|Gross Leasable Area (GLA)||5,000 Sq.Ft.|
|Price Per Square Foot (GLA)||$230|
|Lot Size||0.80 Acres|
Marcus & Millichap is pleased to present for sale this Mattress Firm anchored shopping center located in Saint Petersburg, Florida. The property is strategically located at the corner of Tyrone Boulevard and Park Street, and benefits from heavy traffic along one of Saint Petersburg’s busiest east-west thoroughfares.
Totaling 5,000 square feet, the subject property is currently 70 percent occupied with Mattress Firm occupying 3,510 square-feet. An investor can expect to increase cash flow and add value by leasing up the single vacant space at market rents.
Tyrone Boulevard is the main retail corridor in St. Petersburg, and is one of the cities busiest roads, seeing over 45,000 vehicles per day. Tyrone Boulevard is also a popular route for Tampa Bay residents heading to the unbelievable beaches of the gulf coast. The property sits just a mile up the road from Tyrone Square Mall which is undergoing a new development of adding Lucky’s Market organic grocery store and a Dick’s Sporting Goods. Also newly renovated, Cobb Theaters-Tyrone Luxury 10 serves as an outparcel to Tyrone Square Mall, with frontage on Tyrone Boulevard.
Saint Petersburg is the largest city in Pinellas County with a population of over 260,000 residents. Saint Petersburg is also just 20 minutes west of the city of Tampa which is home to over 377,000 residents. The average household income within a 3-miles radius of the property is $68,897 and the median age is 41.8 years. These demographics are ideal for Mattress Firm and is attractive for both national and regional retailers. The property is located just west of Interstate-275, the major north/south thoroughfare that provides a convenient route to Tampa, Bradenton and Sarasota. This property also provides immediate access to University of South Florida-Saint Petersburg, Tropicana Field and downtown St. Petersburg’s world class museums, retail, business district and waterfront park.
Net-Leased Restaurant Specialist