Clearwater, FL - Gulf to Bay Plaza

2420 Gulf to Bay Boulevard, Clearwater, FL

$4,763,000

Price

6%

Cap Rate

$285,750

NOI

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Street
Map
Overview
Cap Rate
6%
NOI
$285,750
Building Size
6,750 sqft
Lot Area
0.93 acres
Occupancy
100%
Year Built
2023
Floors
1
Description

• Three tenant asset that will be 100% occupied by MD Now, MyEyeDr. and Jersey Mike’s
• Brand new 10-year leases that feature 2 (5-year) options to extend
• Each lease features 10% rental increases every 5 years, including at the beginning of each option period
• Brand new 2023 construction featuring high quality materials

• The asset is located near the signalized, hard corner intersection of U.S. Hwy 19 and Gulf to Bay Blvd with a combined 321,600 vehicles passing by daily
• The asset has excellent visibility and multiple points of ingress/egress
• More than 251,000 residents and 132,000 employees support the trade area, providing a direct consumer base from which to draw
• $83,445 average household income
• The property is located in Pinellas County which is the densest county in Florida creating high barriers to entry for any competing new development
• Less than 5 miles from Clearwater Beach, a major tourism and vacation

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Listing ID: a288X0000075cbYQAQ
Location
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