CVS St Pete

2200 34th Street in St Petersburg, Florida, is a distinguished retail property in Long Term Capital's (LTC) portfolio, acquired in 2018. This property features a well-structured 11,969 square foot building fully leased to CVS, a leading name in the retail pharmacy sector, symbolizing a stable and strategic investment in retail real estate.

Occupying a 1.46-acre lot, the property offers an expansive setting that accommodates the building and provides substantial parking space, a vital aspect for retail operations, especially in high-traffic areas. The sizable footprint of the building is perfectly aligned with the operational needs of CVS, providing ample space for a full range of retail services, including pharmacy, health products, and general merchandise.

The location of 2200 34th Street is a key element of its appeal. Positioned in a busy area of St Petersburg, the property benefits from high visibility and ease of access. Its proximity to major thoroughfares, residential neighborhoods, and commercial zones makes it a convenient shopping destination for the local community and visitors alike.

The full lease of the property to CVS is a testament to its desirability and viability as a retail location. CVS's strong market presence and consistent customer base provide long-term stability and predictable revenue streams, making this property a valuable asset in LTC's real estate portfolio.

Acquiring 2200 34th Street reflects LTC's skill in identifying and capitalizing on prime real estate opportunities. The property’s strategic location, robust tenant lease, and the foresight in LTC's acquisition strategy combine to make it a significant and successful investment in the St Petersburg retail market.