Address: 3501 1st Avenue S, ST PETERSBURG, FL 33711
Description
Low Risk NNN Investment with Annual Growth | Prime St. Petersburg Commercial Property. Rare opportunity to acquire a Triple Net (NNN) leased commercial building in St. Petersburg, FL, fully leased to a well established veterinary hospital. This 2,628 sq ft standalone property offers stable, hands off income with the tenant responsible for rent, 50% of property taxes, insurance, utilities, operating expenses, and lawn maintenanceperfect for investors or 1031 exchange buyers. Key Investment Highlights 3% Annual Rent Increases for consistent cash flow Lease Term: 5 years remaining with a 5 year renewal option Established Tenant: Thriving veterinary practice in operation | Prime Corner Location: 1st Ave S & 35th St, one block from US 19 / 34th St with high visibility and heavy traffic. | Upgrades & Maintenance: New roof, painted soffit/fascia (2024), $12,000 in tree removal and pruning | Property Features:11 Parking Spaces, including 2 ADA compliant | Dedicated staff/doctor parking | Three driveways for easy access | Circular drop off/pick up area. Located in a high traffic commercial corridor of St. Petersburg, this property benefits from excellent visibility, strong tenant stability, and long term growth potential. A cash flow positive, low risk investment in one of Floridas most vibrant commercial markets.
Low Risk NNN Investment with Annual Growth | Prime St. Petersburg Commercial Property. Rare opportunity to acquire a Triple Net (NNN) leased commercial building in St. Petersburg, FL, fully leased to a well established veterinary hospital. This 2,628 sq ft standalone property offers stable, hands off income with the tenant responsible for rent, 50% of property taxes, insurance, utilities, operating expenses, and lawn maintenanceperfect for investors or 1031 exchange buyers. Key Investment Highlights 3% Annual Rent Increases for consistent cash flow Lease Term: 5 years remaining with a 5 year renewal option Established Tenant: Thriving veterinary practice in operation | Prime Corner Location: 1st Ave S & 35th St, one block from US 19 / 34th St with high visibility and heavy traffic. | Upgrades & Maintenance: New roof, painted soffit/fascia (2024), $12,000 in tree removal and pruning | Property Features:11 Parking Spaces, including 2 ADA compliant | Dedicated staff/doctor parking | Three driveways for easy access | Circular drop off/pick up area. Located in a high traffic commercial corridor of St. Petersburg, this property benefits from excellent visibility, strong tenant stability, and long term growth potential. A cash flow positive, low risk investment in one of Floridas most vibrant commercial markets.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 2628.00
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Road Frontage Type: Alley, Business District, City Street, Turn Lanes
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 2917.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Accessibility Features: Accessible Entrance
Country: US
Legal Description: WEST CENTRAL AVE SUB BLK B PART REP BLK B, LOT 1
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