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2181 Gulf To Bay Blvd
Clearwater, FL 33765
PDQ Chicken | ABSOLUTE NNN LEASE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2016 Build to Suit for PDQ | Outparcel to Walmart Neighborhood Market in a Heavy Retail Corridor | 3,309-SF Building on a +/-0.79 Acre Parcel
- Corporately Guaranteed Lease | Property Features a Drive Thru, Outdoor Patio Seating and a Lighted Large Parking Lot With 40 Total Spaces
- Located on a Hard, Signalized Corner With Visibility Along S Belcher Road and Gulf to Bay Blvd, Seeing a Combined 69,000 VPD
- 12 Years Remaining on an Absolute Net Lease | No Landlord Responsibilities | 10% Rental Increases Every 5 Years and in Each of Four, 5-Year Options
- Three Points of Ingress and Egress | Outparcel to Walmart Neighborhood Market Anchored Center in a Very Dense Retail Corridor
- Proximity to Multiple National Tenants Including Publix, Office Depot, ALDI, Costco, Sam’s Club, Target, Chase, Wendy’s and More
EXECUTIVE SUMMARY
Corporately guaranteed PDQ on an absolute NNN lease with 12 years remaining and 10% rent increases every 5 years. Built in 2016 as a drive-thru outparcel to Walmart Neighborhood Market at a high-traffic, signalized intersection (69,000+ VPD) in Clearwater, FL. Surrounded by major national retailers and strong 5-mile demographics of 250,700+ residents and 399,000+ daytime population.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,309 SF
Building Class
C
Year Built
2016
Price
$3,327,500
Price Per SF
$1,005.59
Cap Rate
6%
NOI
$199,650
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.79 AC
Parking
40 Spaces (12.09 Spaces per 1,000 SF Leased)
Frontage
232’ on Gulf to Bay Blvd.
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 13-29-15-34001-000-0050 | Improvements Assessment | $891,524 |
| Land Assessment | $588,476 | Total Assessment | $1,480,000 |
PROPERTY TAXES
Parcel Number
13-29-15-34001-000-0050
Land Assessment
$588,476
Improvements Assessment
$891,524
Total Assessment
$1,480,000
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