Dunkin' & Joyful Nails
Closed700 34th St N, St. Petersburg, FL 33713
Property type
Retail
Unit / Space count
1
Price
$1,200,000
Building size
3,965 sf
Rentable area
3,965 SF
Year built
1961
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$1200000
Property description
Franklin Street is pleased to present the Offering Memorandum for the Dunkin' & Joyful Nails and Spa located on 34th St in St. Petersburg, FL. The property is located on a main retail artery, in close proximity to I-275 and Downtown St. Petersburg, and is fully leased by two tenants, Dunkin' and Joyful Nails & Spa. This property offers an investor an opportunity to own a low maintenance asset at a very attractive price point, where both tenants reimburse for CAM, Taxes, and Insurance. With two tenants, this particular property is also more risk adverse than an asset with just one tenant, especially given the term remaining on the Dunkin' lease. The Dunkin' lease has more than 11 years of term remaining and is guaranteed by a experienced local franchisee who operates more than 20 locations.
Property highlights
- Located in Pinellas County, the most densely populated county in Florida
- Population of 210,000+ within a 10 minute drive
- Net Leases with minimal Landlord responsibilities, only including Roof and Structure
- Located on 34th St (US-19), a main retail artery with 37,500 VPD
- Multiple access points including a right-in, right-out and a left-in, left-out on 34th St and 7th Ave N, respectively
- Well connected with regional access provided by I-275 and US-19
- Income Tax Free State
- Surrounded by national retailers including Walmart, Home Depot, Lowe's Home Improvement, Publix, and Sam's Club, KFC, Taco Bell, Arby's, Popeye's, McDonalds, Wendy's, Walgreens, and CVS