For Sale
Request a price

2659 Roosevelt Blvd Clearwater, FL 33760

Five-Tenant Retail Center, Clearwater, FL

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 11,500-square-foot retail property, built in 2023, presents a compelling investment opportunity in Clearwater, Florida. Located at 2659 Roosevelt Blvd, this single-story, multi-tenant building boasts five units, currently leased to a mix of businesses, including the anchor tenant, Village Inn. The property benefits from an Absolute NNN lease structure, minimizing landlord responsibilities. Each of the four additional tenants holds a 10-year lease, providing significant long-term stability. The leases include a 10% rental increase every five years, ensuring consistent revenue growth. Situated on a high-traffic retail corridor at the intersection of US Hwy 19 North and Roosevelt Blvd, the property enjoys exceptional visibility and accessibility. The location benefits from a high daily traffic count exceeding 46,756 vehicles on Roosevelt Blvd, and is directly adjacent to a Walmart Supercenter. Nearby prominent retailers include Wawa, Cheddar's, McDonald's, and Starbucks. The surrounding area demonstrates strong demographics, with a 5-mile population of 102,305 residents and a median household income of $70,630. The property's lease terms extend until March 31, 2034, offering a remaining lease term of approximately 9.4 years. This prime retail investment in a thriving Florida market with no state income tax offers a unique opportunity for substantial returns. The property's APN is 32-29-16-70362-300-0604.

Highlights

  • 11,500 SF, five-tenant retail property in Clearwater, FL, with a Village Inn anchor tenant.
  • Absolute NNN leases with 9.4 years remaining until lease expiration (March 31, 2034).
  • Located on a major retail corridor at US Hwy 19 and Roosevelt Blvd, directly across from a Walmart Supercenter.
  • High traffic count (46,756+ vehicles daily on Roosevelt Blvd) and strong demographics (5-mile population of 102,305, median household income of $70,630).
  • Property is for sale by owner.

Property Details for 2659 Roosevelt Blvd

Property type
Lifestyle centers, Power centers
Square Feet
11,500 SF
Year Built
2023
Stories
1
Units
5

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.915144
Longitude
-82.727511

FAQs

What type of property is this?
Lifestyle center - Five-Tenant Retail Center, Clearwater, FL
Where is the lifestyle center located?
The property is located at 2659 Roosevelt Blvd Clearwater, FL.
What are key features of this property?
This property features: 11,500 SF, five-tenant retail property in Clearwater, FL, with a Village Inn anchor tenant.; Absolute NNN leases with 9.4 years remaining until lease expiration (March 31, 2034).; Located on a major retail corridor at US Hwy 19 and Roosevelt Blvd, directly across from a Walmart Supercenter.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2659 Roosevelt Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message