Single-Tenant Office Medical
New Construction MD Now Tampa MSA
3030 4th St N, St. Petersburg, FL 33704
Listing Price: $2,523,200
Investment Overview
Marcus & Millichap is pleased to present for sale the fee simple interest in this
Absolute Net Leased MD-Now Urgent Care located at 3030 4th Street N in Saint
Petersburg, Florida, just two and a half miles outside of Downtown St. Petersburg.
MD Now has executed a brand-new, 10-year, corporate-backed NN lease, where
the landlord is only responsible for roof and structure. The lease features 10%
rent increases every five years and includes two additional 5-year renewal options,
ensuring long-term stability and income growth for investors.
Strategically located on the corner of 31st Avenue N and 4th Street N, the property
benefits from outstanding visibility to the 32,000+ cars passing daily. This prime retail
corridor is surrounded by a dense mix of national and local retailers, restaurants, and
service providers. In fact within just one mile of the property, there are no less than
6 grocers, including the neighboring Trader Joes, two Publix, and a Whole Foods.
Other retailers within the corridor include Pizza Hut, Papa John’s, Subway, Taco Bell,
Chipotle, Publix, TD Bank, Burger King, Wendy’s, Starbucks, McDonald’s, Walgreens,
Regions Bank, and many more.The area’s strong demographics and high retail
demand further enhance the site’s long-term viability and investment appeal.
This MD Now is located in the heart of Saint Petersburg, within the most densely
populated county in Florida. With a shortage of retail property, in the market, demand
is incredibly high and vacancy low. The property is surrounded by a high-density
residential base, providing a built-in customer base. Additionally, the area benefits
from a strong educational presence, with institutions like the University of South
Florida St. Petersburg, Pinellas Technical College, and the College of Marine Science
contributing to a steady flow of students and professionals.
As one of Florida’s fastest-growing cities, St. Petersburg boasts a thriving economy, a
vibrant arts and cultural scene, and a booming downtown district. With its businessfriendly
environment, strong tourism sector, and increasing population, the city
continues to attract both residents and investors, further solidifying the strength of
this location.
MD Now Urgent Care has over 110 walk-in locations dedicated to providing families
throughout the state of Florida with high-quality immediate care. MD Now was
founded in 2004 and employs over 382 professionals, with locations throughout
Florida. In 2022, MD Now was acquired by HCA Healthcare, cementing MD Now’s
position as the largest urgent care provider in Florida. With HCA behind MD Now, this
investment represents a stable, long term passive investment in one of the strongest
retail markets in Florida.
Investment Highlights
- Corporate Backed Lease | Owned by HCA Healthcare (NYSE: HCA)
- Brand New 2025 Class A Construction
- 10% Increases Every 5 Years During Base Term and Option Periods
- Average Household Income Exceeds $118,000 in a One Mile Radius
- Frontage Along 4th Street N | Major Thoroughfare with 32,500 Vehicles Per Day Traffic Counts
- MD Now Urgent Care Has Over 110 Locations Throughout the State of Florida with 382 Professionals Providing High-Quality Immediate Care
- Florida is a "No Income Tax State"
Exclusively Listed By
Single-Tenant Office Medical
New Construction MD Now Tampa MSA
Listing Price: $2,523,200
Investment Highlights
- Corporate Backed Lease | Owned by HCA Healthcare (NYSE: HCA)
- Brand New 2025 Class A Construction
- 10% Increases Every 5 Years During Base Term and Option Periods
- Average Household Income Exceeds $118,000 in a One Mile Radius
- Frontage Along 4th Street N | Major Thoroughfare with 32,500 Vehicles Per Day Traffic Counts
- MD Now Urgent Care Has Over 110 Locations Throughout the State of Florida with 382 Professionals Providing High-Quality Immediate Care
- Florida is a "No Income Tax State"
Investment Overview
Marcus & Millichap is pleased to present for sale the fee simple interest in this Absolute Net Leased MD-Now Urgent Care located at 3030 4th Street N in Saint Petersburg, Florida, just two and a half miles outside of Downtown St. Petersburg. MD Now has executed a brand-new, 10-year, corporate-backed NN lease, where the landlord is only responsible for roof and structure. The lease features 10% rent increases every five years and includes two additional 5-year renewal options, ensuring long-term stability and income growth for investors. Strategically located on the corner of 31st Avenue N and 4th Street N, the property benefits from outstanding visibility to the 32,000+ cars passing daily. This prime retail corridor is surrounded by a dense mix of national and local retailers, restaurants, and service providers. In fact within just one mile of the property, there are no less than 6 grocers, including the neighboring Trader Joes, two Publix, and a Whole Foods. Other retailers within the corridor include Pizza Hut, Papa John’s, Subway, Taco Bell, Chipotle, Publix, TD Bank, Burger King, Wendy’s, Starbucks, McDonald’s, Walgreens, Regions Bank, and many more.The area’s strong demographics and high retail demand further enhance the site’s long-term viability and investment appeal. This MD Now is located in the heart of Saint Petersburg, within the most densely populated county in Florida. With a shortage of retail property, in the market, demand is incredibly high and vacancy low. The property is surrounded by a high-density residential base, providing a built-in customer base. Additionally, the area benefits from a strong educational presence, with institutions like the University of South Florida St. Petersburg, Pinellas Technical College, and the College of Marine Science contributing to a steady flow of students and professionals. As one of Florida’s fastest-growing cities, St. Petersburg boasts a thriving economy, a vibrant arts and cultural scene, and a booming downtown district. With its businessfriendly environment, strong tourism sector, and increasing population, the city continues to attract both residents and investors, further solidifying the strength of this location. MD Now Urgent Care has over 110 walk-in locations dedicated to providing families throughout the state of Florida with high-quality immediate care. MD Now was founded in 2004 and employs over 382 professionals, with locations throughout Florida. In 2022, MD Now was acquired by HCA Healthcare, cementing MD Now’s position as the largest urgent care provider in Florida. With HCA behind MD Now, this investment represents a stable, long term passive investment in one of the strongest retail markets in Florida.
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