Windward Plaza — Sale in Clearwater, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Clearwater, FL 33767
  • Year built: 1969

Photos

Windward Plaza — Sale in Clearwater, FL, photo 1 of 3
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Windward Plaza — Sale in Clearwater, FL, photo 3 of 3

Investment Figures

Cap rate
3.93%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Windward Plaza sits next to a strong-performing, corporately owned, Publix-anchored center, driving consistent cross-shopping traffic to the property. The center fronts Windward Passage near the signalized intersection with Island Way, which carries approximately 14,000 vehicles per day, with the Clearwater Causeway (36,500 VPD) just moments away. Windward Plaza is located on Island Estates in Clearwater, FL; a barrier island neighborhood minutes from Clearwater Beach with over 15 million annual visitors. The subject property is across the street from the Clearwater Marine Aquarium, and within close proximity to a dense concentration of resort hotels, including the Hilton, Hyatt Regency, Wyndham Grand, JW Marriott, and Sandpearl Resort. Investment Highlights: • VALUE-ADD UPSIDE –BELOW MARKET RENTS / GROSS LEASES Windward Plaza has a gross average Rent/SF of $31.07, well below the market rents achievable in the Island Estates/Clearwater Beach corridor. All te • FULLY OCCUPIED / STAGGERED LEASE ROLLOVER The center is 100% leased across 7 tenants with staggered lease expirations from 2027 through 2031, reducing rollover risk and providing an investor with oppo • IRREPLACEABLE INFILL SITE At ±0.67 acres within the tightly-held Island Estates community, Windward Plaza offers a rare opportunity to acquire retail real estate in a supply-constrained, highly afflue

Market Context

This retail in Clearwater, FL is listed for sale. It is offered at an approximate 3.9% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1969. Compare it against other retail listings for sale in Clearwater, FL — view the full market.

As of Q4 2025, the Tampa retail market showed a 3.4% vacancy rate, average asking rents near $27.49/SF/yr, and rents up 4.5% year over year. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Tampa retail market tightening or softening?
Vacancy is around 3.4%, with asking rents rising year over year (Q4 2025).

Estimated Price per SF

$134.30/SF – $976.70/SF

Mid: $406.96/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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