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Description
Investor alert!! 4.82% 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 $91,599.72 and the current net income is $72,323.79. 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.
Property Highlights
Property Type: Commercial - Office
Cooling: Central Air
Lot Size: 0.46 Acres
Stories: 1.0
Taxes: $8,927
Year Built: 2005
General Information
County: Charlotte
Subdivision: PORT CHARLOTTE
Listed By:
Kayla Weiss-Bohnstedt
COLDWELL BANKER REALTY
941-639-0090
MLS ID: C7513515
Property Features
Days on Site: 343
Directions: if you are going south on I75 take exit Toledo Blade Blvd and make a right onto Toledo Blade Blvd. Take Toledo Blade until you see the property on your left hand side, make a U-turn and the property will be on your right hand side.
Exterior: Stucco
Flood Zone Code: X
Foundation: Block
Home Warranty Y/N: No
Lot Dimensions: 0.46
Ownership: Other
Property Attached Y/N: No
Property Sub-Type: Office
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Water Access Y/N: No
Zoning: CG
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17178 Toledo Blade Boulevard, Port Charlotte, FL 33954.
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