RMC Property Group (RMC) is pleased to announce that it has acquired the ground lease to a Winn-Dixie Supermarket located at 2139 34th N St Petersburg, FL 33713. The 6.0 acre property was purchased for $7.33 million, and is located at the signalized intersection of US Hwy 19 (34th Street N) and 22nd Ave N. This submarket has seen a tremendous amount of retail development in the past several years.
“This was an exciting off-market opportunity to acquire several acres at one of the most prominent intersections in St Petersburg,” said Bobby EgglestonChief Real Estate Officer and Chief Financial Officer for RMC. “The in place lease provides for an attractive return on our investment, and we see countless long-term opportunities with the property given its location.”