26210 Us Hwy 19th N Clearwater, FL 33761-3580

This 39,011 square foot shopping center in Clearwater, Florida, presents a compelling value-add investment opportunity. Located on 7.41 acres along US Highway 19 (127,500 vehicles per day), this multi-tenant property boasts 97% occupancy with 14 tenants, including Suncoast Federal Credit Union, Medi Weightloss, CosmoProf, Abbey Carpet, and Whiskey Wings. The property comprises five single-story buildings constructed in 1981 and 1984, with renovations completed in 2018. It offers 6.4 parking spaces per 1,000 square feet and benefits from a shadow anchor, Macy's Furniture Gallery, and proximity to the 1.2 million square foot Countryside Mall, anchored by major retailers like Whole Foods, Nordstrom Rack, Macy's, JCPenney, Dillard's, and CMX Cinemas. The property features a weighted average lease term of 4.05 years, with below-market rents offering significant upside potential through lease-up of a 1,200 square foot vacant unit and rent increases. Five tenants, totaling 10,886 square feet (28% of gross leasable area), have leases expiring within the first two years, providing near-term value creation. The property's location within the thriving Tampa Bay MSA, the second largest in Florida, and its strong tenant mix contribute to its attractive growth metrics, projected at a 9.07% compound annual growth rate and a 41.54% cumulative net operating income growth over a five-year period. The property's permitted zoning is US 19, and its APN is 31-28-16-94143-000-0030. This investment offers a secure income stream with substantial upside potential in a high-growth market.