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17829 Murdock Cir

5,000 SF 100% Leased Office Building Port Charlotte, FL 33948 $1,655,172 ($331/SF) 7.25% Cap Rate

Investment Highlights

  • BRAND NEW 10 YEAR LEASE | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • EXCELLENT VISIBILITY | LOCATED OFF MURDOCK CIRCLE | LOCATED ALONG MAJOR THOROUGHFARE
  • LIMITED LANDLORD RESPONSIBILITIES | MANAGEMENT-FREE

Executive Summary

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, investment property located in Port Charlotte, Florida. The Tenant, Veterinary Emergency Clinic, just executed a brand-new 10 year lease with 2 5-Year options to extend. The lease features annual rental increases of 3%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. United Veterinary Care was founded in 2019 with a mission to take care of the people who take care of animals and now have 103 locations in 22 states.
Veterinary Emergency Clinic is strategically located on Murdock Circle. The site benefits from superior visibility via significant street frontage. It shares this busy Port Charlotte area with businesses like Aldi, JCPenny, Old Navy, Sephora, and Sam’s Club. The location benefits from the frequent street traffic of El JoBean road and Murdock Circle, which see over 32,300 and 8,000 vehicles daily. The 5-mile trade area is supported by a population of 96,162 and 31,303 daytime employees with an average household income of $67,503.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
5,000 SF
Building Class
B
Year Built
2005
Price
$1,655,172
Price Per SF
$331
Cap Rate
7.25%
NOI
$120,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.33
Lot Size
0.35 AC
Zoning
CG, Port Charlotte
Parking
12 Spaces (2.4 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Courtyard
  • Signage
  • Kitchen
  • Reception
  • Central Heating
  • Drop Ceiling
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
402207701001
Land Assessment
$232,591
Improvements Assessment
$404,909
Total Assessment
$637,500
  • Listing ID: 30616998

  • Date on Market: 1/9/2024

  • Last Updated:

  • Address: 17829 Murdock Cir, Port Charlotte, FL 33948

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