17829 Murdock CirPort Charlotte, FL 33948

Property Details for 17829 Murdock Cir

Year built

2005

Lot size

0.35 AC

Property size (Sq ft)

5,000 SF

Property type

Retail properties

Property subtype

Medical space

Description

Exceptional investment opportunity: a 5,000 square foot veterinary emergency clinic in Port Charlotte, Florida, currently operating under a 10-year NNN lease (expiring November 30, 2033) with two 5-year renewal options. The property, built in 2005, sits on a 0.35-acre lot with 16 parking spaces and boasts a 7.25% cap rate and a $120,000 annual net operating income (NOI). The asking price is $1,655,172 ($331.03/sq ft). The lease includes a 3% annual rent increase, minimizing landlord responsibilities and maximizing passive income potential. Located at 17829 Murdock Cir, Port Charlotte, FL 33948, this freestanding building enjoys high visibility on a busy thoroughfare, sharing the area with national retailers like Aldi, JCPenny, Old Navy, Sephora, and Sam's Club. The property benefits from significant daily traffic on Murdock Circle and El JoBean Road (over 32,300 and 8,000 vehicles respectively). The 5-mile trade area encompasses a population of 96,162 residents and 31,303 daytime employees, with an average household income of $67,503. The tenant, a well-established veterinary practice, has demonstrated strong performance and commitment to the location. This NNN lease structure, with limited landlord responsibilities (roof, structure, and HVAC), makes this an ideal low-management investment. The property's APN is 40-22-07-701-001.

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

27.0076

Longitude

-82.1514

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