Trophy Hard Corner Retail at 35553 Us Route 19
FOR SALE
$4,740,740
35553 Us Route 19, Palm Harbor, FL 34684
15,432 SF
Square Feet
$307
PPSF
6.75%
CAP
Property Description
NOI
$320,000
Cap Rate
6.75%
- Trophy Hard Corner Real Estate: Positioned at a highly visible signalized intersection with excellent accessibility, offering phenomenal intrinsic real estate fundamentals.
- Value-Add / Covered Land Play: With 4 years remaining on the lease, this asset offers ultimate flexibility for an investor. A buyer can collect corporate-backed rent while negotiating a lease extension, repositioning the building for a higher-paying tenant (like a medical user or QSR), or redeveloping the site entirely.
- Massive Exposure (90,000 VPD): The property benefits from exceptional visibility along US-19, which carries roughly 90,000 vehicles daily, ensuring the site remains highly desirable for any future tenant.
- High Barrier-to-Entry Market: Pinellas County is the most densely populated county in Florida. Prime corner parcels of this size on US-19 are exceptionally rare and highly sought after by developers and expanding retailers.
- Strong Purchasing Power: The 5-mile radius boasts an average household income over $115,000, providing a robust consumer base to support pharmacy sales or any future retail concept.
- Income Tax-Free State: Located in Florida, providing a significant tax advantage and acting as a major draw for out-of-state capital looking to park money in premium Sunbelt real estate.
Property Details
Asset Type
Retail
Year Built
2004
Acres
1.54
Neighborhood
Palm Harbor
Submarket
Palm Harbor
ZIP
34684
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$507,680
Debt Service Coverage Ratio (DSCR)
1.88x
Cap Rate
10.71%
Cash Flow (Annual)
$237,998
Cash-on-Cash Return
20.08%
Monthly Debt Service
$22,474
Annual Debt Service
$269,682
View on Map
Address
35553 Us Route 19
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Palm Harbor Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
