Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, triple-net leased CVS (subleased to Dollar Tree) located at 1765 Gulf to Bay Boulevard (FL Route 60) in Clearwater, Florida (the “Property”). CVS has been at the Property since its construction in 2007 and has 6+ years remaining on their lease with five (5), 5-year renewal options. The CVS lease calls for 5% increases at the start of each of their renewal options.
The Property occupies a highly strategic position along Gulf to Bay Boulevard (FL Route 60), the primary east-west route connecting Clearwater’s beaches and downtown with US 19 and the greater Tampa Bay area, while US 19 provides major north-south connectivity throughout Pinellas County. The Property is also immediately adjacent to Clearwater High School, which serves approximately 1,600 students and creates a significant nearby concentration of students, faculty, staff and daily traffic. The immediate trade area is supported by a dense mix of residential neighborhoods, retail, restaurants, hospitality and service businesses. The surrounding area benefits from proximity to Clearwater Mall, St. Petersburg College’s Clearwater Campus (with more than 14,000 students), BayCare Morton Plant Hospital (a 599-bed regional medical center and one of West Central Florida’s largest private employers), major retailers and numerous medical and professional-service businesses.
The combination of strong Gulf to Bay Boulevard exposure, immediate proximity to Clearwater High School, access to major transportation corridors, nearby educational and healthcare institutions, and proximity to Clearwater’s renowned beaches creates a compelling location for commercial investment.