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2659 Roosevelt BlvdClearwater, FL 33760

Five-Tenant Retail Center, Clearwater, FL

Overview

Added:
Dec 11, 2024
Days on market:
114
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
2659 Roosevelt Blvd, Clearwater, Florida

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2659 Roosevelt Blvd
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