Curlew Lakes 

31077 US Highway 19 N | Palm Harbor, Florida 34684

Contact Brokers

James Medefind
First Vice President Investments
James.Medefind@MarcusMillichap.com
(C) 850-228-9400
(O) 813-387-4788
FL #SL3216834

Highlights

  • All tenants reimburse landlord for Taxes, Insurance, and Common Area expenses which will provide an investment with a very consistent, low risk cash flow for years to come.

  • With an attractive, recession-resistant tenant mix and long lease terms, financing from institutional lenders and traditional banks are available. Curlew Lakes is expected to generate a cash-on-cash return of over 12% in the first year.

  • A majority of the tenants have 5+ years remaining on their lease term which will provide an investor with a low management and predictable income stream.

  • Curlew Lakes completed a full renovation in 2018 including all-new exterior façade, parking lot, pylon sign, well, landscaping, irrigation system, curbs, lighting, retention pond, renovated parking lot.

  • Pinellas County is credited with being the densest county in the entire state of Florida with more than 200,000 residents within a short 5-mile radius.

  • With more than 400 feet of frontage on US Highway 19, the busiest highway in Pinellas County, Curlew Lakes has exposure to more than 76,000 cars per day and is surrounded by the nation’s leading retailers.

Description

Marcus & Millichap is pleased to exclusively offer for sale this Curlew Lakes, a recently renovated 44,389-square-foot shopping center located in Tampa Bay MSA. The subject property is 100 percent leased with national and regional retail tenants including Burn Boot Camp, Dollar Tree, and Freeway Insurance. A majority of the tenants have more than five years remaining on their lease term which will provide an investor with a low management and predictable income stream.

Location

Uniquely positioned within northern Pinellas County and on US Highway 19, the busiest highway in the county, the subject property sees substantial traffic of over 76,000 cars per day. Pinellas County is credited as the densest county in the state of Florida helping to generate demand to the tenants at Curlew Lakes.

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201 North Franklin Street

Suite 1100

Tampa, FL 33602

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