Palm Harbor, FL - HIllside Plaza

Description:

SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, multi-tenant retail center located in Palm Harbor, Florida. The property features a strong and diverse tenant mix with over 4 years of remaining weighted average lease term (WALT), offering stable in-place income. Nearly all tenants benefit from renewal options and scheduled rental increases, supporting long-term income growth and built-in inflation protection. A synergistic mix of uses encourages cross-shopping activity, enhancing tenant performance and overall consumer draw.

Strategically positioned along US Highway 19, the property boasts prime frontage on one of the region’s most heavily trafficked thoroughfares, with 93,000 vehicles per day. The site benefits from multiple points of access, providing excellent visibility and convenient ingress/egress for customers. Located in the heart of a dense retail corridor, the center is directly adjacent to national brands such as Starbucks, CAVA, and Chipotle, and is just steps from Coral Landings Shopping Plaza, a Publix-anchored center generating approximately 2 million annual visits and ranking in the 73rd percentile nationally per Placer.ai. The asset also enjoys proximity to several other major shopping destinations, including Highland Lakes Plaza (1.5M visits), East Lake Woodlands (2.4M), and The Shoppes of Boot Ranch (3.4M), further reinforcing the location’s regional draw. The 5-mile trade area is supported by a robust demographic base of more than 179,400 residents and 63,000 employees, with an average household income of $114,917, indicating strong consumer spending power and continued demand for retail and service-oriented tenancy.

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Listing ID: a28TP000002IoI9YAK