Rare Commercial Property opportunity in the heart of St. Petersburg, FL. This Triple Net (NNN) leased building is one of the most reliable forms of income-producing real estate ownership, ideal for 1031 Exchange or Hands-off Investors. The 2,628 sq ft standalone building has a stable, thriving Veterinary Hospital tenant responsible for paying rent, half of the annual taxes, insurance, operating expenses, utilities, and the lawn maintenance associated with the property. The property is located on the corner of 1st Ave S and 35th St. one block away from US 19 (34th St) offering high visibility and traffic volume with several nearby businesses driving consistent foot traffic. Convenient Access & Parking with 11 Parking spaces (including two handicapped spots) for patrons and separate additional parking for the doctor and staff. Offers 3 driveways for easy Entry/Exit access and front door circular drop off / pick up area. Upgrades include a New Roof and Repair and painted soffit/fascia 2023, and $12K elective tree removal/pruning shows proactive property upkeep. The building owner has commercial general liability insurance for $844.36 annually. *LEASE TERM REMAINING: 5 Years* *RENEWAL OPTION: 5 Years* *2023 ANNUAL RENTAL INCOME: $46,049.05 / 2024 ANNUAL RENTAL INCOME: $50,462.40 * *RENTAL INCREASES: 3% Annually* Increasing returns make this a low-maintenance, cash-flow-positive property.