Dollar General Nnn Top Performing Location Early… — Sale in St. Petersburg, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: St. Petersburg, FL 33712

Photos

Dollar General Nnn Top Performing Location Early… — Sale in St. Petersburg, FL, photo 1 of 1

Investment Figures

Cap rate
6.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale this corporate Dollar General store located at 2216 18th Avenue S in Saint Petersburg, Florida. This freestanding, single tenant property sits on an oversized 1.45-acre (63,162 SF) parcel and was originally built in 2011. The investment is structured as an Absolute NNN lease with zero landlord responsibilities, backed by a full corporate guarantee from Dollar General Corporation (NYSE: DG), one of the most recognized and creditworthy tenants in the net lease marketplace. The lease carries approximately five years of term remaining through August 2026, with Dollar General having already exercised its first 5-year renewal option extending occupancy through August 31, 2031, a clear signal of the tenant’s longterm commitment to this location. The lease structure includes 10 percent rental increases every five years and four additional 5-year options beyond the exercised term, providing a long runway of structured rent growth and income visibility well into the future. From a demographic standpoint, the subject property benefits from an exceptionally strong trade area. Saint Petersburg is the fifth most populous city in Florida and a primary submarket of the Tampa Bay MSA, home to over 3.29 million people. Within a 5-mile radius, the population exceeds 217,997 with a median household income of $75,628, projected to climb 17.1% over the next five years. The site is surrounded by several large apartment communities including 1701 Central, Arte, Vantage St. Pete, Camden Central, and The Exchange, providing a dense and built-in residential customer base. Colleges and universities nearby, including St. Petersburg College (23,350 students), USF St. Petersburg (4,000 students), and Eckerd College, further support consistent daytime and evening traffic. The broader economic fabric of Saint Petersburg is anchored by major employers including Raymond James, Publix Supermarkets, Jabil, Bayfront Medical, Spectrum, and Fidelity Nation

Market Context

This retail in St. Petersburg, FL is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in St. Petersburg, FL — view the full market.

As of Q4 2025, the Tampa retail market showed a 3.4% vacancy rate, average asking rents near $27.49/SF/yr, and rents up 4.5% year over year. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Tampa retail market tightening or softening?
Vacancy is around 3.4%, with asking rents rising year over year (Q4 2025).

Estimated Price per SF

$134.30/SF – $976.70/SF

Mid: $406.96/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

Explore this market

Similar Retail Business for Sale in Florida