5501 Roosevelt BlvdClearwater, FL 33760
- Retail properties
- 17,891 SF
Property Details for 5501 Roosevelt Blvd
- Year built
- 1988
- Property size (Sq ft)
- 17,891 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle centers
Description
This exceptional Clearwater, Florida shopping center presents a compelling investment opportunity. The property, located at 5501-5555 Roosevelt Blvd, boasts 17,891 square feet across two single-story buildings, constructed in 1988 and renovated in 2019. The center features five tenants, including a thriving MÜV Cannabis Dispensary, one of Florida's leading medical cannabis providers. A significant 2,173 square foot end-cap space offers substantial upside potential, potentially suitable for a restaurant or bar, given its outdoor area. The property benefits from a prime location in Pinellas County, directly across from Bay Vista Business Park, home to TD Synnex Corporation's global headquarters. Ample parking (109 spaces) and high visibility on Roosevelt Boulevard enhance its appeal. The property's strong financial performance is reflected in its $3,950,000 asking price, a 6.72% cap rate, and a net operating income (NOI) of $265,545. The property is zoned CG and includes rent bumps. This NNN-leased multi-tenant property offers a solid return on investment with potential for future growth. The property's APN is 33-29-16-70380-200-1101.
Location Insight
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Latitude
- 27.9165
- Longitude
- -82.71
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- 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 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 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].