Pride of Ownership Walgreens | 24 Hour – Two-Story State-Of-The-Art Prototype | Clearwater Beach, FL

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brent Hanna

248.702.0293
brent@encorereis.com

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Offering Information

401 Poinsettia Ave
Clearwater Beach, FL 33767

  • Price: $13,182,960
  • Cap. Rate: 5.0%
  • NOI: $659,148
  • Building Size: 22,988SF
  • Lot Size: 22910 AC

Investment Highlights

  • Undeniable Trophy Real Estate | Relocation of Existing Store
  • Absolute Net Lease Structure | Zero Landlord Responsibilities
  • Income Tax Free State | Extremely Successful Store With Peerless Sales
  • Flood Proof Design | Hurricane Impact Glass | Upgraded Store Front
  • 24-Hour Walgreens Strategically Located on #1 Beach in America
  • Rare - Two-Story Walgreens Building - Over 22,000 Rentable Square Feet
  • Tremendous Long Term Land Value - Clearwater Beach Real Estate
  • Located Adjacent to the Main Roundabout for all Major Incoming Beach Traffic
  • Positioned in a Vibrant and Exploding Retail Growth Market
  • Major Tourist Destination - Premiere Resorts and Beach Communities
  • Population Within a 5 mile Radius is 125,861 and Projected to Grow 9.13%
  • Average Household Income Within a 1 Mile Radius Exceeds $106,161