Retail-Commercial for Sale
Catylist Listing ID: 28660733
Property Subtypes: Convenience Store, Restaurant, Retail-Pad
Building Size (RSF): 4,420 SF
Gross Building Area: See Agent
Gross Land Area: 1.35 Acres
Sale Price: $1,750,000
Unit Price: $395.93 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: The Crossings at Renaissance Square
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: 6.25%
Last Updated: 8/10/2017

Overview / Comments

NOW OPEN FOR BUSINESS! NNN LEASED 7-11 AND MARCO'S PIZZA Located at the signalized intersection of S. Missouri Ave. and Druid Road in Clearwater next to Wendy's restaurant. Marco's Pizza has multiple locations in Atlanta and is opening 15 new restaurants in the Tampa Bay area. NOW OPEN FOR BUSINESS. #1 IN CORPORATE SALES FOR MARCO'S PIZZA.

7-11 is on a 10 year NNN lease with options.
Marco's Pizza is on 5 year NNN lease with options.

PRICE INCLUDES A VACANT PAD READY SITE WHICH CAN ACCOMODATE UP TO 8,000 SF. Master planned development with cross access and parking. Access to Wendy's and a retail center to the south.

Owner/developer will sell, and do a build to suit and lease the vacant site. Great owner/user/developer opportunity.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15-29-15-16530-000-0100
Market Type: Medium
Retail Clientele: General
Property Located Between: Corner of S. Missoui Ave and Druid Road
Side of Street: West
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Missouri Avenue
Transportation: Bus
Highway Access: Frontage on S. Missouri and Druid Road
Site Description: Attractive new NNN leased RETAIL CENTER at hard corner. Highly visible, highly accessible location at the SIGNALIZED INTERSECTON of s. Missouri Ave and Druid Road. Access from both S. Missouri and Druid Road
Area Description: Situated in the Central Clearwater Business district. Various businesses including retail, financial institutions, restaurants, office and service businesses.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2013
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Attractively designed and landscaped new retail center.
Parking Ratio: 41 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking available on the west, south and east side of building.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Non-gas 7-11 with corporate designed build out. Marco's Pizza to include both take out and dine in.
Zoning Description: Commercial/Retail
Easements: Electric Lines, Utilities
Land Ownership: Fee simple
Legal Description: Clearwater Retail, lot 10

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,978 112,895 260,339
Median Age: 39.66 44.87 46.64
Households: 7,985 50,124 121,260


Photograph of Listing Agent

George D Hurst

First Commercial Group
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