2659 Roosevelt BlvdClearwater, FL 33760

Property Details for 2659 Roosevelt Blvd

Year built

2023

Property size (Sq ft)

11,500 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

27.9151

Longitude

-82.7275

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