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17178 Toledo Blade Blvd 3,335 SF Office Building Port Charlotte, FL 33954 $1,500,000 ($449.78/SF) 4.82% Cap Rate
Executive Summary
The current lease in place expires July 31, 2028. Tenant has three (3) renewal terms of five (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.
Call Kayla Weiss-Bohnstedt with any questions or to schedule a showing 941-268-4423. Do not disturb tenant.
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.
Call Kayla Weiss-Bohnstedt with any questions or to schedule a showing 941-268-4423. Do not disturb tenant.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,335 SF
Building Class
B
Year Built
2005
Price
$1,500,000
Price Per SF
$449.78
Cap Rate
4.82%
NOI
$72,324
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,335 SF
Slab To Slab
14’
Building FAR
0.17
Lot Size
0.46 AC
Zoning
CG
Parking
24 Spaces (7.2 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | 402101408004 | Improvements Assessment | $391,255 |
| Land Assessment | $119,000 | Total Assessment | $510,255 |
Property Taxes
Parcel Number
402101408004
Land Assessment
$119,000
Improvements Assessment
$391,255
Total Assessment
$510,255
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17178 Toledo Blade Blvd
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