Description: Excellent Net Leased Investment Property with two tenants and very well maintained property. Located on busy US Hwy 19 between Clearwater and Palm Harbor.
* Offered at an 8.25% Cap Rate.
* The property is comprised of two buildings, one is 4008 SF (restaurant) and the other is 2700 SF (batteries plus).
* Excellent Visibility on US Hwy 19, the main retail corridor in the area.
* The Asian restaurant has been in place for approximately 8 years and has expanded in that time.
* The Batteries Plus, a national franchise, has been in place for 8 years and excercised their second option in 2013. The third option runs through 2022 with 3% lease escalations.
* There is a revenue generating billboard on the property mounted to the rear of the property.
* Ingress and egress from US Hwy 19 is very good.
* Excellent, spacious parking with over 5 spaces per thousand SF.
Features
Interior Features
Levels: 1
Taxes & Fees
Condo Fees
:
Not Available
Taxes:
$21,847.67
Monthly Rent:
Not Available
28540 US Highway 19, Clearwater,, FL, 33761 United States$1,395,000
