Shopping Centers in Clearwater, Florida, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of approximately 120,000, Clearwater provides an ideal environment for shopping centers to flourish. These properties can represent a range of investments, from small strip centers to large regional malls, each catering to the diverse needs of the local community. Clearwater's infrastructure, including the Clearwater Public Library System, Clearwater Marine Aquarium, and BayCare Ballpark, makes it an attractive location for shopping centers. The city's proximity to the Gulf of Mexico and Tampa Bay, as well as its humid subtropical climate, also contribute to its appeal. Additionally, Clearwater is home to major employers like Morton Plant Hospital, Tech Data, and Honeywell, which helps drive the local economy. The city's attractions, such as Clearwater Beach and Coachman Park, make it a popular destination for tourists and locals alike.
Clearwater's shopping centers are situated in a prime location, with easy access to major transportation hubs like Tampa International Airport and St. Petersburg-Clearwater International Airport. The city's economy is supported by a diverse range of industries, including tourism, healthcare, and marine sciences. With 11 shopping centers for sale in Clearwater, investors have a wide range of options to choose from. In addition to shopping centers, Clearwater also offers other property types, such as restaurants, specialty properties, land, and office properties. For example, the city's downtown district, known as the Cleveland Street District, features a mix of high-rise condos, a large marina, and a variety of new bars, restaurants, and amenities. The city's restaurants offer a range of cuisines, from seafood to fine dining. Specialty properties, like the Clearwater Marine Aquarium, provide unique attractions for visitors. Land and office properties are also available, offering opportunities for development and commercial use. Overall, Clearwater's shopping centers and other property types make it an attractive location for investors and businesses alike.
What is the average cap rate for shopping centers in Clearwater?
According to current market data, the average cap rate for shopping centers in Clearwater is 6.41%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail sector, which is supported by a population of around 120,000 and a diverse range of local amenities, including BayCare Ballpark, Coachman Park, and the Clearwater Marine Aquarium.
