Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee simple interest in the CVS Pharmacy located in St. Petersburg, Florida (“The Property”). The Property consists of a 13,013-square-foot freestanding retail building on a 1.74-acre parcel. CVS operates under an absolute NNN lease with approximately 10 years of remaining term, offering a fully passive investment with double-digit returns in a high-demand Florida market.
The Property is strategically located just west of downtown St. Petersburg, within the Tampa–St. Petersburg–Clearwater metro, which added more than 50,000 new residents in the past year alone and ranks among the top 10 fastest growing metros in the U.S. The region has seen over $2 billion in recent public and private investment, including expansions in infrastructure, housing, and mixed-use development, driving sustained demand for retail. Positioned along a high-traffic corridor with a combined 56,300+ vehicles per day, the Property offers access to two lighted intersections and boasts excellent drive-by visibility. The large parcel provides long-term flexibility and value, and is surrounded by national retailers including Walmart Supercenter, Family Dollar, and AutoZone, benefiting from strong consumer traffic in this rapidly intensifying trade area.