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1899 N Highland Ave, Clearwater, FL, 33755

Dark CVS
$4,056,993

Key Information

Cap Rate
8.5%
$ per SF
$309
Tot. SF
13,103
Year Built
2008
Term Remaining
±8 Yrs
Type
Retail

Highlights

  • Minimal Landlord Responsibilities: This lease features minimal landlord obligations—limited to exterior and plumbing—An ideal fit for investors seeking reliable income with very little ongoing management.
  • Desirable Drive-Thru Infrastructure: Existing drive-thru window and layout offer built-in value for potential reuse or re-tenanting. Ideal for service-oriented users requiring high-traffic access.
  • Value-Add & Redevelopment Potential: Significant upside for developers and investors. The property’s strong fundamentals, large lot size, and prominent corner location offer a compelling opportunity for re-tenanting or repositioning.
  • Income Tax Advantage | Florida-Based Asset: Located in a no-income-tax state, this property offers additional financial benefits for individual and institutional investors seeking tax-efficient investments.
  • Prime Retail Synergy | Outparcel to Planet Fitness Anchored Center: Positioned within a thriving retail hub alongside national tenants. Shadow anchors and adjacent retailers drive daily foot traffic and consistent consumer activity.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203