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Shopping Strip

4049-4057 Park Blvd

4049 Park Blvd N, Pinellas Park, FL 33781

Listing Price: $5,172,654

Cap Rate
5.50%
Gross SF
8,400
Rentable SF
8,400
Price/Gross SF
$615.79
Lot Size
1.64 acres
Year Built
2021

Investment Overview

Jollibee Center is an 8,400 square foot, tenant, NNN strip center on a 1.64 acre
parcel, located at 4049 Park Boulevard North, in Pinellas Park (Tampa). The Center
lies in the heart of a major commercial artery, with a Home Depot power center
across the street and surrounded by too many national retailers and restaurants to
enumerate. Designated turn lanes allow for convenient left-in-left-out access for
the 56,000+ cars that pass daily. Newly constructed, the center boasts beautiful
curb appeal, no deferred maintenance, three class A tenants, and easy to manage,
NNN leases.
Jollibee and Red Ribbon both have ten year leases, and both benefit from the
Jollibee Food Corporation (JFC) guaranty. JFC is a multinational chain of fast food
restaurants, founded in 1975, and totaling 1200 locations on three continents.
The third tenant, Spectrum, has a five year, NNN lease. Spectrum is owned by
Charter Communications, a BB+ rated media company operating in 41 states, with
over 95,000 employees. Charter Communications is the third largest multichannel
video programming distribution company in the US, behind Comcast Corp and
AT&T.

Investment Highlights

  • Top Tier Location
  • Class A National and International Tenants
  • Two 10-Year and One 5-Year leases
  • 10% Rent Increases Every 5 Years
  • Easy Access, Tremendous Traffic and Visibility
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Exclusively Listed By

Listing Price: $5,172,654

Cap Rate
5.50%
Gross SF
8,400
Rentable SF
8,400
Price/Gross SF
$615.79
Lot Size
1.64 acres
Year Built
2021

Investment Highlights

  • Top Tier Location
  • Class A National and International Tenants
  • Two 10-Year and One 5-Year leases
  • 10% Rent Increases Every 5 Years
  • Easy Access, Tremendous Traffic and Visibility
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Investment Overview

Jollibee Center is an 8,400 square foot, tenant, NNN strip center on a 1.64 acre
parcel, located at 4049 Park Boulevard North, in Pinellas Park (Tampa). The Center
lies in the heart of a major commercial artery, with a Home Depot power center
across the street and surrounded by too many national retailers and restaurants to
enumerate. Designated turn lanes allow for convenient left-in-left-out access for
the 56,000+ cars that pass daily. Newly constructed, the center boasts beautiful
curb appeal, no deferred maintenance, three class A tenants, and easy to manage,
NNN leases.
Jollibee and Red Ribbon both have ten year leases, and both benefit from the
Jollibee Food Corporation (JFC) guaranty. JFC is a multinational chain of fast food
restaurants, founded in 1975, and totaling 1200 locations on three continents.
The third tenant, Spectrum, has a five year, NNN lease. Spectrum is owned by
Charter Communications, a BB+ rated media company operating in 41 states, with
over 95,000 employees. Charter Communications is the third largest multichannel
video programming distribution company in the US, behind Comcast Corp and
AT&T.

Exclusively Listed By

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