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Shopping Strip

4590 Park Blvd

4590 Park Blvd N, Pinellas Park, FL 33781

Listing Price: $2,693,181

Cap Rate
5.50%
Gross SF
4,688
Rentable SF
4,688
Price/Gross SF
$574.48
Lot Size
1.00 acres
Year Built
2021

Investment Overview

Huey Magoos Center is a 4,688 square foot, two-tenant, NNN strip center, on a
nearly one acre lot, at 4590 Park Boulevard North, in Pinellas Park (Tampa). The
Center lies in the heart of a major commercial artery, with Publix across the street,
a Home Depot anchored power center two blocks away, and surrounded by too
many national retailers and restaurants to enumerate. With access to the corner
and turn-in lanes in every direction, the Center offers 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, two class A regional tenants, and
easy to manage, 10 year, NNN leases. Thus, Huey Magoos Center offers a stable
alternative to a typical STNL offering.
Huey Magoos is a beloved fast food chicken staple in the Florida lifestyle. In
business since 2004, Huey Magoos popularity is so pervasive, that they have
launched an aggressive franchisee expansion program that has surpassed
expectations. With over 150 franchises sold in 6 states, Huey Magoos is poised
to become a regional powerhouse. Paris Banh Mi Cafe Bakery is a successful
Vietnamese-French concept, based in Orlando, with 30 new locations slated for
central Florida. A $20mil franchisee guaranty backs this location and the 30-unit
expansion, offering an investor the sort of quality franchisee tenant that landlords
seek in a post-Covid era.

Investment Highlights

  • Top Tier Location
  • Excellent Regional Tenants
  • Two 10-Year NNN Leases
  • 10% Rent Increases Every 5 Years
  • Rare Drive Thru Anchored Center (Hey Magoos)
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Exclusively Listed By

Listing Price: $2,693,181

Cap Rate
5.50%
Gross SF
4,688
Rentable SF
4,688
Price/Gross SF
$574.48
Lot Size
1.00 acres
Year Built
2021

Investment Highlights

  • Top Tier Location
  • Excellent Regional Tenants
  • Two 10-Year NNN Leases
  • 10% Rent Increases Every 5 Years
  • Rare Drive Thru Anchored Center (Hey Magoos)
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Investment Overview

Huey Magoos Center is a 4,688 square foot, two-tenant, NNN strip center, on a
nearly one acre lot, at 4590 Park Boulevard North, in Pinellas Park (Tampa). The
Center lies in the heart of a major commercial artery, with Publix across the street,
a Home Depot anchored power center two blocks away, and surrounded by too
many national retailers and restaurants to enumerate. With access to the corner
and turn-in lanes in every direction, the Center offers 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, two class A regional tenants, and
easy to manage, 10 year, NNN leases. Thus, Huey Magoos Center offers a stable
alternative to a typical STNL offering.
Huey Magoos is a beloved fast food chicken staple in the Florida lifestyle. In
business since 2004, Huey Magoos popularity is so pervasive, that they have
launched an aggressive franchisee expansion program that has surpassed
expectations. With over 150 franchises sold in 6 states, Huey Magoos is poised
to become a regional powerhouse. Paris Banh Mi Cafe Bakery is a successful
Vietnamese-French concept, based in Orlando, with 30 new locations slated for
central Florida. A $20mil franchisee guaranty backs this location and the 30-unit
expansion, offering an investor the sort of quality franchisee tenant that landlords
seek in a post-Covid era.

Exclusively Listed By

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