RIPCO Real Estate is pleased to offer for sale Anclote Plaza, a 57,320 SF commercial property located on the southwest corner of Anclote Boulevard and N Pinellas Avenue
(US-19 ALT) in Tarpon Springs, FL. The property is currently leased to 13 tenants with one vacancy. Of the 13 tenants, 12 are on NNN leases, providing stable cash flow
for this center. Four of the tenants are national tenants, including Dollar General, MetroPCS, Subway, and Pizza Hut. With a 1,200 SF vacancy and over 5,700 SF of leases
expiring with no options before the end of 2026, the potential buyers have the ability to sign new leases at market rents, increasing profitability of the center. This
intersection of Anclote Boulevard and N Pinellas Avenue (US-19 ALT) where the property is located has a combined AADT of 20,400. Within 1 mile of Anclote Plaza, there
is a population of 9,525 and an average household income of $73,946.
The asset would be an attractive investment opportunity for investors looking for stable cash flow with near 100% occupancy, a value-add opportunity by rolling over
leases in the short term to market rents, and an asset located in a state with no state income tax.