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744 The Rialto
Venice, FL 34285
Office Property For Sale
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
Venice is one of Southwest Florida's fastest-growing coastal communities, supported by strong population growth and affluent demographics.
The city is anchored by Sarasota Memorial Hospital Venice and a growing concentration of medical providers serving the region.
Continued residential development and increasing healthcare demand position Venice as a highly desirable long-term market for medical real estate investment. LO C AT I O N
Properties
The city is anchored by Sarasota Memorial Hospital Venice and a growing concentration of medical providers serving the region.
Continued residential development and increasing healthcare demand position Venice as a highly desirable long-term market for medical real estate investment. LO C AT I O N
Properties
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Medical
Building Size
3,190 SF
Building Class
B
Year Built
1957
Price
$565,000
Price Per SF
$177.12
Cap Rate
7.40%
NOI
$41,783
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,190 SF
Building FAR
0.25
Lot Size
0.29 AC
Zoning
OPI - Commercial
Parking
15 Spaces (4.7 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Property Taxes
| Parcel Number | 0429-14-0021 | Improvements Assessment | $233,100 |
| Land Assessment | $258,100 | Total Assessment | $491,200 |
Property Taxes
Parcel Number
0429-14-0021
Land Assessment
$258,100
Improvements Assessment
$233,100
Total Assessment
$491,200
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