NNN investment opportunity in Sarasota County with 6.25% CAP. Freestanding office condominium building located in Toledo Blade Professional Center, off of Toledo Blade Blvd. Located among other small professional and medical offices. The tenant is Progressus Therapy, LLC.
• 5 Year Lease
• 3% annual base escalation rate
• Tenant has 2 options to renew the lease for 5 years each with 3% annual
increases to base rent
• Pass-Through expenses will be capped at 4% annually
• Year 1 gross income $108,000
• Year 1 pass-through expenses $24,000
• Year 1 net operating income $84,000
See brochure for full details
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Listing information last updated on August 5th, 2020 at 9:00pm EDT.