3501 1ST Avenue S

Description

Low-Risk Investment with Annual Growth | Prime St. Petersburg Location . . . Rare opportunity to own a Triple Net (NNN) leased commercial building in the heart of St. Petersburgan ideal addition to any investment portfolio, especially for hands-off investors or those pursuing a 1031 Exchange. . . This 2,628 square-foot standalone building is fully leased to a well-established veterinary hospital. The long-term tenant is responsible for rent, 50% of annual property taxes, insurance, all operating expenses, utilities, and lawn maintenance offering a reliable and low-maintenance income stream. . . INVESTMENT HIGHLIGHTS: Annual 3% Rental Increases: Consistent cash flow with built-in growth LEASE TERM: 5 years remaining with a 5-year renewal option - TENANT: Thriving veterinary hospital in operation PRIME CORNER LOCATION: 1st Avenue S & 35th Streetjust one block from US-19/34th Street, ensuring visibility and high traffic volume UPGRADES & MAINTANENCE: New roof, painted soffit/fascia (2024), and $12,000 in elective tree removal and pruningreflecting proactive care. . . PROPERTY FEATURES: 11 Parking Spaces (including 2 ADA-compliant) + dedicated staff/doctor parking. . . Three convenient driveways for easy ingress/egress. . . Circular drop-off and pick-up area at front entrance. . . Surrounded by established businesses and accessible via major routes, this location benefits from consistent foot and vehicle traffic, increasing both tenant stability and long-term property value. With its low-risk profile and growing returns, this is a rare chance to secure a cash-flow-positive asset in one of St. Pete's most vibrant commercial corridors.