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17178 Toledo Blade Boulevard17178 Toledo Blade Boulevard Listing photo id 0 for 17178 Toledo Blade Boulevard Listing photo id 1 for 17178 Toledo Blade Boulevard Listing photo id 2 for 17178 Toledo Blade Boulevard Listing photo id 3 for 17178 Toledo Blade Boulevard Listing photo id 4 for 17178 Toledo Blade Boulevard
  • MLS#: C7513515 ( Commercial Sale )
  • Street Address: 17178 Toledo Blade Boulevard
  • Viewed: 9
  • Price: $1,600,000
  • Price sqft: $416
  • Waterfront: No
  • Year Built: 2005
  • Bldg sqft: 3846
  • Days On Market: 36
  • Additional Information
  • Geolocation: 27.0218 / -82.1633
  • County: CHARLOTTE
  • City: PORT CHARLOTTE
  • Zipcode: 33954
  • Subdivision: Port Charlotte Sec 016
  • Provided by: COLDWELL BANKER REALTY
  • Contact: Kayla Weiss-Bohnstedt
  • 941-639-0090
  • mfrmls
  • DMCA Notice
  • Description
    Investor alert!! 4.79% 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 $93,942.24 and the current net income is $76,578.41. 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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. 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
Living Area
  1. 3335.00
Area Major
  1. 33954 - Port Charlotte
Net Operating Income
  1. 76578.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 402101408004
Property Type
  1. Commercial Sale
Road Frontage Type
  1. Other
Tax Year
  1. 2024
Township
  1. 40S
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/C7513515
Year Built
  1. 2005
Zoning Code
  1. CG