4895 E Bay Dr - Retail FOR SALE


Clearwater, FL 33764
$5,600,000 USD
813-293-7887
4895 E Bay Dr, Clearwater, FL for Sale
$5,600,000 USD
Retail - FOR SALE
1/7
null | 5.4% Cap Rate

4895 E Bay Dr
Clearwater, FL 33764


HIGHLIGHTS

  • Part of the Shoppes at East Bay development, which consists of four lots including Fifth Third Bank, Habit Burger, and Raising Cane's
  • Fully leased to CareSpot Urgent Care (3,200 RSF) and Pacific Dental (4,200 RSF), both with NNN leases in place
  • Leases feature strong corporate guarantees and excellent synergy within the surrounding retail market
  • Current leases offer market rents with room to grow in the future
  • Centrally positioned in Pinellas County along East Bay Dr, with easy access to US-19, SR 60, and I-75, which are all main travel corridors in the area
  • Excellent access and visibility along with its own dedicated monument sign

OVERVIEW

Franklin Street is pleased to present the Shoppes at East Bay, a 1.22 acre, 7,400 RSF property consisting of two medical retail tenants centrally located in Clearwater, FL, in one of the densest counties in the country. The Property is part of a multiple parcel development consisting of five national tenants. including Raising Canes, Habit Burger, Fifth Third Bank and at the subject opportunity, CareSpot Urgent Care and Pacific Dental. The Property benefits from little competition in the area from other Medtail users and is conveniently located near the main travelling corridors within Pinellas County. Shoppes at East Bay has excellent visibility with 150 feet of frontage along East Bay Drive (62,000 VPD) and is shadow anchored by Publix just across the street. East Bay Drive is a main retail and commuting corridor which connects directly to US-19 (99,000 VPD). As medical retail space becomes harder and harder to secure in this market, Shoppes at East Bay is well positioned for stable and long term success.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$757 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes at East Bay

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

R/O/R

APN/PARCEL ID

31-29-16-81203-000-0040

ASK ABOUT THIS PROPERTY

Ryan DerrimanFranklin StreetMore Info
813-293-7887

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Ryan DerrimanFranklin StreetMore Info
813-293-7887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.