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Views: 92 DOM: 385 Updated: 09.26.24 Posted: 11.04.23 Status: Contract

Summary

Price $995,000
Built/Renov 1986/2015
Tenant West Coast Kayaks
Cap Rate 5.81%
Lease Type NN+
Guarantor Corporate
Size/SF 4,040
Lease Start 05-01-2020
#Units 1
Price/SF $246.29
Expiration 04-30-2028
Tenant Type General Retail
NOI $57,850
R. Term 3.5
Ownership Fee Simple
Rent/SF $14.32
Increases 0.0%/1/yrs
Pop 5Mi 301,245
Lot/AC 0.23
Options 1/5yrs
AHHI 5Mi $76,867

Lease Highlights

  • West Coast Kayaks has 4+ years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 3-7% increases based on CPI
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by West Coast Kayaks and Paddleboards

Location Description

West Coast Kayaks located on 30th Avenue N Street, has excellent visibility from US-19/34th Street, with access to 41,500 vehicles passing by daily. The property is situated near national retail tenants, including AutoZone, Subway, Tire Kingdom, Walgreens, WaWa, BMW, Burger King, and more. Furthermore, it enjoys a convenient location just 7 miles from St. Pete Beach and approximately 4 miles...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: West Coast Kayaks
  • Guarantor:Corporate
  • Company:West Coast Kayaks
  • # Units:1
  • Stock:Private

About Tenant

West Coast Kayaks & Paddle Boards carries the area's largest selection of recreational and fishing kayaks and paddle boards with several hundred in stock at all times. The company also offers...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
30th Avenue North 19th St N 2022 4,800 0.09 mi
30th Avenue North 35th St N 2021 4,800 0.09 mi
34th St N 37th Ave N 2011 39,000 0.39 mi
34th St N 38th Ave N 2011 40,500 0.46 mi
38th Avenue North 33rd St N 2022 29,500 0.51 mi
38th Ave N 31st St N 2011 29,000 0.52 mi
22nd Ave N 34th St N 2011 35,000 0.54 mi
35th St N 38th Ave N 2011 2,200 0.55 mi
34th St N 22nd Ave N 2011 34,500 0.59 mi
26th Ave N 28th St N 2011 7,764 0.60 mi

Listing Broker

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