17178 TOLEDO BLADE BLVD new Save Request In-Person Tour Request Virtual Tour
Port Charlotte,FL 33954
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,335 sqft
Price per Sqft $479
Subdivision Port Charlotte Sec 016
MLS Listing ID C7513515
HOA Y/N No
Year Built 2005
Annual Tax Amount $8,927
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Office
Source Stellar MLS
Property Description
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.
Location
State FL
County Charlotte
Community Port Charlotte Sec 016
Area 33954 - Port Charlotte
Zoning CG
Interior
Cooling Central Air
Building
Story 1
Foundation Block
Lot Size Range 1/4 to less than 1/2
Structure Type Stucco
New Construction false
Others
Ownership Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7513515