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Investment Highlights

  • Original 15 Year Firm Lease with ~11.5 Years Remaining for the VA & a 20 Year Firm Lease for Evara Health with ~19 years remaining.
  • Complete renovation-to-suit to for both tenants in 2021 & 2024
  • ~7,700 Veterans in Clearwater City, Underscoring Strong Local Demand for Veteran Services.
  • VA Lease guaranteed by the U.S. Government (S&P AA+ credit rating)
  • 3% Annual Operating Cost Rent Escalations for Evara and 1% Annual Operating Cost Rent Escalation for the Veterans Affairs

Executive Summary

The Ficke Team of Colliers has been retained to exclusively market for sale for the U.S. Department of Veterans Affairs and Evara Health Clinics office located at 26286 US Highway 19 North, Clearwater, Fl 33761.
Built in 1984 and renovated in 2021and 2024 specifically for these tenants, the building comprises 41,604 rentable square feet on 4.19 acres. It is currently 100% occupied by the U.S. Department of Veterans Affairs and Evara Health. The VA occupies the space under a Modified Gross lease structure with a 15-year term, for which ~11.5 years remain currently. Evara Health is on a Triple Net (NNN) lease, offering minimal landlord responsibilities, with a 20 years lease total term and ~19 years remaining on the term.
The U.S. Department of Veterans Affairs (VA) is a federal Cabinet-level agency providing comprehensive healthcare and essential benefits to military veterans nationwide. The on-site Community-Based Outpatient Clinic (CBOC) offers a wide range of services including primary care, audiology, cardiology, dermatology, optometry, psychiatry, social work, and chronic disease education. Patients requiring hospitalization are stabilized and transferred to nearby facilities.
Evara Health is a not-for-profit, Federally Qualified Health Center (FQHC) serving underserved populations across Pinellas County. Founded in 1980, Evara operates over a dozen health centers and a mobile medical unit, reaching 60,000–70,000 patients annually. Services include primary care, pediatrics, dental, behavioral health, and specialty care, with a mission centered on equitable, patient-focused healthcare.
Clearwater, Florida, is a vibrant coastal city located in Pinellas County on the Gulf of Mexico, renowned for its stunning white-sand beaches, particularly Clearwater Beach, which consistently ranks among the top beaches in the United States. The city blends natural beauty with urban amenities, offering a wide range of recreational opportunities, from boating and fishing to vibrant dining, shopping, and entertainment scenes. Clearwater is also home to the Clearwater Marine Aquarium, a marine life rescue center made famous by the story of Winter the dolphin. With a population of just over 100,000, Clearwater serves as a key part of the Tampa Bay metropolitan area, balancing small-town charm with big-city accessibility. Its warm climate, diverse cultural attractions, and emphasis on community engagement make it a popular destination for tourists and a desirable place to live year-round.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,192 SF
Building Class
B
Year Built
1984
Price
$32,865,844 CAD
Price Per SF
$743.71 CAD
Cap Rate
7%
NOI
$2,300,609 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
4.22 AC
Zoning
US-19 Regional Center - US-19 Regional Center - City of Clearwater
Frontage
458’ on U.S. Highway 19

Amenities

  • Pylon Sign
  • Signage
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100

Nearby Major Retailers

Suncoast Credit Union
Centennial Bank
Truist
Red Lobster
First Watch
GrillSmith
BankUnited
Valley National Bank
Chase Bank
Starbucks

Property Taxes

Property Taxes

Parcel Number
31-28-16-94143-000-0020
Land Assessment
$3,118,656 CAD
Improvements Assessment
$4,534,824 CAD
Total Assessment
$7,653,480 CAD
  • Listing ID: 37507863

  • Date on Market: 2025-09-02

  • Last Updated:

  • Address: 26286 U.S. Highway 19 N, Clearwater, FL 33761

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