FL Palm HbrTampa, FL 33660

This exceptional investment opportunity presents a 14,025-square-foot, single-story retail center in Palm Harbor, Florida, situated on a 1.03-acre lot. Built in 2002, the property boasts a 100% occupancy rate with three tenants, all operating under NNN leases. The strong tenant mix includes a corporately guaranteed Safelite AutoGlass location featuring two drive-in bays with rear parking and garage doors. Leaders Furniture, another tenant, utilizes multiple outdoor displays, maximizing visibility. The center benefits from its prime location along US-19, a major thoroughfare with over 80,000 vehicles passing daily, ensuring high traffic exposure. Each tenant's lease includes annual rental increases and renewal options, contributing to a stable and growing income stream. The property's Net Operating Income (NOI) is $273,595, resulting in a compelling 7.60% capitalization rate. The asking price is $3,600,000. This center is strategically located within a dense retail corridor, surrounded by numerous national retailers such as Publix, Home Depot, Harbor Freight, Starbucks, Planet Fitness, Walgreens, IHOP, McDonald's, Petco, Chase Bank, CVS, Enterprise, and BMW. The surrounding area demonstrates strong demographics, with a population exceeding 200,700 within a 5-mile radius and an average household income exceeding $94,200 within a 1-mile radius. This property offers a rare combination of strong tenancy, excellent location, and significant growth potential, making it an ideal addition to any investment portfolio.