
Triple Net Free Standing Building 6.75% Cap | 1575 S Fort Harrison Ave
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Triple Net Free Standing Building 6.75% Cap 1575 S Fort Harrison Ave
3,371 SF Retail Building Clearwater, FL 33756 $2,308,224 CAD ($684.73 CAD/SF) 6.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Triple Net Lease, The Tenant, 5 Stars Restaurant Rated Number one in Tampa Bay,
- Amazing Interior Design, Restaurant, Caffe serving varieties of food, American, European, Mediterranean
- Free Standing Building, Block , 3,802 Sq.Ft located on 0.45 Acre land with 212 foot facing the Major Rd Fort Harison
EXECUTIVE SUMMARY
Looking for an incredible triple net property free-standing building located on almost half an acre and Leased for 5 years Plus two options of 5 years, increased 3% every year by the unique best restaurants in Clearwater?! Then look no further. This gorgeous 5-star establishment has been recognized and awarded as one of the top restaurants in Tampa Bay magazine. Serving the perfect blend of Mediterranean and American cuisine, including but not limited to hand-crafted artisan pasta and delightful seafood specialties. Also, a full-service bar takes this fine dining to the next level. Located on .45 acres in world-famous Clearwater and just minutes from Belleair. Also, it is close to the ever-famous private Pelican Club and many others in the area. Just 1 mile from multimillion-dollar homes and communities in a very busy area off Ft. Harrison. The property boasts elegance, charm, and light, totaling 3,371 heated sqft. 100 seats and private dining are located in a separate room. The interior design is elegant and warm, with just the right ambiance and modern feel. Truly a gem this establishment is. Many from all over the world come to Clearwater to make reservations here. The asking price is only for the real estate, the business license, and all the equipment. Belong to the owner's business. Act now before it’s too late.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,371 SF
Building Class
B
Year Built
1984
Price
$2,308,224 CAD
Price Per SF
$684.73 CAD
Cap Rate
6.75%
NOI
$155,805 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.45 AC
Zoning
COM - Restaurant
Parking
30 Spaces (8.9 Spaces per 1,000 SF Leased)
Frontage
212’ on Fort Harrison
AMENITIES
- 24 Hour Access
- Fireplace
- Restaurant
- Signage
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 21-29-15-00000-440-2100 | Improvements Assessment | $556,761 CAD |
Land Assessment | $399,090 CAD | Total Assessment | $955,851 CAD |
PROPERTY TAXES
Parcel Number
21-29-15-00000-440-2100
Land Assessment
$399,090 CAD
Improvements Assessment
$556,761 CAD
Total Assessment
$955,851 CAD
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Triple Net Free Standing Building 6.75% Cap | 1575 S Fort Harrison Ave
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