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Three Tenants in Palm Harbor FL (2/3 Publicly Traded Credit)

$1,272,000

31515 U.S. Highway 19 N, Palm Harbor, FL 34684

Active
Last Updated: 10/30/2024

7

Cap Rate

89,065

NOI

Details:
Cap Rate:    7%
NOI:    $89,065
Building Size:    5,500 sqft
Lot Area:    0.92 acres
Occupancy:    100%
Year Built:    2004
Highlights:
  • Two-Tenant & Billboard Investment Opportunity |Minimal Landlord Responsibilities | No State Income Tax
  • Strong Demographics 5-Mile Trade Area | Affluent 1-Mile |Six-Figure Incomes | Tampa MSA
  • Fronting US-19 | Primary Thoroughfare - Heavy Traffic (95,000 VPD) Surrounding Retailers | Palm Harbor New Developments
Description:

• Opportunity to acquire WOW!, Vinson Heating & Cooling, and a billboard in Palm Harbor, FL
• The asset features minimal landlord responsibilities making this an ideal investment opportunity for a future investor
• No state income tax

• The asset is strategically fronting US-19 averaging 95,000 VPD
• US-19 is the primary retail thoroughfare serving the city of Palm Harbor with surrounding retailers such as Publix, Sprouts, Walgreens, Chick-fil-A, Starbucks, and more
• Along Palm Harbor’s Innisbrook Golf Course, approval was given for a 21-acre plot of land to be converted into a multifamily development that will feature 64 townhome units

Map:
Location
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