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Hillside Plaza | 100% Occupied | 4+Yrs WALT 33100-33160 U.S. 19 Hwy N 17,000 SF 100% Leased Retail Building Palm Harbor, FL 34684 $8,496,000 ($499.76/SF) 6.15% Cap Rate
Investment Highlights
- 100% Occupied | 4+ Years WALT | Options To Extend | Rental Increases | Strong Tenant Mix
- Dense Retail Corridor | Steps From Coral Landings Shopping Plaza (2M Annual Visits)
- Frontage On US Highway 19 (93,000 VPD) | Excellent Visibility & Access
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, multi-tenant retail center located in Palm Harbor, Florida. The property features a strong and diverse tenant mix with over 4 years of remaining weighted average lease term (WALT), offering stable in-place income. Nearly all tenants benefit from renewal options and scheduled rental increases, supporting long-term income growth and built-in inflation protection. A synergistic mix of uses encourages cross-shopping activity, enhancing tenant performance and overall consumer draw.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,000 SF
Building Class
C
Year Built
1985
Price
$8,496,000
Price Per SF
$499.76
Cap Rate
6.15%
NOI
$522,488
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.93 AC
Zoning
CP - Commercial Parkway District
Parking
69 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
294’ on U.S. Highway 19
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-28-16-00000-340-0400 | Improvements Assessment | $1,283,701 |
| Land Assessment | $1,091,299 | Total Assessment | $2,375,000 |
Property Taxes
Parcel Number
06-28-16-00000-340-0400
Land Assessment
$1,091,299
Improvements Assessment
$1,283,701
Total Assessment
$2,375,000
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Hillside Plaza | 100% Occupied | 4+Yrs WALT | 33100-33160 U.S. 19 Hwy N
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