Fourth North Pavilion – St. Petersburg, FL

Fourth North Pavilion – St. Petersburg, FL

Fourth North Pavilion – St. Petersburg, FL
4946 4th Street North
St Petersburg, FL 33703

$2,147,899

Cap Rate 7.00%
Gross Leasable Area (GLA) 6,377 Sq.Ft.
Price Per Square Foot (GLA) $336
Year Built 2005
Lot Size 0.66 Acres
  • Starbucks Anchored Center | Rare Fourth Street Location
  • Stabilized |100 Percent Occupancy
  • Infill St. Petersburg Location | No State Income Tax
  • One of Top Performing Starbucks in Region
  • Dense Demographics: 3-Mile Population of 103,786 +/- and 5-Mile Population of 213,435+/-
  • Projected Returns: Cash-on-Cash of 9.08 Percent & Total Return of 15.36 Percent
  • 33,500 ADT on 4th Street North
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Fourth North Pavilion – St. Petersburg, FL (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to offer for sale, Fourth North Pavilion, located on the northeast corner of 4th Street North and 50th Avenue North in St. Petersburg, Pinellas County, Florida. This is a four tenant retail center anchored by Starbucks with approximately 6,377 +/- of gross leasable square feet. The subject property is positioned on a 0.66 +/- acre lot with ample parking and superior visibility and access on 4th Street North.

St. Petersburg is the fifth most populous city in the state of Florida with a population of 249,688, per the 2013 census. The subject property benefits from nearby daily traffic counts on 4th Street North of 33,500 +/- cars. 4th Street North is a major north-south thoroughfare which connects downtown St. Petersburg to both the Gandy Bridge and the Howard Franklin Bridge (I-275) which provide access into Tampa. The population in the immediate area is extremely dense, as evidenced by a 3-mile population of 103,786 and a 5-mile population of 213,435. Fourth North Pavilion is surround by several major retail traffic generators including: Shorecrest Prepatory School, Publix, CVS, AT&T, Bonefish Grill, Applebee’s, The UPS Store, and Pier 1 imports, Talbots, and Massage Envy, Trader Joe’s, etc.

For More Information, Please Contact:

James Medefind

First Vice President Investments
813-387-4788
james.Medefind@marcusmillichap.com