$1,600,000 • living size area 3335 sqft

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.

Commercial - PORT CHARLOTTE SEC 016 for Sale

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