NNN Sale Lease-Back St. Pete

Located just minutes from Downtown St. Petersburg, Historic Uptown, Crescent Lake, Central Avenue, and Interstate 275, the property benefits from exceptional accessibility, strong demographics, and continued investment throughout the MLK North Corridor. The MLK Business District has become one of the city’s most active redevelopment corridors, characterized by medical office growth, boutique retail, restaurants, and mixed-use development. New monument signage provides outstanding visibility to both northbound and southbound traffic, further enhancing the property’s long-term value. Billions of dollars have been invested throughout Downtown St. Petersburg and surrounding districts, including major mixed-use developments, residential construction, infrastructure improvements, and redevelopment initiatives that continue to drive demand for well-located commercial assets. The city’s redevelopment pipeline and investment in business districts continue to support long-term property appreciation and leasing demand. This offering combines immediate passive cash flow with contractual rent growth and significant long-term real estate upside in one of Florida’s strongest commercial real estate markets.