's Coffee location in St. Petersburg, Florida. The property, completed in 2024, boasts a 664 square foot building situated on a 0.76-acre lot at 9299 4th St N, 33702. This single-tenant, absolute triple-net (NNN) lease offers a secure, long-term investment with a 25-year term remaining, featuring 10% rent bumps every five years and five (5), five (5) year lease options. The franchisee-guaranteed lease ensures minimal landlord responsibilities, with the tenant covering all taxes, insurance, and maintenance. The property enjoys a prime location with high visibility and traffic counts (20,000 VPD), surrounded by other national retailers including Publix, Chick-fil-A, Walmart, and McDonald's. The strong location, coupled with Scooter's Coffee's proven success (800+ locations nationwide) and high average unit volume (AUV ranging from $850,000 to over $1.5 million), projects a robust return on investment. The asking price is $2,175,000, representing a $3,275.60 price per square foot and a 7.00% cap rate, with a current NOI of $152,250. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market. The property's 100% occupancy and strong tenant credit further enhance its appeal.