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 DescriptionZoning Description: D Downtown District - mixed use, pedestrian-oriented development
| Lot Description: | Corner |
