744 THE RIALTO VENICE FL 34285-3524
744 The Rialto
Marketing description
Ownership will consider offers for the portfolio in its entirety or individual property acquisitions.
The HandWorks Sale-Leaseback Portfolio presents the opportunity to acquire three medical properties leased to an established healthcare practice under a brand new
sale-leaseback structure. At closing, the tenant will execute new five-year triple net (NNN) leases on all three properties, providing investors with immediate, passive cash flow and zero landlord responsibilities.
The leases include two five-year renewal options and 2% annual rent escalations, creating consistent income growth over time. The portfolio generates approximately $133,000 in annual net operating income and is being offered at $1,800,000representing a 7.39% capitalization rate.
HandWorks has an established operating history and intends to continue operating from these locations while ultimately pursuing a sale of the practice in the future. Given the costs associated with relocating medical practices and the potential transition to a new operator, the portfolio offers investors the opportunity for tenancy that could extend well beyond the initial five-year lease term. This combination of stable cash flow, contractual rent growth, and long-term occupancy potential makes the portfolio an attractive investment for net lease buyers seeking dependable income and future upside.
Investment highlights
Venice is one of Southwest Florida's fastest-growing coastal communities, supported by strong population growth and affluent demographics.
The city is anchored by Sarasota Memorial Hospital Venice and a growing concentration of medical providers serving the region.
Continued residential development and increasing healthcare demand position Venice as a highly desirable long-term market for medical real estate investment.
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