401 Corbett Street, Clearwater, FL, USA

Tampa Bay MSA, Clearwater

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Total Square Feet

±46,464 SF

Asking Price

$5,000,000

NOI

$297,202

The property has a diverse tenant mix and staggered lease terms, limiting rollover risk
10 of the 14 tenants have no options remaining, giving an investor near-term control of the rent roll and full flexibility to negotiate renewals, reset expense base years, and remix the tenancy at rollover
7 vacant units allows an investor to immediately increase cash flow at the property by leasing up spaces, increasing gross rents by approximately 50%
The property is located adjacent to BayCare’s Morton Plant Hospital, a 687-bed facility with more than 50,000 patients annually, driving demand for medical users in the area
The asset is located off S Ft Harrison Avenue which has an AADT of 17,500
The center is located in Pinellas County, the most densely populated county in the state of Florida
86,345 population within a 3-mile radius
$103,269 average household income within a 3-mile radius