Skip to main content

Shopping Strip

Dunkin Donuts Nail Salon Upcoming Remodel

700 34th St N, St. Petersburg, FL 33713

Listing Price: $2,262,720

Cap Rate
5.00%
Gross SF
3,965
Rentable SF
3,965
Price/Gross SF
$570.67
Lot Size
0.70 acres
Year Built
1961

Investment Overview

Marcus & Millichap is pleased to present for sale a two-tenant Dunkin
Donuts and Nail Salon located at 700 34th Street North in Saint
Petersburg, Florida. Dunkin Donuts occupies 2,997 SF and the Nail
Salon occupies 968 SF, of the 3,965 square foot building. Both tenants
just executed new lease extensions, with Dunkin Donuts extending for
10 years while the nail salon was given five years. Both leases are NNN
with no slippage; even management is reimbursed. The Dunkin Donuts
benefits from a drive thru, a tremendous amenity in a post Covid world.
The nail salon is paying only $14.60 per SF, which is a fraction of market
rent.
The property is located on busy 34th Street North, which sees 39,900
cars daily. This location is in central Saint Petersburg, consequently, it is
in the heart of everything. Within three miles are 136,409 residents, two
hospitals, Downtown Saint Petersburg, and countless retailers, including
Super Walmart, Sams Club, Floor & Dcor, Winn Dixie, and myriad QSRs,
banks, and hotels. Saint Petersburg is in Pinellas County, which is the
most densely populated county in Florida.
Saint Petersburg is a booming city on Floridas Gulf Coast and is part of
the Tampa Bay Area and nicknamed Sunshine City. Its population is
growing with a current population of over 261,338 people. St. Petersburg
is only a short commute to Tampas Urban Center. St. Petersburg is the
5th largest city in Florida and the second largest city in the Tampa Bay
Area. It is part of the Tampa-Saint Petersburg-Clearwater Metropolitan
area with a population of over 2.8 Million.
This property offers an investor the opportunity to purchase a stable,
minimal management, two-tenant corner property in a tremendous
growing market. An investor can enjoy the stability of a net leased asset,
while benefiting from diversified income, below market rent, and a
higher return.

Investment Highlights

  • Dunkin Donuts and Nail Salon with Recent Lease Extensions
  • Upcoming Building Remodel to the Latest Dunkin Donuts Prototype
  • Very Strong Traffic Counts Exceeding 39,000 Vehicles Per Day
  • Building Features: Drive Thru and Solar Panels
  • NNN Leases, Minimal Management, All Expenses Reimbursed
  • Florida is a No Income Tax State

Exclusively Listed By

Shopping Strip

Dunkin Donuts Nail Salon Upcoming Remodel

Listing Price: $2,262,720

Cap Rate
5.00%
Gross SF
3,965
Rentable SF
3,965
Price/Gross SF
$570.67
Lot Size
0.70 acres
Year Built
1961

Investment Highlights

  • Dunkin Donuts and Nail Salon with Recent Lease Extensions
  • Upcoming Building Remodel to the Latest Dunkin Donuts Prototype
  • Very Strong Traffic Counts Exceeding 39,000 Vehicles Per Day
  • Building Features: Drive Thru and Solar Panels
  • NNN Leases, Minimal Management, All Expenses Reimbursed
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale a two-tenant Dunkin
Donuts and Nail Salon located at 700 34th Street North in Saint
Petersburg, Florida. Dunkin Donuts occupies 2,997 SF and the Nail
Salon occupies 968 SF, of the 3,965 square foot building. Both tenants
just executed new lease extensions, with Dunkin Donuts extending for
10 years while the nail salon was given five years. Both leases are NNN
with no slippage; even management is reimbursed. The Dunkin Donuts
benefits from a drive thru, a tremendous amenity in a post Covid world.
The nail salon is paying only $14.60 per SF, which is a fraction of market
rent.
The property is located on busy 34th Street North, which sees 39,900
cars daily. This location is in central Saint Petersburg, consequently, it is
in the heart of everything. Within three miles are 136,409 residents, two
hospitals, Downtown Saint Petersburg, and countless retailers, including
Super Walmart, Sams Club, Floor & Dcor, Winn Dixie, and myriad QSRs,
banks, and hotels. Saint Petersburg is in Pinellas County, which is the
most densely populated county in Florida.
Saint Petersburg is a booming city on Floridas Gulf Coast and is part of
the Tampa Bay Area and nicknamed Sunshine City. Its population is
growing with a current population of over 261,338 people. St. Petersburg
is only a short commute to Tampas Urban Center. St. Petersburg is the
5th largest city in Florida and the second largest city in the Tampa Bay
Area. It is part of the Tampa-Saint Petersburg-Clearwater Metropolitan
area with a population of over 2.8 Million.
This property offers an investor the opportunity to purchase a stable,
minimal management, two-tenant corner property in a tremendous
growing market. An investor can enjoy the stability of a net leased asset,
while benefiting from diversified income, below market rent, and a
higher return.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower