NNN Industrial Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30805494
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 7,720 SF
Gross Building Area: See Agent
Sale Price: $1,570,000
Unit Price: $203.37 PSF
Ceiling: 18 ft. / 14 ft. Clear
Docks/Doors: 3 Doors
Office SF: 2,200 SF
Drive In Bays: 3 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/30/2022

Overview / Comments

- PRIME LOCATION! 7,720 SF industrial general building located in the heart of Charlotte Harbor's industrial and retail zones with 125 ft. of frontage on Harborview Rd.

- Centrally located between Port Charlotte and Punta Gorda with direct access to US 41 (approx. 0.5 miles away) and I-75 (approx. 3 miles away).

- Just 0.5 miles from Sunseeker Resort, a luxurious 785-room waterfront resort that will be Southwest Florida's first completely new-build luxury waterfront resort with 300+ rooms in over 3 years (opening in 2023).

- Building is leased by a publicly-traded (NASDAQ) company, who has a fresh 3-year NNN lease as of April 1, 2022, with 3% annual increases starting January 1, 2023, and 2 options to renew for 3 years each.

- Minimal Landlord responsibilities and Tenant pays/reimburses for all operating expenses.

- Building is situated on 1.15 acres, but only uses approx. 0.5 acres, opening the possibility for the construction of another building to generate additional income.

- Ample parking: 71 total parking spaces (61 inside the gated portion of the property)

- Annual Average Daily Traffic = 9,600

*CONTACT LISTING AGENT FOR PASSWORD TO VIEW OFFERING MEMORANDUM AND FINANCIALS*

Attachments & Media

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402225251009
Zoning: IG
Property Located Between: US-41 and I-75
Highway Access: I-75 can be accessed via Harborview Rd. approximately 3 miles to the east. US-41 intersects Harborview Rd. approximately 0.5 miles to the west.
Airports: Punta Gorda Airport - Approx. 6.5 miles
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1977
Year Renovated: 1990
Construction/Siding: Steel Frame
Parking Description: 71 total spots (61 inside fence)
Total Parking Spaces: 71
Zoning Description: The purpose and intent of this district is to allow various light industrial and higher-intensity commercial uses. All industrial processes shall take place within completely enclosed buildings unless approved by a special exception. Storage of materials and finished products may be permitted within an enclosed yard with appropriate screens and buffering.
In Flood Plain?: Yes
Lot Frontage: 125
Lot Depth: 400
Legal Description: 25 40 22 P-1-2 1.14 AC. M/L BEG AT INTX OF W LN NE1/4 & N ROW HARBORVIEW RD TH N 400 FT E 125 FT S 400 FT TO N ROW HARBORVIEW RD TH W 125 FT TO POB 541/178 658/163 00T1670/1485 1782/863 E1958/1286 2864/1304 3286/220 4178/1743

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,461 41,814 85,392
Median Age: 57.26 51.89 53.16
Households: 2,131 19,267 39,118
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