Drive-Through Retail
For Sale
$4,056,993
1899 N Highland Ave, Clearwater, FL 33755
Retail outparcel with an existing drive-thru window and minimal landlord responsibilities limited to exterior and plumbing.
Property Size13,103 SF
Days on Market96
Property Features for 1899 N Highland Ave
General Information
Standard status
Active
Size
13,103 SF
Property subtype
Commercial
Lease Term
±8 Yrs
Building Details
Building Size
13,103 SF
Year Built
2008
Listing Agency:
Matthews Real Estate Investments Services | Tampa
Listed By:
Princeton Douglass · License #SL3632851 (FL)
(813) 725-2182
Source:
Matthews
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 26 at 12:49PM
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 Matthews Real Estate Investments Services | Tampa
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Investment Insights
Based on property information with market context.
This retail outparcel features an existing drive-thru window and layout. The lease structure calls for minimal landlord responsibilities, limited to exterior and plumbing.
The property sits on a large lot with a prominent corner location. It is positioned as an outparcel to an anchored center with Planet Fitness, within a retail hub alongside national tenants.
The asset is located in Florida, a no-income-tax state, which may be a consideration for certain individual and institutional investors seeking tax-efficient investments.
The property sits on a large lot with a prominent corner location. It is positioned as an outparcel to an anchored center with Planet Fitness, within a retail hub alongside national tenants.
The asset is located in Florida, a no-income-tax state, which may be a consideration for certain individual and institutional investors seeking tax-efficient investments.
Key Highlights
- Year built 2008 retail outparcel with an existing drive‑thru window
- Lease features minimal landlord responsibilities, limited to exterior and plumbing
- Located on a large lot in a prominent corner position
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,843
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,136,860
$3.1M
Cap Rate 7%
$2,240,614
$2.2M
Cap Rate 9%
$1,742,700
$1.7M
Market Conditions
NOI Build-Up for 13,103 SF
Gross rent
$235.9K $18.00/SF
− Vacancy
−$11.8K −$0.90/SF
EGI
$224.1K $17.10/SF
− OpEx
−$67.2K −$5.13/SF
NOI
$156.8K $11.97/SF
Area
Clearwater, FL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,136,860
Cap Rate 7%
$2,240,614
Cap Rate 9%
$1,742,700
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.61M
NOI $156,843 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,331 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Retail space - Retail outparcel with an existing drive-thru window and minimal landlord responsibilities limited to exterior and plumbing.
Where is this retail space located?
The property is located at 1899 N Highland Ave Clearwater, FL.
What is the asking price?
The asking price for this property is $4,056,993.
What are key features of this property?
This property features: Year built 2008 retail outparcel with an existing drive‑thru window; Lease features minimal landlord responsibilities, limited to exterior and plumbing; Located on a large lot in a prominent corner position
