loader
Join Free
Zeekin

Shell

1194 Northeast Cleveland Street, Clearwater, FL 33755

$1,714,285

Cap Rate 7.00%

Views: 416 DOM: 234 Updated: 09.24.24 Posted: 05.02.24 Status: Active

Summary

Price $1,714,285
Built/Renov 1960/2022
Tenant Shell
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 900
Lease Start 07-18-2022
#Units 1
Price/SF $1,904.76
Expiration 07-17-2041
Tenant Type Convenience/Gas
NOI $120,000
R. Term 16.7
Ownership Fee Simple
Rent/SF $133.33
Increases 10.0%/5/yrs
Pop 5Mi 223,589
Lot/AC 0.41
Options 0/0yrs
AHHI 5Mi $85,457

Christopher Twist
Colliers NNN Investments
Contact

Lease Highlights

  • Shell has 17+ years remaining on the current lease term

  • The lease features 10% rental escalations every 5 years | Next increase in 2026
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Shell Indi Mart, LLC

Location Description

Shell is strategically located at the hard corner intersection of NE Cleveland Street and Drew Street, with access to a combined daily traffic count of 17,202 vehicles. The property is in a bustling urban area with high vehicular traffic, minutes from downtown Clearwater and the renowned Clearwater Beach. The 5-mile trade area is supported by a population of 223,589 residents with an average...

...

Key Features

  • Recent renovation

  • Hard corner intersection

  • Build to suit

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Long 15+ yr lease

  • Accelerated depreciation

  • Personal guarantee

    • ...

Links

Shell Wikipedia Shell plc Wikipedia Clearwater, Florida Zip Code 33755 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Shell
  • Guarantor:Franchisee
  • Company:Shell Indi Mart, LLC
  • # Units:1
  • Tenant S&P: A+
  • Moody’s: Aa2
  • Stock: NYSE: SHEL

About Tenant

Shell plc (NYSE: SHEL) is a British multinational oil and gas company formed in 1907 through the merger of the Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,575 94,670 224,762
2023 Total Population : 14,610 95,116 223,838
2023 Employed Civilian Pop : 6,139 45,732 108,160
2023 Total Businesses : 1,680 5,567 11,794
2023 Average Household Income : $ 65,765 $ 87,216 $ 85,442
2023 Total Consumer Spending : $ 365 M $ 3141 M $ 7868 M
2023 Median Age : 42 47 52
2023 Total Households : 6,315 41,384 105,878
2023 Pop Age 25+: Bachelor's Degree : 1,839 14,919 36,241
2023 Average Home Value : $ 415,082 $ 418,402 $ 362,309
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Drew St N Missouri Ave 2011 17,000 0.08 mi
Cleveland Street N Missouri Ave 2022 4,500 0.16 mi
Drew St N Greenwood Ave 2003 14,300 0.16 mi
Cleveland St N Missouri Ave 2011 7,000 0.17 mi
Cleveland St N Jefferson Ave 2003 23,500 0.18 mi
N Greenwood Ave Jones St 2011 4,001 0.21 mi
South Missouri Avenue Pierce St 2022 11,100 0.25 mi
Drew Street Booth Ave 2019 13,500 0.33 mi
S Missouri Ave Gould St 2011 14,678 0.40 mi
Drew St Fern Ave 2011 14,900 0.41 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity