www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33751123
33751122

11561 Walsingham Road, Seminole, FL 33778

CS
FL FL SL3567539
Marcus & Millichap
DH
FL SL3301193
Marcus & Millichap
Listed by Marcus & Millichap
$1,600,000
4 days on market
Updated 4 days ago

Frontier Plaza I | Value-Add Retail Center | Seminole, FL

Details
Property Type Retail
Sub Type Shopping Center, Gas Station (+1)
Square Footage 16,115
Net Rentable (SqFt) 13,560
Cap Rate 6.24%
NOI $99,915
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $118
Year Built 1976
Acreage 1.230
Parking Spaces 30 spaces
Parking Per SqFt 1.86
Investment Type Value Add
Ground Lease No
Sale Condition 1031 exchange

100% Occupied Value-Add Retail Center | New 2024 Roof | Rent Growth Potential

Marketing description

Marcus & Millichap is pleased to exclusively present Frontier Plaza I, a 100% occupied multi-tenant retail center located at 11561 Walsingham Road in Seminole, Florida. The property consists of approximately 13,560 rentable square feet situated on 1.23 acres within an established Pinellas County trade area and offers investors a compelling value-add opportunity supported by in-place cash flow and a favorable lease rollover profile.

The center is currently leased to a diverse mix of tenants, providing immediate income while creating multiple opportunities for future rent growth. Average in-place rents of approximately $14.44 per square foot remain below prevailing market levels, and approximately 58% of the property's gross leasable area is scheduled to roll by 2027. This lease rollover profile provides future ownership with the ability to reprice below-market rents, improve lease economics, and enhance long-term asset performance over time.

The property recently benefited from the installation of a new roof in 2024 and is positioned within a mature retail corridor serving the surrounding Seminole and Largo communities. The area is supported by strong residential density, established consumer demand, and convenient access to Seminole City Center, the Gulf Beaches, and numerous national retailers throughout the trade area.

Frontier Plaza I represents an opportunity to acquire a fully occupied neighborhood retail center with immediate cash flow, meaningful mark-to-market potential, and multiple avenues for future value creation in one of Pinellas County's most established retail submarkets.

Investment highlights

100% occupied 13,560 SF multi-tenant retail center providing immediate in-place cash flow

New roof completed in 2024 at seller's expense, significantly reducing near-term capital expenditure requirements

Average in-place rents of approximately $14.44/SF remain below prevailing market levels, creating a compelling mark-to-market opportunity

Approximately 58% of the property's gross leasable area rolls by 2027, providing multiple opportunities to increase rents and enhance asset value

Diverse tenant mix with no single tenant occupying more than 31% of the center's rentable area

Located within an established infill Pinellas County trade area supported by strong demographics and a dense residential customer base

Convenient access to Seminole City Center, Gulf Beaches, and numerous national retailers serving the surrounding market

Offered at a 6.24% in-place cap rate with significant long-term income growth potential

Listing Contacts

CS
FL FL SL3567539
Marcus & Millichap
DH
FL SL3301193
Marcus & Millichap
Listed by Marcus & Millichap

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,915.00
$8,326.25/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Ryan Nee
License
BK3154667
Title
Broker of Record
Name
Christopher Skurka
License
FL SL3567539
Brokerage Phone
813-387-4774
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591