2700 72Nd St St. Petersburg, FL 33710

This exceptional 44,452-square-foot flex industrial facility, located at 2700 72nd St N, St. Petersburg, FL 33710, presents a compelling investment opportunity. Situated on a 2.4-acre lot in the dynamic South Pinellas industrial submarket of the Tampa MSA, this property boasts a strong tenant in SyBridge Technologies. A 10-year absolute triple-net (NNN) lease is in place at closing, generating a substantial net operating income (NOI) of $488,972. The lease includes 2.00% annual rent escalations throughout the initial term and each of three 5-year renewal options, providing predictable and growing income. Extensive renovations were completed in 2023, including approximately 8,000 square feet of added office space, showcasing the tenant's long-term commitment. The property benefits from its strategic location along the Tyrone Boulevard North corridor, with high visibility and proximity to other major industrial users. The South Pinellas submarket consistently outperforms, maintaining a sub-4% vacancy rate for eight consecutive quarters, reaching 3.0% in Q4 2023. This sale-leaseback transaction offers a secure, high-yield investment in a thriving industrial market within the Tampa-St. Petersburg-Clearwater MSA. The property's strong tenant, long-term lease, and prime location make it an ideal addition to any investment portfolio.