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Key Facts

Type Office
Levels Commercial Sale
Size 3335 sqft
Garage No
Maintenance Fees 
Taxes $8,928
Days Active 11
Approx. Age 2005
Avg. Price Per Sqft $479
MLS® Number C7513515

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberC7513515
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2005
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CCentral Air
Heating Fuel

Extras

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