$7,200,000 SALE
Retail
17,466 SF
703 Court Street
Clearwater, FL 33756



Corner lot property at intersection of two main streets near Clearwater Beach. Excellent roof top and traffic count. See Demographics package attached. Sale includes 703 Court St Walgreens with no ground lease, as well as an additional adjoining parcel on the back side (700 Chestnut St) that provides access from three directions. Walgreens NNN lease commenced on 10/31/16 with term of 75 years. Existing loan to be assumed by buyer. OM, Lease Agreement, and Loan Documents available upon execution and receipt of NDA.


Property Type Retail
Property Use Rental or Investment
Year Built 2016
Zoning D
Cap Rate Percentage 5.67
Listing ID ECVE5B
Style Retail – Free Standing
Building Size 17,466 SF
Lot Size 0.48 AC

Property Highlights

75 year NNN Lease with over 15 years left on initial Term

Beer/Wine and Liquor license.

Area Description

Zoning Description: D Downtown District - mixed use, pedestrian-oriented development

Property Features
Lot Description: Corner
Additional Media Area Demographics

Thank you for requesting a property evaluation. A Coldwell Banker Commercial professional will be in touch with you soon.