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NNN-Leased Retail Property
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1765 Gulf to Bay Boulevard, Clearwater, FL 33755

The CVS lease includes multiple renewal periods with scheduled rent increases.

Property SizeContact for details
Days on Market9

Property Features for 1765 Gulf to Bay Boulevard

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 2007
Tenancy Single
Listing Agency: Horvath & Tremblay Tampa
Listed By: Chris King · License #FL 3359988
Source: Crexi
Added: Sep 17 Changed: Sep 24 Last Checked: Sep 24 at 2:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay Tampa

Investment Insights

Based on property information with market context.

This single-tenant retail property is occupied by CVS and subleased to Dollar Tree. CVS has occupied the site since the building was completed in 2007. The lease has 6+ years remaining, with five (5), 5-year renewal options; rent increases by 5% at the start of each option period. The property is leased on a triple-net basis.

At 1765 Gulf to Bay Boulevard, the site fronts FL Route 60, an east-west connection between Clearwater’s beaches and downtown, US 19, and the wider Tampa Bay area. US 19 provides north-south access through Pinellas County. Clearwater High School is immediately adjacent and serves approximately 1,600 students. The surrounding trade area includes residential neighborhoods, retail, restaurants, hospitality, and service businesses, with Clearwater Mall, St. Petersburg College’s Clearwater Campus, and BayCare Morton Plant Hospital among the nearby institutions.

Key Highlights

  • Triple‑net lease with CVS; the space is subleased to Dollar Tree
  • CVS has occupied the property since construction in 2007
  • 6+ years remaining on the CVS lease

Property Analytics

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Current Use

Dollar Tree Discount Store

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Carpet & Flooring Store Electrical Service HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,175
Businesses Nearby

Demographics for 33755, FL

28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - The CVS lease includes multiple renewal periods with scheduled rent increases.
Where is this retail space located?
The property is located at 1765 Gulf to Bay Boulevard Clearwater, FL.
What is the asking price?
The asking price for this property is $8,938,071.
What are key features of this property?
This property features: Triple‑net lease with CVS; the space is subleased to Dollar Tree; CVS has occupied the property since construction in 2007; 6+ years remaining on the CVS lease
More about this property
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