Shopping Strip
Leader's-Anchored Retail Plaza
30950 US Hwy 19 N, Palm Harbor, FL 34684
Listing Price: $3,600,000
Cap Rate
6.95%
Gross SF
14,147
Rentable SF
14,147
Price/Gross SF
$254.47
Lot Size
1.03 acres
Year Built
1985
Investment Overview
Marcus & Millichap is pleased to bring to market Leader's-Anchored Retail Plaza located at 30950 US Highway 19 N, Palm Harbor, FL 34684.
Investment Highlights
- 100% Occupied Retail Plaza Consisting of 14,147-SF on a ±1.03-AC Lot
- Anchor Tenant Stability: Leader's Furniture, the anchor tenant since 1985, recently renewed their lease for an additional five years, demonstrating a long-term commitment to the location.
- Strong Lease Structure: All tenants are on triple-net (NNN) leases, covering 100% of taxes, insurance, and common area maintenance (CAM).
- Upside Potential: Current rents average $19.44/SF, well below the market average of $26.11/SF, providing significant potential for future rent adjustments.
- High Visibility & Traffic Exposure: Positioned along US-19, the area's most heavily trafficked roadway, with over 80,000 vehicles passing daily.
- Major Infrastructure Improvements: Located within the $242.6 million US-19 roadway improvement project, designed to enhance traffic flow, access and safety along the corridor.
- Central Location: Within a 30-minute drive to Tampa, St. Petersburg, and Clearwater, offering convenient access to major economic hubs.
- Strong Demographics: Dense population of approximately 197,000 residents within a 5-mile radius, with an average household income exceeding $92,000.
Exclusively Listed By
Financing By
Listing Price: $3,600,000
Cap Rate
6.95%
Gross SF
14,147
Rentable SF
14,147
Price/Gross SF
$254.47
Lot Size
1.03 acres
Year Built
1985
Investment Highlights
- 100% Occupied Retail Plaza Consisting of 14,147-SF on a ±1.03-AC Lot
- Anchor Tenant Stability: Leader's Furniture, the anchor tenant since 1985, recently renewed their lease for an additional five years, demonstrating a long-term commitment to the location.
- Strong Lease Structure: All tenants are on triple-net (NNN) leases, covering 100% of taxes, insurance, and common area maintenance (CAM).
- Upside Potential: Current rents average $19.44/SF, well below the market average of $26.11/SF, providing significant potential for future rent adjustments.
- High Visibility & Traffic Exposure: Positioned along US-19, the area's most heavily trafficked roadway, with over 80,000 vehicles passing daily.
- Major Infrastructure Improvements: Located within the $242.6 million US-19 roadway improvement project, designed to enhance traffic flow, access and safety along the corridor.
- Central Location: Within a 30-minute drive to Tampa, St. Petersburg, and Clearwater, offering convenient access to major economic hubs.
- Strong Demographics: Dense population of approximately 197,000 residents within a 5-mile radius, with an average household income exceeding $92,000.
Investment Overview
Marcus & Millichap is pleased to bring to market Leader's-Anchored Retail Plaza located at 30950 US Highway 19 N, Palm Harbor, FL 34684.
Exclusively Listed By
Financing By

