2616 BEE RIDGE RD SARASOTA FL 34239-6415
About This Property
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 $1,800,000 representing 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
Bee Ridge Road is one of Sarasota's primary commercial corridors, offering excellent access between Interstate 75, downtown Sarasota, and surrounding residential communities.
Sarasota continues to experience strong population growth and is home to an affluent, aging demographic that drives consistent demand for outpatient healthcare services.
The market is anchored by Sarasota Memorial Hospital and a robust healthcare network, making it one of Florida's premier medical real estate markets.
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