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1503 S McCall Rd 4,400 SF 100% Leased Retail Building Englewood, FL 34223 $1,800,000 ($409.09/SF) 7.39% Cap Rate
Investment Highlights
- New five-year sale-leaseback leases on all three properties deliver immediate, predictable cash flow from day one
- Two five-year renewal options allow the tenant to extend occupancy up to 15 years, supporting long-term income stability
- NNN leases require the tenant to pay taxes, insurance, and maintenance, minimizing landlord responsibilities
- 2% annual rent escalations drive built-in income growth over the lease term and enhance long-term property value
Executive Summary
The HandWorks Sale-Leaseback Portfolio presents the opportunity to acquire three medical properties leased to an established healthcare practice under a brandnew
sale-leaseback structure. At closing, the tenant will execute new five-year triple net (NNN) leases on all three properties, providing investors with immediate,
passive cash flow and zero landlord responsibilities.
The leases include two five-year renewal options and 2% annual rent escalations, creating consistent income growth over time. The portfolio generates approximately
$133,000 in annual net operating income and is being offered at $1,800,000representing a 7.39% capitalization rate.
HandWorks has an established operating history and intends to continue operating from these locations while ultimately pursuing a sale of the practice in the future.
Given the costs associated with relocating medical practices and the potential transition to a new operator, the portfolio offers investors the opportunity for tenancy
that could extend well beyond the initial five-year lease term. This combination of stable cash flow, contractual rent growth, and long-term occupancy potential makes
the portfolio an attractive investment for net lease buyers seeking dependable income and future upside.
sale-leaseback structure. At closing, the tenant will execute new five-year triple net (NNN) leases on all three properties, providing investors with immediate,
passive cash flow and zero landlord responsibilities.
The leases include two five-year renewal options and 2% annual rent escalations, creating consistent income growth over time. The portfolio generates approximately
$133,000 in annual net operating income and is being offered at $1,800,000representing a 7.39% capitalization rate.
HandWorks has an established operating history and intends to continue operating from these locations while ultimately pursuing a sale of the practice in the future.
Given the costs associated with relocating medical practices and the potential transition to a new operator, the portfolio offers investors the opportunity for tenancy
that could extend well beyond the initial five-year lease term. This combination of stable cash flow, contractual rent growth, and long-term occupancy potential makes
the portfolio an attractive investment for net lease buyers seeking dependable income and future upside.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,400 SF
Building Class
C
Year Built
1974
Price
$1,800,000
Price Per SF
$409.09
Cap Rate
7.39%
NOI
$133,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.27 AC
Zoning
CG - Commercial
Parking
10 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 412006402004 | Improvements Assessment | $288,073 |
| Land Assessment | $68,927 | Total Assessment | $357,000 |
Property Taxes
Parcel Number
412006402004
Land Assessment
$68,927
Improvements Assessment
$288,073
Total Assessment
$357,000
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1503 S McCall Rd
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