Commercial Sale Property - Office in Port Charlotte
Listing Price: $1,600,000
Description of Property
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.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Office
City: Port Charlotte
County: Charlotte
Subdivision: Port Charlotte Sec 016
Sq. Ft. Gross: 3,846
Sq. Ft. Living Area: 3,335
Cost per (heated) sqare foot: $480
Year built: 2005
Annual Tax: $8,928
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Waterfront Info
Exterior & Construction
Construction: Stucco
Foundation: Block
Floors Total: 1
Floors in Unit:
Cooling: Central Air
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Lot Information
Lot Size (acres): 0.46
Lot Size (sq. ft.): 20,000 square feet
Road Frontage: Other
Legal Description & Other Information
Parcel Number: 402101408004
Zoning: CG
Tax Legal Desc.: 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
Section: 1
Range: 21E
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.