Metro Diner
Retail | 3,662 SqFt
Marketing description
This ±3,662 SF freestanding outparcel building is fully leased to Metro Diner under a new 10-year lease term, offering investors secure, long-term cash flow backed by a nationally recognized restaurant brand. Founded in 1938, Metro Diner has grown to more than 60 locations across 12 states and continues to expand throughout high-traffic suburban markets, demonstrating strong brand equity, operational stability, and consistent consumer demand. Strategically positioned along the highly traveled frontage of US Highway 19 North—one of Pinellas County’s primary north-south commercial corridors—the property benefits from exceptional visibility, strong daily traffic counts, and convenient ingress and egress within The Fountains Shopping Center.
The Fountains Shopping Center is an established ±83,300 square foot mixed-use retail and medical development featuring a synergistic blend of retail, dining, and healthcare-oriented tenants, including BayCare Outpatient Services, Palm Harbor Plastic Surgery, multiple specialty dining concepts, and 50 Taps Bar. The surrounding corridor is anchored by national retailers such as Publix, Walmart, Target, Home Depot, Lowe’s, Chick-fil-A, Starbucks, and major pharmacy operators, while the presence of BayCare facilities, Mease Countryside Hospital, and numerous outpatient centers further strengthens the trade area’s economic stability and daily traffic drivers.
Located just minutes from the renowned Innisbrook Resort & Golf Club, host of the PGA Tour’s annual Valspar Championship, the property benefits from tourism-driven spending and affluent seasonal visitors. Combined with strong surrounding demographics, national retail synergy, healthcare demand, and a brand-new 10-year lease to an established operator, this asset represents a premier net-lease investment opportunity within one of the most desirable submarkets in the Tampa Bay region.
Investment highlights
Nationally Recognized Tenant with Proven Performance – Metro Diner operates under a long-standing brand platform with multi-state presence, strong consumer loyalty, and a resilient full-service dining model.
Brand-New 10-Year Lease Providing Secure Income Stream – Newly executed long-term lease offers immediate, stabilized cash flow with minimal execution risk.
Premier Pinellas County Corridor Location – Strategically positioned along US Highway 19, one of the region’s primary commercial arteries, with strong traffic counts and excellent accessibility.
Essential, Experience-Driven Retail Use – Full-service restaurant concept benefits from consistent consumer demand and strong community integration.
Passive, Low-Management Investment Profile – Net lease structure reduces landlord responsibilities, making the asset well-suited for 1031 exchange buyers and passive investors.
Strong National Retail and Medical Synergy – Ideal tenant mix of national, regional, and local retailers, medical service providers, and restaurants, supporting sustained daily traffic and long-term corridor stability.
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