1194 NE Cleveland St - Convenience Store FOR SALE


Clearwater, FL 33755- Downtown Clearwater
$1,714,285 USD
561-602-8390
1194 NE Cleveland St, Clearwater, FL for Sale
$1,714,285 USD
Convenience Store - FOR SALE
1/5
null | 7% Cap Rate

1194 NE Cleveland St
Clearwater, FL 33755
Downtown Clearwater


HIGHLIGHTS

  • Downtown Clearwater ensures high visibility, accessibility and steady stream of customers
  • Low property rent indicates substantial opportunity for growth and increased valuation
  • 10% rent increases every five years with the next increase in 2026
  • 18 years remaining on primary term
  • Absolute NNN lease - tenant is responsible for all expenses at the property
  • Recent renovations include new HVAC, new pumps, tank upgrades, new canopy and signage

OVERVIEW

The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors the opportunity to acquire this gas station and convenience store in Clearwater, Florida. The site is strategically located at the intersection of NE Cleveland Street and Drew Street in a bustling urban area with high vehicular traffic and minutes away from Downtown Clearwater and the world-famous Clearwater Beach. This exceptional asset epitomizes a unique investment opportunity amidst one of the fastest growing markets in Florida. Backed by a 20-year absolute NNN lease providing the new owner with a stable, predictable income stream, this investment opportunity is further enriched by the inclusion of a Go Market signature store within the premises. This convenience store diversification allows for a broader customer base by offering a variety of products ranging from quick snacks to essential goods, appealing to both the casual visitor and local residents. Clearwater’s reputation as a rapidly growing market is bolstered by its tourist appeal, burgeoning population, and economic development, making investments in the area likely to reap benefits in operational revenues and long-term property appreciation. The property’s strategic location and stability provided by a solid tenant position this gas station as a compelling option for investors.

FOR SALE DETAILS

PRICE

$1,714,285 USD

PRICE/SF

$5,714 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18 Year Absolute NNN Lease Annual Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,000 SF

ZONING

CG

APN/PARCEL ID

15-29-15-03060-003-0010

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.