40545 US Highway 19 N | Tarpon Springs, FL 34689
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- LoopNet Team
40545 US Highway 19 N
Tarpon Springs, FL 34689
Tarpon Springs Retail · Retail Property For Sale
Investment Highlights
- New 2018 Construction with excellent visibility located on high traffic area off US Hwy 19 with 78,000 cars traveling daily along SR-55
- Strong national and regional tenant line up including TGH Urgent Care, Aspen Dental, Firehouse Subs, and Trulieve
- Adjacent to IHOP and Burger King on same lot driving traffic to the center, both of which offer additional income through long term access agreements.
- Income Tax-Free State -- Pinellas County is one of the most densely populated counties in Florida with more than 50% of its population of working age
- All leases are NNN with strong escalations
- Upside to be realized by filling the last remaining space of 1,747 SF, plus in-place rent growth of over 14% in the next 5 years
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
16,470 SF
Building Class
C
Year Built
2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.27 AC
Zoning
HB - Highway Business
Parking
115 Spaces (6.99 Spaces per 1,000 SF Leased)
Frontage
372’ on US 19 N
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 18-27-16-89923-000-0020 | Improvements Assessment | $4,477,815 |
| Land Assessment | $1,832,185 | Total Assessment | $6,310,000 |
Property Taxes
Parcel Number
18-27-16-89923-000-0020
Land Assessment
$1,832,185
Improvements Assessment
$4,477,815
Total Assessment
$6,310,000
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