St. Petersburg, FL 33707

Pasadena Surgery Center

Property Address

6950 Central Avenue, St. Petersburg, FL, USA

Offering Summary

  • Price: $5,945,000
  • Lot Size: 1.36 Acres
  • Cap Rate: 6.50%
  • Year Built: 1981/2005
  • Building SF: 13,015
  • Status: Available
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  • Absolute Triple-Net (NNN) Corporate Lease with Pasadena Surgery Center - Brand New 20 Year Term
  • Strong Revenue & Profitability at Subject Location - 30 Year Operating History
  • 7.5% Rental Increases Every 5 Years
  • Tenant is One of The Largest Vision Platforms in the St. Pete/Tampa Area - 15 Locations
  • Excellent Visibility Along Central Avenue (20,500+ Cars/Day)
  • Over 51,500 Cars/Day at the Nearby Intersection of Central Avenue and Pasadena Avenue South
  • Less Than 2 Miles North of Palms of Pasadena Hospital (307 Beds)
  • Just South of St. Petersburg College (St. Petersburg/Gibbs Campus)
  • Average Household Income Exceeds $76,000 within a 3-Mile Radius

Broker Information