2216 18TH AVE S, ST. PETERSBURG, FL 33712

Marcus & Millichap is pleased to present for sale this corporate Dollar General store located at

2216 18th Avenue S in Saint Petersburg, Florida. This freestanding, single tenant property sits on

an oversized 1.45-acre (63,162 SF) parcel and was originally built in 2011. The investment is

structured as an Absolute NNN lease with zero landlord responsibilities, backed by a full

corporate guarantee from Dollar General Corporation (NYSE: DG), one of the most recognized

and creditworthy tenants in the net lease marketplace.

The lease carries approximately five years of term remaining through August 2026, with Dollar

General having already exercised its first 5-year renewal option extending occupancy through

August 31, 2031, a clear signal of the tenant’s long term commitment to this location. The lease

structure includes 10 percent rental increases every five years and four additional 5-year options

beyond the exercised term, providing a long runway of structured rent growth and income

visibility well into the future.

From a demographic standpoint, the subject property benefits from an exceptionally strong trade

area. Saint Petersburg is the fifth most populous city in Florida and a primary submarket of the

Tampa Bay MSA, home to over 3.29 million people. Within a 5-mile radius, the population

exceeds 217,997 with a median household income of $75,628, projected to climb 17.1% over the

next five years. The site is surrounded by several large apartment communities including 1701

Central, Arte, Vantage St. Pete, Camden Central, and The Exchange, providing a dense and

built-in residential customer base. Colleges and universities nearby, including St. Petersburg

College (23,350 students), USF St. Petersburg (4,000 students), and Eckerd College, further

support consistent daytime and evening traffic.

The broader economic fabric of Saint Petersburg is anchored by major employers including

Raymond James, Publix Supermarkets, Jabil, Bayfront Medical, Spectrum, and Fidelity National

Information Services, institutions that drive household income stability and sustained consumer

spending throughout the trade area. Dollar General’s everyday essentials model is tailor-made

for this type of densely populated, income diverse urban corridor, and the tenant’s 7-year

operating history at this location reflects the store’s proven demand.

Dollar General Corporation operates over 20,474 locations across 48 states and Mexico, built on

a recession-resilient model of affordable, convenient retail in high frequency shopping

categories. For the investor, this offering delivers the core attributes of best-in-class NNN

ownership: passive income, institutional credit, structured rent growth, and a well-located asset

in one of Florida’s most dynamic metro markets.