Sunset Square Shopping Center Listing Details & Market Data

Conveniently located near the heart of downtown Clearwater. Access via Sunset Point Road or North Highland Avenue.This 85,000 + sf retail center is a prime redevelopment opportunity with a strong existing income stream. Stabilized tenants currently include the out-parcels; CVS and Checkers, both on longterm leases; Subway and Jackson Hewitt Tax Service, and the anchor Kash 'n Karry who has a remaining obligation through February 2019 on a lease in a dark location and may offer incentives to a potential tenant who will take over space upon redevelopment. The center is priced to cash flow at current occupancy allowing a buyer time to redevelop and procure new tenants after acquisition with a huge upside potential of 28,452 sf of vacant space to be filled. Plans have also been approved to redevelop the anchor space into a self storage location which would also reduce parking requirements and make an additional high rent out-parcel possible.Excellent retail leasing opportunities in the newly renovated Sunset Square Shopping Center. This redevelopment included the transition of a large end-cap retail box into Clearwater Storage, which drastically increases an already abundant parking availability (5 / 1000), as well as the most exciting addition of a new anchor tenant, Planet Fitness, which will drive a huge consumer presence to a plaza which already includes national retailers such as CVS, Subway, and Checkers and being adjacent to a Walmart Neighborhood Market and Dunkin Donuts. Please visit the "Available Spaces" section of the website or view the brochure to see several leasing opportunities, as well as additional information. Estimated CAM: $3.72