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Pinellas Park retail property sale sets a record

May 12, 2020 - A newly constructed, single-tenant, freestanding retail property in Pinellas Park sold for $5.59 million, or a record-breaking price of $1,798 per square foot, according to SRS Real Estate Partners Net Lease Group. The 3,109-square-foot property, a 9401 49th St. N., is occupied by 7-Eleven and provides direct access to U.S. Highway 19. Frank Rogers and Michael Carter of SRS represented the seller, who is described in a news release as a merchant developer. The property has a 15-year corporate guaranteed absolute triple-net lease in place, with 10 percent rental increases every five years, Carter said in the release. Pinellas County records list the buyer as 9401 Pinellas Park Holdings LLC, a company associated with Dubler Investments LLC in New York.

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