Clearwater Town Square
Closed511-553 S. Fort Harrison Ave., Clearwater, FL 33756
Property type
Retail
Unit / Space count
9
Price
$5,000,000
Building size
14,880 sf
Rentable area
14,880 SF
Year built
2005
Year renovated
Occupancy
Zoning code
Lot size
1.65 Acres
Sold/status
Sold · Date unknown
Sale price
$5000000
Property description
Franklin Street is pleased to present Clearwater Town Square in Clearwater, Florida. Clearwater Town Square is a 2005 built unanchored multi-tenant strip center with NNN leases located blocks away from Downtown Clearwater, Clearwater Public Courthouse, and is directly across from a Publix anchored center all driving traffic to the area. The subject property is made up of a desirable national & local tenant mix lineup: JP Morgan Chase Bank, FedEx Kinko’s, Jimmy John’s, Knee Deep Coffee, among other notable tenants most of which have been occupying space over a decade. Moreover, the property has excellent frontage visibility on S Fort Harrison Ave and shares a hard corner with Turner St. Similarly, the building provides strong walkability access to the store through the front and back of the building catering to both foot and automobile traffic. Clearwater Town Square presents an excellent opportunity for an investor to take ownership of a strong income stream and well-located asset by purchasing the property with its in-place income and progressively renewing leases to market rental rates.
Property highlights
- Generated 31 Written Competitive Offers & 276 Signed CAs
- Multiple Bids From In State and Out of State Institutional Groups, Private Investors, and Real Estate Funds
- Buyer Closed with Debt Provided by the Franklin Street Capital Team and Hired Franklin Street Management and Leasing Teams Upon Closing
- Desirable National & Local Tenant Mix Lineup: JP Morgan Chase Bank (with Drive-Through), FedEx Kinko’s, Jimmy John’s, Knee Deep Coffee, and Other Notable Tenants
- Excellent Visibility on the Hard Corner of S Fort Harrison Ave & Turner St Blocks Away from Downtown Clearwater
- The 14,880 SF NNN Property Provides Strong Walkability Access to the Store Through the Front and Back of the Building Catering to Both Foot and Automobile Traffic
- Directly Across From a Publix Anchored Center with AT&T, UPS Store, and Wells Fargo.