1401 Gulf Blvd is a fully leased, 7,933-square-foot, eight-unit multi-tenant retail and service strip center positioned directly on Gulf Boulevard in Indian Rocks Beach — one of Pinellas County's most supply- constrained coastal corridors. Offered at $1,399,000 ($176.35/SF), the Property is 100% occupied by a diversified roster of local operators generating $189,401 in current scheduled annual rent. Underwriting — actual trailing 12-month (August 2025 – July 2026) income less operating expenses (including $11,000/year of insurance and $25,000/year of property taxes) and a 5% vacancy and credit loss factor — produces net operating income of $67,435 and a 4.82% cap rate at the asking price (5.48% on an as- collected, unadjusted basis reflecting the Property's actual full-occupancy performance). Applying the current fully-leased rent roll against a stabilized expense load implies a 7.02% pro forma cap rate, with further upside to 12.9%–13.2% under an NNN lease restructuring — underscoring meaningful embedded value beyond in- place income.