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35553 US Hwy 19 NPalm Harbor, FL 34684
Walgreens | Palm Harbor, FL
Asset ClassRetail
Investment Highlights
- Trophy Hard Corner Real Estate: Positioned at a highly visible signalized intersection with excellent accessibility, offering phenomenal intrinsic real estate fundamentals.
- Value-Add / Covered Land Play: With 4 years remaining on the lease, this asset offers ultimate flexibility for an investor. A buyer can collect corporate-backed rent while negotiating a lease extension, repositioning the building for a higher-paying tenant (like a medical user or QSR), or redeveloping the site entirely.
- Massive Exposure (+90,000 VPD): The property benefits from exceptional visibility along US-19, which carries roughly 90,000 vehicles daily, ensuring the site remains highly desirable for any future tenant.
- High Barrier-to-Entry Market: Pinellas County is the most densely populated county in Florida. Prime corner parcels of this size on US-19 are exceptionally rare and highly sought after by developers and expanding retailers.
- Strong Purchasing Power: The 5-mile radius boasts an average household income over $115,000, providing a robust consumer base to support pharmacy sales or any future retail concept.
- Income Tax-Free State: Located in Florida, providing a significant tax advantage and acting as a major draw for out-of-state capital looking to park money in premium Sunbelt real estate.
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35553 US Hwy 19 NPalm Harbor, FL 34684
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