17178 Toledo Blade Blvd - Medical FOR SALE


Port Charlotte, FL 33954
$1,600,000 USD
941-268-4423
17178 Toledo Blade Blvd, Port Charlotte, FL for Sale
$1,600,000 USD
Medical - FOR SALE
1/4
null | 4.79% Cap Rate

17178 Toledo Blade Blvd
Port Charlotte, FL 33954


OVERVIEW

The current lease in place expires July 31, 2028. Tenant has three (3) renewal terms of five (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. Call Kayla Weiss-Bohnstedt with any questions or to schedule a showing 941-268-4423. Do not disturb tenant.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$480 USD /SF

CAP RATE

4.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CG

APN/PARCEL ID

402101408004

ASK ABOUT THIS PROPERTY

Kayla Weiss-BohnstedtColdwell Banker Commercial RealtyMore Info
941-268-4423

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Kayla Weiss-BohnstedtColdwell Banker Commercial RealtyMore Info
941-268-4423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.