$4,202,283
Building Size: 4,411 SF
Years Remaining: 3.5
Cap Rate: 6.00%
Year Built: 1994
Highlights
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Significant Capital Improvements Completed – $375,000 in 2018
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10-Year Option – Tenant has a rare 10-year option to extend allowing an investor to capitalize on a long-term recasting of the lease at the end of the base lease term.
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Annual CPI Increases
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246,642 People Within 5 Miles
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Recession Proof Essential Business
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E-Commerce Proof Resilient Business
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Less than 3 Miles from Bayfront Baby Place
Description
Marcus & Millichap is pleased to present Women’s Care, a truly rare investment opportunity for an investor to purchase a property with a proven track record of success in the market of St. Petersburg, FL. This is a corporate backed lease with a 10-year option to extend which allows an investor to capitalize on a long-term recasting of the lease at the end of the base lease term. Additionally, this property is an essential business making it a recession, pandemic, and e-commerce proof concept. Women’s Care is dedicated to this site long-term because it is one of the original locations and is deeply rooted in the community. It is also located less than 3 miles from Bayfront Baby Place, which offers a broad spectrum of obstetric and neonatal services to ensure the highest level of care for patients and their babies. This prime property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.
Contact Brokers

Robert Freeman
Associate
Robert.Freeman@MarcusMillichap.com
(O) 813.387.4768

James Garner, CCIM
First Vice President InvestmentsJames.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Jim Shiebler, CCIM, CEC
Senior Vice President Investments
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780
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