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Shopping Neighborhood

Windward Plaza

280 Windward Passage, Clearwater, FL 33767, Clearwater, FL 33767

Listing Price: $5,000,000

Cap Rate
3.93%
Gross SF
8,747
Rentable SF
8,747
Price/Gross SF
$571.62
Lot Size
0.67 acres
Year Built
1969

Investment Overview

Windward Plaza sits next to a strong-performing, corporately owned, Publix-anchored center, driving consistent cross-shopping traffic to the property. The center fronts Windward Passage near the signalized intersection with Island Way, which carries approximately 14,000 vehicles per day, with the Clearwater Causeway (36,500 VPD) just moments away. Windward Plaza is located on Island Estates in Clearwater, FL; a barrier island neighborhood minutes from Clearwater Beach with over 15 million annual visitors. The subject property is across the street from the Clearwater Marine Aquarium, and within close proximity to a dense concentration of resort hotels, including the Hilton, Hyatt Regency, Wyndham Grand, JW Marriott, and Sandpearl Resort.

Investment Highlights

  • VALUE-ADD UPSIDE –BELOW MARKET RENTS / GROSS LEASES Windward Plaza has a gross average Rent/SF of $31.07, well below the market rents achievable in the Island Estates/Clearwater Beach corridor. All te
  • FULLY OCCUPIED / STAGGERED LEASE ROLLOVER The center is 100% leased across 7 tenants with staggered lease expirations from 2027 through 2031, reducing rollover risk and providing an investor with oppo
  • IRREPLACEABLE INFILL SITE At ±0.67 acres within the tightly-held Island Estates community, Windward Plaza offers a rare opportunity to acquire retail real estate in a supply-constrained, highly afflue

Exclusively Listed By

Financing By

Listing Price: $5,000,000

Cap Rate
3.93%
Gross SF
8,747
Rentable SF
8,747
Price/Gross SF
$571.62
Lot Size
0.67 acres
Year Built
1969

Investment Highlights

  • VALUE-ADD UPSIDE –BELOW MARKET RENTS / GROSS LEASES Windward Plaza has a gross average Rent/SF of $31.07, well below the market rents achievable in the Island Estates/Clearwater Beach corridor. All te
  • FULLY OCCUPIED / STAGGERED LEASE ROLLOVER The center is 100% leased across 7 tenants with staggered lease expirations from 2027 through 2031, reducing rollover risk and providing an investor with oppo
  • IRREPLACEABLE INFILL SITE At ±0.67 acres within the tightly-held Island Estates community, Windward Plaza offers a rare opportunity to acquire retail real estate in a supply-constrained, highly afflue

Investment Overview

Windward Plaza sits next to a strong-performing, corporately owned, Publix-anchored center, driving consistent cross-shopping traffic to the property. The center fronts Windward Passage near the signalized intersection with Island Way, which carries approximately 14,000 vehicles per day, with the Clearwater Causeway (36,500 VPD) just moments away. Windward Plaza is located on Island Estates in Clearwater, FL; a barrier island neighborhood minutes from Clearwater Beach with over 15 million annual visitors. The subject property is across the street from the Clearwater Marine Aquarium, and within close proximity to a dense concentration of resort hotels, including the Hilton, Hyatt Regency, Wyndham Grand, JW Marriott, and Sandpearl Resort.

Exclusively Listed By

Financing By

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