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Shopping Strip

Serendipity Plaza

28801 US Hwy 19 N, Clearwater, FL 33761

Listing Price: $6,350,000

Cap Rate
6.75%
Gross SF
35,520
Rentable SF
35,520
Price/Gross SF
$178.77
Lot Size
3.88 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present Serendipity Plaza, a truly rare investment opportunity for an investor to purchase a shopping center with a proven track record of success in the market of Clearwater, FL. Serendipity Plaza has a strong occupancy history and tenant mix with over 60 Percent of the GLA having been in occupancy for 12 years or longer. The proven success of the existing tenants and limited inventory of retail units in the immediate area will provide stability to the future income stream and mitigate investor risk. Serendipity Plaza is located on US 19 in the heart of Pinellas County with almost 900 linear feet of frontage. US 19 sees over 76,500 cars per day and has the highest traffic count in Tampa Bay. National Retailers including Dicks Sporting Goods, Home Depot, CVS, Walgreens Chick-Fil-A, Publix Supermarkets, McDonald’s, Starbucks, Dunkin’ Donuts and dozens of other national retailers are located within a close proximity of the property. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Long-Term Tenants - Serendipity Plaza has a strong historical occupancy history with over 60 Percent of the GLA having been in occupancy for 12 years or longer.
  • Service-Based Tenants - Financials services, insurance, medical, real estate, beauty services, and fitness are all proven concepts and are considered the future of retail.
  • Lowest Price Per Foot on the Market - Offered at a price of just $179 per square foot, there is not another stabilized shopping center on the market in Tampa Bay for a lower price.
  • Located in Heart of Pinellas County's Prime Retail Corridor - Serendipity Plaza is located on US 19 in the heart of Pinellas County with almost 900 linear feet of frontage. US 19 sees over 76,500 cars per day and has the highest traffic count in Tampa Bay.
  • Location, Location, Location - In addition to the high traffic counts and dense residential population, Serendipity Plaza is convenient to all major employment and transportation hubs. The Clearwater / Palm Harbor submarket is ideally positioned for long term success.

Exclusively Listed By

Financing By

Shopping Strip

Serendipity Plaza

Listing Price: $6,350,000

Cap Rate
6.75%
Gross SF
35,520
Rentable SF
35,520
Price/Gross SF
$178.77
Lot Size
3.88 acres
Year Built
1982

Investment Highlights

  • Long-Term Tenants - Serendipity Plaza has a strong historical occupancy history with over 60 Percent of the GLA having been in occupancy for 12 years or longer.
  • Service-Based Tenants - Financials services, insurance, medical, real estate, beauty services, and fitness are all proven concepts and are considered the future of retail.
  • Lowest Price Per Foot on the Market - Offered at a price of just $179 per square foot, there is not another stabilized shopping center on the market in Tampa Bay for a lower price.
  • Located in Heart of Pinellas County's Prime Retail Corridor - Serendipity Plaza is located on US 19 in the heart of Pinellas County with almost 900 linear feet of frontage. US 19 sees over 76,500 cars per day and has the highest traffic count in Tampa Bay.
  • Location, Location, Location - In addition to the high traffic counts and dense residential population, Serendipity Plaza is convenient to all major employment and transportation hubs. The Clearwater / Palm Harbor submarket is ideally positioned for long term success.

Investment Overview

Marcus & Millichap is pleased to present Serendipity Plaza, a truly rare investment opportunity for an investor to purchase a shopping center with a proven track record of success in the market of Clearwater, FL. Serendipity Plaza has a strong occupancy history and tenant mix with over 60 Percent of the GLA having been in occupancy for 12 years or longer. The proven success of the existing tenants and limited inventory of retail units in the immediate area will provide stability to the future income stream and mitigate investor risk. Serendipity Plaza is located on US 19 in the heart of Pinellas County with almost 900 linear feet of frontage. US 19 sees over 76,500 cars per day and has the highest traffic count in Tampa Bay. National Retailers including Dicks Sporting Goods, Home Depot, CVS, Walgreens Chick-Fil-A, Publix Supermarkets, McDonald’s, Starbucks, Dunkin’ Donuts and dozens of other national retailers are located within a close proximity of the property. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

Financing By

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