February 18, 2025 – Michael Talbert and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of a Dunkin’ in St. Petersburg, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,575,000.
Dunkin’ is located at 1524 4th Street South in St. Petersburg, Florida. The Property consists of a 2,092 square foot building on a 0.64-acre parcel that was constructed for Dunkin’ in 2017. Dunkin’ has 8+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease features attractive 10% rental increases every 5 years throughout the primary lease term and at the start of each option period. Dunkin’ is located on 4th Street S and is a short walk from University of South Florida’s St. Petersburg Campus, and 0.8-miles from Orlando Health Bayfront Hospital. The Property is convenient to Downtown St. Petersburg, and offers quick access to Interstates 175, 275, and 375 and US Highways 19 and 92, two of the area’s primary commercial corridors. The Property is surrounded by densely developed residential neighborhoods, providing a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.