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875 Dr Martin Luther King Jr St N
Saint Petersburg, FL 33701

$3,162,393 USD

Drugstore For Sale • 14,208 SF

Property Details

Property Type Drugstore
Total Building Size 14,208 SF
Lot Size 1.13 AC
Building Class B
Year Built 1993
Cap Rate 5.85 %
Tenancy Single
Zoning C-2

45 Transit Score

76 Walk Score

                
                    Highlights
                
                                Walgreens Corporate Guarantee (NYSE: WBA)
                            
                                Recently Extended 10 Year NN Lease Showing Strong Commitment to the Site | Transferrable Roof Warranty
                            
                                Very Low Rent of $12 Per Square Foot | Strong Intrinsic Value
                            
                                Hard Corner Signalized Intersection | Exposure to more than 20,800 Vehicles Per day
                            
                                Located right down the street from St Anthony’s Hospital with 395-beds and nearby John Hopkins Children’s Hospital with 259-beds
                            
                                Fee Simple Allowing for Depreciation | Drive-Thru Pharmacy

Property Flyers

Walgreens-St-Petersburg-FL-om-ib

Cap Rate:

5.85 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Walgreens	14,208 SF

Amenities

Pylon Sign
Signage

Public Transportation

Airport	Drive	Walk	Distance
St Pete-Clearwater International	23 min	-	12.5 mi
Tampa International	30 min	-	21.2 mi
Sarasota/Bradenton International	48 min	-	33.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes

Ronnie Issenberg 786-522-7013 Marcus & Millichap

875 Dr Martin Luther King Jr St N Saint Petersburg, FL 33701