17178 Toledo Blade Boulevard, Port Charlotte, FL 33954

$1,500,000
3,335
SqFt
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List Price
$1,500,000
Status
Active
Days on Market
355
Price Change
▼ $100,000 1770156010
MLS#
C7513515
Property Style
Office
Year Built
2005
Living Area
3,335
Lot Size
20,000
Acres
0.46
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Port Charlotte Sec 016
MLS Area Major
Port Charlotte
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941-763-1963

Property Description

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.

941-763-1963
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Additional Information

Taxes Annual
$8927
Community Features
No Deed Restriction
Zoning
CG
Air Conditioning
Central Air
Exterior Construction
Stucco
Foundation
Block
Pool
No Pool
Flood Zone Code
X
Parcel ID
402101408004
Legal Description
PCH 016 1084 0013 PORT CHARLOTTE SEC16 BLK1084 LTS 13 & 14 296/631 299/311 805/1555 1201/1969 1219/290 DC1296/572 2001/1207 E2524/2137 ORD2449/380 3052/1590
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Listing courtesy of COLDWELL BANKER REALTY. 941-639-0090

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