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.