3426 Central Ave - Retail FOR SALE


Saint Petersburg, FL 33711- Central Oak Park
$6,564,597 USD
773-727-4285
3426 Central Ave, Saint Petersburg, FL for Sale
$6,564,597 USD
Retail - FOR SALE
1/1
null | 11.82% Cap Rate

3426 Central Ave
Saint Petersburg, FL 33711
Central Oak Park


HIGHLIGHTS

  • Long-Term Absolute NNN Lease with Double-Digit Yield
  • Outstanding Positioning & Access at Multiple Lighted Intersections
  • Strong Local Demographics with Income Growth
  • Strategic Location Within the Tampa Bay MSA and High-Performing Retail Submarket
  • Proximity to Major Redevelopment Initiatives Enhancing Area Growth

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,564,597 USD

PRICE/SF

$386 USD /SF

CAP RATE

11.82%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy (Dollar Tree Sublease)

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,899 SF

ZONING

-

APN/PARCEL ID

22-31-16-96192-001-0010

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.