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35000 US Highway 19 N
Palm Harbor, FL 34684
Retail Property For Sale
Investment Highlights
- Metro Diner operates under a new 10-year NNN lease, ensuring stable income with minimal landlord responsibilities.
- Located within The Fountains Shopping Center, a ±83,300 SF mixed-use development featuring retail, dining, and medical tenants.
- Ideal for 1031 exchange buyers seeking a passive, low-maintenance investment profile.
- Positioned along US Highway 19, a major north-south corridor with high traffic counts and excellent accessibility.
- Surrounded by strong national retailers and healthcare providers, reinforcing long-term trade area stability.
- Tenant is a nationally recognized brand with a multi-state presence and proven performance history.
Executive Summary
This ±3,662 SF freestanding outparcel building is fully leased to Metro Diner under a brand-new 10-year NNN lease, providing investors with secure, long-term cash flow backed by a nationally recognized restaurant brand. Strategically located along US Highway 19 North, one of Pinellas County’s most heavily traveled commercial corridors, the property offers exceptional visibility, strong daily traffic counts, and convenient ingress and egress within The Fountains Shopping Center.
The surrounding trade area is anchored by major national retailers such as Publix, Walmart, Target, Home Depot, Lowe’s, and Chick-fil-A, as well as healthcare-oriented tenants including BayCare Outpatient Services and Mease Countryside Hospital. This synergy supports consistent consumer demand and long-term stability. With a passive, low-management net lease structure and a tenant with proven operational performance, this property represents a premier investment opportunity in one of Tampa Bay’s most desirable submarkets.
The surrounding trade area is anchored by major national retailers such as Publix, Walmart, Target, Home Depot, Lowe’s, and Chick-fil-A, as well as healthcare-oriented tenants including BayCare Outpatient Services and Mease Countryside Hospital. This synergy supports consistent consumer demand and long-term stability. With a passive, low-management net lease structure and a tenant with proven operational performance, this property represents a premier investment opportunity in one of Tampa Bay’s most desirable submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,662 SF
Building Class
C
Year Built
1983
Price
$3,186,052 CAD
Price Per SF
$870.03 CAD
Cap Rate
5.50%
NOI
$175,233 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.45 AC
Zoning
ROR - residential/office/retail
Parking
16 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
179’ on US Highway 19 North
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 31-27-16-00000-310-0600 | Improvements Assessment | $619,186 CAD |
| Land Assessment | $835,316 CAD | Total Assessment | $1,454,502 CAD |
Property Taxes
Parcel Number
31-27-16-00000-310-0600
Land Assessment
$835,316 CAD
Improvements Assessment
$619,186 CAD
Total Assessment
$1,454,502 CAD
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