LIZ NUNES 561.351.4529 | CHIP ARMSTRONG 561.371.3787
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...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.
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Agency Name: COLDWELL BANKER REALTY
Agency Contact: 941-639-0090
Agent Name: Kayla Weiss-Bohnstedt
Presented by
Agent Name: The Legacy Group
Agent Phone: 561.282.5207
Agency Title: The Keyes Company
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17178 Toledo Blade Boulevard, Port Charlotte, FL 33954.
Email 17178 Toledo Blade Boulevard, Port Charlotte, FL 33954
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