28540 US Highway 19 N | Clearwater, FL 33761
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- LoopNet Team
28540 US Highway 19 N
Clearwater, FL 33761
NNN Retail / 8.29% CAP · Retail Property For Sale
Investment Highlights
- Fully leased NNN asset with long term tenants in place.
- Rental income from billboard ground lease included in the sale.
- Average CAP rate throughout the initial term of 9.29%.
- Excellent 8.29% CAP rate on current NOI on $266,592.
- $1,100,000 estimated value of capital improvements completed in 2022.
- Clearwater, FL is experiencing strong population growth with over 225,000 people within a 5-mile radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,708 SF
Building Class
C
Year Built
1973
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.69 AC
Zoning
CP-1 - Commercial Parkway
Parking
38 Spaces (5.66 Spaces per 1,000 SF Leased)
Frontage
200 FT on US 19
Amenities
- Bus Line
- Fenced Lot
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 19-28-16-00000-310-3000 | Improvements Assessment | $1,147,808 |
| Land Assessment | $452,192 | Total Assessment | $1,600,000 |
PROPERTY TAXES
Parcel Number
19-28-16-00000-310-3000
Land Assessment
$452,192
Improvements Assessment
$1,147,808
Total Assessment
$1,600,000
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