Sperry Van Ness is pleased to present this 9,900 square foot Dollar Tree in St. Petersburg, Florida leased NN through December 2017. Offered at an 8% cap rate, the return increases to 8.8% based on a 10% rent escalation upon lease renewal in 2018. Rarely does a dollar store located in a growing metropolitan city become available for sale. The St. Petersburg/Tampa MSA has a 3.9 million population. Within a 3 mile radius of the store are 92,000+ residents contributing to the strong urban location. Rent escalates 10% every 5 years with 6 remaining renewal options. The property is an existing strip center of block construction with stucco exterior and canopy, substantially renovated for Family Dollar's 100% occupancy in 2007. Family Dollar was acquired by Dollar Tree and this store was converted to the Dollar Tree format. Sales Info: ■ Commision split: 4.0% Location Description: St. Petersburg is the fifth most populous city in the state of Florida, located at the base of the Tampa Bay peninusula with 2 miles of waterfront. Highlights: ■ NN lease through Dec. 2017 ■ 10% rent increase every 5 years ■ Located in 5th largest city in Florida ■ 92,000+ population in 3 miles ■ 2007 construction « show less
Sperry Van Ness is pleased to present this 9,900 square foot Dollar Tree in St. Petersburg, Florida leased NN through December 2017. Offered... show more »
Create a Property List
Please describe your commercial real estate requirements.
We’ll introduce you to local properties that match your criteria.
Rofo has the most comprehensive commercial real estate listings in your area. Search for office spaces, retail spaces, and industrial spaces. We compile all the information you need to find the office spaces that match your business needs and provide quick access to the office brokers. Use our friendly user-interface and detailed listings to search your area for small business office spaces for rent and for lease.