Buccaneer Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30380352
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Other
Building Size (RSF): 23,936 SF
Gross Building Area: See Agent
Sale Price: $3,250,000
Unit Price: $135.78 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Buccaneer Plaza
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 4/8/2021

Overview / Comments

Broker: Ned Willis - NWillis@VectorRealty.com - 727-481-3356
Agent: Doug Studer - DStuder@VectorRealty.com - 813-507-7946

Buccaneer Plazais a 23,936 square-foot retail center located in Pinellas Park, Florida, near St. Petersburg. Buccaneer Plaza is 96.5% leased to eleven (11) local tenants including The Pizza Joint, Terra Mar Brazilian Steakhouse, Martial Gaming and Winz Lash & Brow.

Notwithstanding the occupancy level, Buccaneer Plaza offers a new owner significant upside potential because of below-market rents, and gross leases that are being converted over time to net leases. Buccaneer Plaza is centrally located in Pinellas Park which is a municipality in Pinellas County between St. Petersburg and Clearwater. The center is located on 49th Street North, a main north-south commercial artery, and just south of Park Boulevard with a traffic count of 45,000 vehicles per day

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 16 30 33 10836 001 0060
Zoning: B-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,361 135,293 321,436
Median Age: 40.96 42.97 43.83
Households: 6,247 57,813 143,480


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