3501 1ST AVE S St. Petersburg FL 33711

Chaos Resistant Investment with a 3% Annual Increase. Rare commercial standalone building in the heart of St. Petersburg, FL. This Triple Net (NNN) leased building is one of the most reliable forms of income-producing real estate ownership, ideal for 1031 Exchange or hands-off investors. The 2,628-square-foot single-story building has a stable, thriving veterinary hospital with the tenant responsible for the monthly rent, half-annual taxes, insurance, operating expenses, utilities, and lawn maintenance associated with the property. The property is on the corner of 1st Avenue S and 35th Street, just one block from U. S. 19, (34th Street) offering high visibility and traffic volume with several nearby businesses driving consistent foot traffic.

Convenient access with (3) Three In/Out drives and a circular front door drop-off/pick-up area with 11 parking spaces, including two handicapped spots, for patrons and additional (6) parking spaces for the doctor and staff. Recent updates include a New Roof, repair & painted soffit/fascia 2024, and $12,000 in elective tree removal/pruning for proactive property upkeep.

The Property Offering

• 2,628 sf

• Triple Net (NNN)

• Established Veterinary Hospital - Current Tenant

Sale Price $1,295,000

Income/Expenses - CALL FOR DETAILS

Highlights

• 5-Year Lease-Term Remaining

• 5-Year Renewal Option

• Annual 3% Rent Increase. Increasing returns make this a low-maintenance, potential cash-flow-positive property.

• Updates include a New Roof, repair & painted soffit/fascia 2024, and $12,000 in elective tree removal/pruning for proactive property upkeep.

• Circular Front door drop-off/pick-up

• (3) Three In/Out Access Drives

• Close to US 19 and short drive to Downtown

• Ideal for 1031 Exchange or hands-off investor