601 Belcher Rd
Clearwater, FL 33764

CBRE is pleased to present an opportunity to acquire a fully occupied, ±7,092 SF single tenant medical office located on Belcher Road, directly off of the busiest east-west corridor in Pinellas County: Gulf-to-Bay Boulevard (State Road 60). This intersection has a combined 69,300 cars passing by each day, and provides easy, direct access for customers and employees alike. With more than 257,000 residents within five (5) miles of the property, this location enjoys close proximity to numerous eateries, shopping options, gas stations, and pharmacies. It is a short distance east of award winning Clearwater Beach, and approximately 15 miles west of Tampa, Florida, making Robson Eye Institute a convenient location to patients all over Tampa Bay.
The asset would be ideal for a 1031-investor seeking a stable, single-tenant asset that is well-maintained with minimal landlord responsibilities, located in a densely populated section of one of the largest cities in Tampa Bay, and Florida. Additionally, the landlord will benefit from massive compounding annual base rent increases of 3%, and the collection of additional revenue from a management and admin fee reimbursement by the tenant for a passive net leased investment that has historically been easily maintained by the landlord directly.