2216 18Th Ave S St Petersburg, FL 33712

This corporate Dollar General store is located at 2216 18th Avenue S in Saint Petersburg, Florida. The freestanding, single tenant property sits on a 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. The lease has approximately five years of term remaining through August 2026. Dollar General has already exercised its first 5-year renewal option extending occupancy through August 31, 2031. The lease structure includes 10 percent rental increases every five years and four additional 5-year options beyond the exercised term. Saint Petersburg is the fifth most populous city in Florida and a primary submarket of the Tampa Bay MSA. 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. Colleges and universities nearby include St. Petersburg College (23,350 students), USF St. Petersburg (4,000 students), and Eckerd College. Major employers include Raymond James, Publix Supermarkets, Jabil, Bayfront Medical, Spectrum, and Fidelity National Information Services. The property is 9,002 square feet.