MD Now Low Rent Infill Tampa MSA
Retail | 5.25% CAP | 3,154 SqFt
Marketing description
Strategically located on the corner of 31st Avenue N and 4th Street N, the property benefits from outstanding visibility to the 32,000+ cars passing daily. This prime retail corridor is surrounded by a dense mix of national and local retailers, restaurants, and service providers. In fact within just one mile of the property, there are no less than 6 grocers, including the neighboring Trader Joes, two Publix, and a Whole Foods. Other retailers within the corridor include Pizza Hut, Papa John’s, Subway, Taco Bell, Chipotle, Publix, TD Bank, Burger King, Wendy’s, Starbucks, McDonald’s, Walgreens, Regions Bank, and many more.The area’s strong demographics and high retail demand further enhance the site’s long-term viability and investment appeal.
This MD Now is located in the heart of Saint Petersburg, within the most densely populated county in Florida. With a shortage of retail property, in the market, demand is incredibly high and vacancy low. The property is surrounded by a high-density residential base, providing a built-in customer base. Additionally, the area benefits from a strong educational presence, with institutions like the University of South Florida St. Petersburg, Pinellas Technical College, and the College of Marine Science contributing to a steady flow of students and professionals.
As one of Florida’s fastest-growing cities, St. Petersburg boasts a thriving economy, a vibrant arts and cultural scene, and a booming downtown district. With its businessfriendly environment, strong tourism sector, and increasing population, the city continues to attract both residents and investors, further solidifying the strength of this location.
MD Now Urgent Care has over 110 walk-in locations dedicated to providing families throughout the state of Florida with high-quality immediate care. MD Now was founded in 2004 and employs over 382 professionals, with locations throughout Florida. In 2022, MD Now was acquired by HCA Healthcare, cementing MD Now’s position as the largest urgent care provider in Florida. With HCA behind MD Now, this investment represents a stable, long term passive investment in one of the strongest retail markets in Florida.
Investment highlights
■ Corporate Backed Lease | Owned by HCA Healthcare (NYSE: HCA)
■ Brand New 2025 Class A Construction
■ 10% Increases Every 5 Years During Base Term and Option Periods
■ Average Household Income Exceeds $118,000 in a One Mile Radius
■ Prime Retail Corridor | Surrounding Tenants Include – 2 Publixes, Whole Foods, The Fresh Market, Trader Joe’s, Pizza Hut, Papa John’s, Subway, Taco Bell, Chipotle, TD Bank, Burger King, Wendy’s, Starbucks, Whole Foods Market, McDonald’s, Walgreens, Regions Bank, and many more
■ Frontage Along 4th Street N | Major Thoroughfare with 32,500 Vehicles Per Day Traffic Counts
■ Numerous Apartment Complexes within Proximity | Nordica Flats, Ascent of St. Petersburg, Arlington Arbor, Camden Central Apartments, 930 Flats, Hermitage Apartment Homes, 1701 Central, and Urban Landings
■ Colleges and Universities Nearby Include The University of South Florida St. Petersburg with 4,455 Enrolled Students, Pinellas Technical College with 5,000 Enrolled Students, Rophem Nursing Academy, College of Marine Science and Utica University at Florida
■ MD Now Urgent Care Has Over 110 Locations Throughout the State of Florida with 382 Professionals Providing High-Quality Immediate Care
■ Florida is a “No Income Tax State”
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