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Drew St. plaza 1745 Drew St 7,200 SF 100% Leased Retail Building Clearwater, FL 33755 $2,352,919 CAD ($326.79 CAD/SF) 5.29% Cap Rate
Executive Summary
This is a prime opportunity to get into a great signalized street corner, 5 unit strip mall.
Rent is around $3 under market on 4 of the units and has plenty of room for growth on new leases.
all tenants have been in the plaza for over 3 years with the longest almost 18yrs.
Projected NOI $100,000+ with new leases
Great location in the heart of Clearwater, FL
Tenants
unit 1 Hair salon
unit 2 Mexican market/Deli/Restaurant
unit 3 Barber
unit 4 Nutrition store
unit 5 smoke shop but will be vacant soon.
Investment highlights
Signalized corner
New Sign
Established Tenants
Busy intersection
leases are ready to be renewed for market rate
Rent is around $3 under market on 4 of the units and has plenty of room for growth on new leases.
all tenants have been in the plaza for over 3 years with the longest almost 18yrs.
Projected NOI $100,000+ with new leases
Great location in the heart of Clearwater, FL
Tenants
unit 1 Hair salon
unit 2 Mexican market/Deli/Restaurant
unit 3 Barber
unit 4 Nutrition store
unit 5 smoke shop but will be vacant soon.
Investment highlights
Signalized corner
New Sign
Established Tenants
Busy intersection
leases are ready to be renewed for market rate
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$143,795
|
$19.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,795
|
$19.97
|
| Taxes |
$18,401
|
$2.56
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,401
|
$2.56
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,795 |
| Annual Per SF | $19.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $143,795 |
| Annual Per SF | $19.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,401 |
| Annual Per SF | $2.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,401 |
| Annual Per SF | $2.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,200 SF
Building Class
C
Year Built/Renovated
1974/2008
Price
$2,352,919 CAD
Price Per SF
$326.79 CAD
Cap Rate
5.29%
NOI
$124,566 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.50 AC
Zoning
C - Commercial
Parking
20 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-29-15-82404-003-0010 | Total Assessment | $981,149 CAD |
| Land Assessment | $384,326 CAD | Annual Taxes | $18,401 CAD ($2.56 CAD/SF) |
| Improvements Assessment | $596,822 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
14-29-15-82404-003-0010
Land Assessment
$384,326 CAD
Improvements Assessment
$596,822 CAD
Total Assessment
$981,149 CAD
Annual Taxes
$18,401 CAD ($2.56 CAD/SF)
Tax Year
2025
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Drew St. plaza | 1745 Drew St
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