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3700 34th St N
Saint Petersburg, FL 33713
Walgreens · Commerce de détail Propriété À vendre


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FAITS SAILLANTS DE L'INVESTISSEMENT
- Walgreens Corporate Guarantee | Incredible Location | Strong Intrinsic Value
- Long Term Operating History | Tenant has Occupied Location Since 1995
- Large 2-Acre Parcel | Strong Real Estate Fundamentals
- Hard Signalized Corner with Great Visibility | Visible to over 80,000 Vehicles/Day
- Highly Trafficked Commercial Corridor | Immediate Access to I-275 | Over 164,000 VPD
- Less than 5 Miles from Downtown St. Peterburg
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to exclusively present for sale this net-leased Walgreens located at 3700 34th Street North in Saint Petersburg, Florida, within the thriving Tampa–St. Petersburg–Clearwater MSA, home to more than 3.29 million residents. The property consists of a 15,525-square-foot free-standing building situated on a large 2-acre parcel, strategically positioned along 34th Street N (U.S. 19), one of the region’s primary commercial arteries.
The site offers exceptional visibility and accessibility, benefiting from heavy traffic volumes of more than 80,000 vehicles per day, with immediate connectivity to Interstate 275, a major north-south expressway carrying 164,000 vehicles daily and linking the property directly to Downtown St. Petersburg and Downtown Tampa.
The property is located within a dense and highly active retail corridor anchored by an extensive mix of national retailers including Wawa, Publix, Aldi, Winn-Dixie, Sam’s Club, Lowe’s, Dollar Tree, Office Depot, Starbucks, Bank of America, PNC Bank, Truist, and numerous other regional and national brands. This established trade area benefits from strong consumer draw, consistent daily traffic, and proximity to multiple residential neighborhoods. The asset also sits near several major healthcare providers, including HCA Florida Northside Hospital (288 beds) just 2.5 miles away, HCA Florida St. Petersburg Hospital, and St. Anthony’s Hospital (448 beds) within a four-mile radius—further solidifying the corridor’s role as a key commercial and medical hub within the market.
Walgreens has operated at this location since 1995, demonstrating long-term operating stability. The current lease runs through May 31, 2034, and includes six additional five-year renewal options.
Walgreens is a privately held American pharmacy store chain headquartered in Deerfield, Illinois. As one of the largest retail pharmacy operators in the United States, Walgreens maintains a strong national presence with more than 8,700 locations across all 50 states, the District of Columbia, Puerto Rico, and Guam. The company employs over 300,000 team members and serves millions of customers daily through its extensive network of retail stores, specialty and mail-service pharmacies, and healthcare service centers. Beyond its retail operations, Walgreens continues to expand its integrated healthcare strategy, managing worksite health centers, home care services, digital pharmacy platforms, underscoring its leadership and stability in the healthcare sector.
The site offers exceptional visibility and accessibility, benefiting from heavy traffic volumes of more than 80,000 vehicles per day, with immediate connectivity to Interstate 275, a major north-south expressway carrying 164,000 vehicles daily and linking the property directly to Downtown St. Petersburg and Downtown Tampa.
The property is located within a dense and highly active retail corridor anchored by an extensive mix of national retailers including Wawa, Publix, Aldi, Winn-Dixie, Sam’s Club, Lowe’s, Dollar Tree, Office Depot, Starbucks, Bank of America, PNC Bank, Truist, and numerous other regional and national brands. This established trade area benefits from strong consumer draw, consistent daily traffic, and proximity to multiple residential neighborhoods. The asset also sits near several major healthcare providers, including HCA Florida Northside Hospital (288 beds) just 2.5 miles away, HCA Florida St. Petersburg Hospital, and St. Anthony’s Hospital (448 beds) within a four-mile radius—further solidifying the corridor’s role as a key commercial and medical hub within the market.
Walgreens has operated at this location since 1995, demonstrating long-term operating stability. The current lease runs through May 31, 2034, and includes six additional five-year renewal options.
Walgreens is a privately held American pharmacy store chain headquartered in Deerfield, Illinois. As one of the largest retail pharmacy operators in the United States, Walgreens maintains a strong national presence with more than 8,700 locations across all 50 states, the District of Columbia, Puerto Rico, and Guam. The company employs over 300,000 team members and serves millions of customers daily through its extensive network of retail stores, specialty and mail-service pharmacies, and healthcare service centers. Beyond its retail operations, Walgreens continues to expand its integrated healthcare strategy, managing worksite health centers, home care services, digital pharmacy platforms, underscoring its leadership and stability in the healthcare sector.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
15 525 pi²
Classe d’immeuble
B
Année de construction
1995
Prix
5 974 852 $ CAD
Prix par pi²
384,85 $ CAD
Taux de capitalisation
6,85%
Revenu net d’exploitation
409 277 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,18
Taille du lot
2,00 AC
Zonage
CCS-1 - CORRIDOR COMMERCIAL EN BANLIEUE
Stationnement
73 places (4,7 places par 1 000 pi² loué)
Façade
268’ sur 34th St
COMMODITÉS
- Enseigne sur pylône
- Affichage
Impôts fonciers
| Numéro de lot | 10-31-16-52011-001-0010 | Évaluation des bâtiments | 3 105 698 $ CAD |
| Évaluation du terrain | 1 652 342 $ CAD | Évaluation totale | 4 758 041 $ CAD |
Impôts fonciers
Numéro de lot
10-31-16-52011-001-0010
Évaluation du terrain
1 652 342 $ CAD
Évaluation des bâtiments
3 105 698 $ CAD
Évaluation totale
4 758 041 $ CAD
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