Active

$1,600,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3335 sq ft
Overview
  • ID: MFRC7513515
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3335 sq ft
Property Details
Remarks
Investor alert!! 4.79% Cap Rate. Free-standing medical office building located on Toledo Blade Blvd in Port Charlotte leased to Heartland Dental! Annual Average Daily Traffic Count on Toledo Blade Blvd 20,000! Roof replaced 4/6/2022. Amazing location less than 0.3 miles from Tamiami Tr and less than 6 miles from I75!sign replaced in 2024. The current lease in place expires July 31, 2028. Tenant has three (3) renewal terms of f ive (5) years each in duration. The current gross income is $93,942.24 and the current net income is $76,578.41. Real estate tax + insurance are passed through to the tenant, and the tenant handles the landscaping. Renewal Term 1 is a 15% increase at $112,669.22 annual rent ($33.79 PSF) for years 6-10. Renewal Term 2 and 3 to be negotiated at Fair Market Value. Tenant has the Right of First Refusal. Heartland Dental has 1,700+ supported offices and 2,800+ supported doctors across 38 states and they employ over 20,000 team members. Do not disturb tenant.
Financial Considerations
Price:
$1,600,000
HOA Fee:
N/A
Tax Amount:
$8927.95
Price per SqFt:
$416.02
Tax Legal Description:
PCH 016 1084 0013 PORT CHARLOTTE SEC16 BLK1084 LTS 13 & 14 296/631 299/311 805/1555 1201/1969 1219/290 DC1296/572 2001/1207 E2524/2137 ORD2449/380 3052/1590
Exterior Features
Lot Size:
20000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
2005
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    17178 TOLEDO BLADE BLVD
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