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Dark CVS

$4,056,993

1899 North Highland Avenue, Clearwater, FL 33755

Active
Last Updated: 12/08/2025

8.5

Cap Rate

13,103 sqft

Building Size

Details:
Cap Rate:    8.5%
Building Size:    13,103 sqft
Lot Area:    1.4 acres
Lease Type:    Double Net
Year Built:    2008
Price Per Sqft:    $309
Highlights:
  • Minimal Landlord Responsibilities: This lease features minimal landlord obligations—limited to exterior and plumbing—An ideal fit for investors seeking reliable income with very little ongoing management.
  • Desirable Drive-Thru Infrastructure: Existing drive-thru window and layout offer built-in value for potential reuse or re-tenanting. Ideal for service-oriented users requiring high-traffic access.
  • Value-Add & Redevelopment Potential: Significant upside for developers and investors. The property's strong fundamentals, large lot size, and prominent corner location offer a compelling opportunity for re-tenanting or repositioning.
  • Income Tax Advantage | Florida-Based Asset: Located in a no-income-tax state, this property offers additional financial benefits for individual and institutional investors seeking tax-efficient investments.
  • Prime Retail Synergy | Outparcel to Planet Fitness Anchored Center: Positioned within a thriving retail hub alongside national tenants. Shadow anchors and adjacent retailers drive daily foot traffic and consistent consumer activity.
  • Affluent and Dense Trade Area: More than ±103,995 residents within a ±3-mile radius. The surrounding population boasts high household incomes and high spending power, supporting strong tenant performance.
  • High-Visibility Hard Corner Location: Strategically situated at a signalized intersection on a major thoroughfare, offering excellent visibility, access, and redevelopment flexibility. The large parcel size enhances configuration options for future use.
Map:
Documents:
Title
Offering Memorandum
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Location
Gallery