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- LoopNet Team
417 Commercial Ct
Venice, FL 34292
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Advocate MD- Strong Corporate Medical Tenant
- Zoning: CHI - COMMERCIAL , HIGHWAY INTERCHANGE
- Layout- Lobby, Large Reception, Break Room, 7 exam rooms, Procedure room, 2 Shared offices, lab station, storage, and 3 Restrooms.
- 6 Years left on lease at $24/sf NNN with 3% annual increases
- Located in a popular Lakeview Office Park, Complete renovation in 2021
- 7.19% CAP Rate
EXECUTIVE SUMMARY
Tenant: AdvocateMD, a medical practice majority owned by a Fortune 500 company, offering full spectrum primary care services in the Venice/Sarasota market. There is an impressive 7-year lease with a 3% escalator. AdvocateMD’s commitment to delivering top-notch medical services has made them a trusted name in the industry, ensuring a stable and reliable income stream for potential investors. Property Details: Size: 3,201 square feet - fully remodeled in 2021, including a new roof, this spacious and versatile space is perfectly suited for a medical practice, offering ample room for patient care and staff operations. Leasing Terms Lease Rate: $24/sf NNN (Triple Net) - Offering a competitive lease rate to maximize potential returns for investors. Annual Escalator: 3% - Ensuring consistent growth and protection against inflation. Zoning: CHI - Commercial, Highway Interchange The property is zoned CHI, providing a strategic location for various businesses and allowing for a diverse range of possibilities. This prime highway interchange location ensures maximum visibility and accessibility for both tenants and their clients. Why Invest Here? Stable and Reliable Tenant: AdvocateMD's Fortune 500 owner, and their long-standing presence and stellar reputation in the medical field ensure a consistent stream of revenue. Favorable Lease Terms: The $24/sf NNN lease rate with a 3% annual escalator provides an attractive return on investment. Prime Location: Strategically located in an aggressively growing and high-traffic area with easy access to major highways, a new hospital, numerous communities recently completed or under construction, and a steady and growing flow of potential customers. Don't miss out on this exceptional commercial real estate opportunity! Secure your future with a strong and reputable corporate tenant in a prime location. Contact us today to arrange a viewing and take the first step towards a sound investment in the thriving world of commercial real estate.
PROPERTY FACTS
AMENITIES
- Bus Line
- Waterfront
