Investment Overview

LONG-TERM TENANTS Serendipity Plaza has a strong historical occupancy with over 60 Percent of the GLA having been tenants 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. SERVICE-BASED TENANTS Serendipity Plaza has thrived due to the broad mix of service-based retailers at the plaza. Financial services, insurance, medical, real estate, beauty services, and fitness are all proven concepts and are considered the future of retail. With minimal exposure to product-based tenants who are susceptible to expanding e-commerce retailers, the tenants in Serendipity Plaza are at low risk for high turnover. LOWEST PRICE PER FOOT ON THE MARKET Serendipity Plaza offers an investor the opportunity to acquire a quality property substantially below replacement cost. Offered at a price of just $182 per square foot, there is not another stabilized shopping center on the market in Tampa Bay for a lower price. By minimizing any downside in value, Serendipity Plaza is best positioned to thrive in any part of the economic cycle. 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. 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. 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.