$3,215,000
Description
We are proud to present for sale to qualified investors, the opportunity to purchase a fee simple interest in 28540 US Hwy 19 N, Clearwater, FL 33761 (the "Property") and accompanying billboard ground lease. The Property is 100% tenant occupied, home to INSA Cannabis Dispensary and Fundora My Dentist, both on long-term NNN leases. This passive investment has 3% annual escalations and options to extend. Additional rental income included with the billboard ground lease. Per property appraiser records, in 2022 the property underwent over $1,100,000 estimated value of interior capital improvements representing an intense financial commitment by both tenants, $850,000 and $292,152 respectively. The Property is front and center on US Hwy 19 (95,000 "AADT") with over 200 feet of direct frontage, A+ visibility, and signage. Please review the Offering Memorandum for additional information.
Listed by Alexander Lucke, .
Property Highlights
- Acres: 0.69
- County: Pinellas
- Year Built: 1973
- Cooling Type: Central Air
- Property Type: Commercial, Retail
- MLS #: T3446569
Property Features
| Construction Materials | Block, Stucco |
| Cooling | Central Air |
| Interior Square Footage | 6,708 |
| Lot Size Acres | 0.69 |
| Lot Size Dimension | 200x150 |
| Lot Size Square Feet | 30,000 |