Drug Store

St Petersburg, FL Drug Stores for Sale

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Kenneth City, FL Tierra Verde, FL Gulfport, FL South Pasadena, FL Pinellas Park, FL Treasure Island, FL Redington Shores, FL Palmetto, FL
Retail Property with Corporate Guarantee
Updated: Mar 24
Retail Property with Corporate Guarantee

St Petersburg, FL 33710

Contact for pricing
15,042 sqft
Strong Corporate Guarantor: Walgreens guarantees the lease.
Walgreens is a leading national pharmacy retailer with over 8,500 locations.
Reliable and stable corporate‑backed lease.
Provides investors with a reliable investment.
Built in 1998.
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Gulfport Walgreens with Long-Term Lease
Updated: Mar 16
Gulfport Walgreens with Long-Term Lease

Saint Petersburg, FL 33707

$3,966,667
Long‑term lease with Walgreens through December 31, 2061, demonstrating a strong commitment.
Double‑Net (NN) lease structure limits landlord responsibilities to roof and structure only.
Scheduled NOI increase to $267,400/year on January 1, 2036, requiring no negotiation or capital expenditure.
Only Walgreens in Gulfport, serving as the community's anchor pharmacy.
Minimum 10‑year guaranteed income stream from lease signing, with the next earliest termination option on December 31, 2035.
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2 active listings match your search: Drug Store for sale in St Petersburg, FL. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Single-Tenant Drug Store
Single-Tenant Drug Store

8602 N Dale Mabry Hwy, Tampa, FL 33614

$3,300,000
5,024 sqft 1.27 AC lot

Corporate-guaranteed NNN tenancy extends through May 2031 with two five-year renewal options.

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Freestanding Drug Store with Drive-Through
Freestanding Drug Store with Drive-Through

3917 N Nebraska Avenue, Tampa, FL 33603

$5,250,000
15,022 sqft 1.94 AC lot

Freestanding Walgreens building with covered drive-through, high ceilings, 67 parking spaces, and CG zoning at a lighted intersection.

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Walgreens Drugstore Investment
Walgreens Drugstore Investment

10697 Ulmerton Road, Largo, FL 33771

Contact for pricing
14,560 sqft 1.31 AC lot

The freestanding building sits at a signalized intersection in Largo.

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Gulfport Walgreens Investment Opportunity
Gulfport Walgreens Investment Opportunity

5701 Gulfport Blvd S, Gulfport, FL 33707

Contact for pricing
14,725 sqft

NN Walgreens with 35+ years remaining on the lease.

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St Petersburg, FL Drug Stores Market Trends and Statistics

Explore 2 drug stores for sale in St Petersburg, FL on our real estate platform. These investment opportunities span a total of 15,042 square feet of properties for sale, with an estimated market value of $3,966,667.

Sale prices for pharmacies in St Petersburg, FL average $3,966,667 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 34
Automotive properties 13
Auto shops 11
Shopping centers 10
Grocery and convenience stores 4

Demographics Overview

Population 358K
Population Growth (5Y) +0.7%
Median Household Income $72,848
College Educated 29.5%

High-Yield Neighborhoods for Investment

Identify St Petersburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Saint Petersburg - 33707 $4M

Taxes & Financing

Tax Rate (average for all types) 1.74%
Property Tax per SF $8.67 per SF
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pinellas County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in St Petersburg fall within the 25,000 to 50,000 square foot range.

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