Medical Sale-Leaseback
1503 South McCall Road Englewood, FL 34223
1503 South McCall Road, Englewood, FL, 34223
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For Sale
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Three medical properties are leased under new five-year NNN terms with scheduled renewals and annual rent escalations.
Property Size6,137 SF
Price / SF$293.30
Days on Market23
Property Features for 1503 South McCall Road
General Information
- Standard status
- Active
- Size
- 6,137 SF
- Property subtype
- Office
Listing agency
Wisdom Capital Group
Listed by
Brady Wisdom · License #SL3588056
Source
Crexi
Added: Jun 29 Updated: Jul 10 at 2:11PM Checked: Jul 15 at 2:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wisdom Capital Group
Investment Insights
Based on property information with market context.
The HandWorks Sale-Leaseback Portfolio offers a three-property medical investment with brand-new five-year triple net (NNN) leases executed at closing. Each property is leased to an established healthcare practice under a sale-leaseback structure designed to place lease administration responsibility on the tenant, with no landlord responsibilities stated for the new agreements. The leases include two five-year renewal options and provide for 2% annual rent escalations over the initial term and renewal periods.
This portfolio is positioned as a medical real estate holding where the operating practice will continue using the locations following closing, with the tenant planning to remain in place and later pursue a sale of the practice in the future. The offering is for the three medical properties together, listed as a single portfolio.
For net lease buyers and investors seeking contracted healthcare tenancy, the structure provides immediate occupancy under new NNN leases, along with built-in rent growth tied to the lease escalations. With two extended renewal options included, the leases are structured to support long-term occupancy beyond the initial five-year term, subject to renewal decisions under the lease provisions.
This portfolio is positioned as a medical real estate holding where the operating practice will continue using the locations following closing, with the tenant planning to remain in place and later pursue a sale of the practice in the future. The offering is for the three medical properties together, listed as a single portfolio.
For net lease buyers and investors seeking contracted healthcare tenancy, the structure provides immediate occupancy under new NNN leases, along with built-in rent growth tied to the lease escalations. With two extended renewal options included, the leases are structured to support long-term occupancy beyond the initial five-year term, subject to renewal decisions under the lease provisions.
Key Highlights
- Three medical properties leased to an established healthcare practice under new five‑year triple net (NNN) terms
- At closing, tenant will execute new five‑year NNN leases on all three properties
- Includes two five‑year renewal options on the leases
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.8k | $26.04 |
| − Vacancy | −$16.8k | −$2.73 |
| EGI | $143.0k | $23.31 |
| − OpEx | −$57.2k | −$9.32 |
| NOI | $85.8k | $13.98 |
6,137 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.23M
$1.07M – $1.43M
NOI $85,817 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,660 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Three medical properties are leased under new five-year NNN terms with scheduled renewals and annual rent escalations.
Where is this nnn property located?
The property is located at 1503 South McCall Road Englewood, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three medical properties leased to an established healthcare practice under new five‑year triple net (NNN) terms; At closing, tenant will execute new five‑year NNN leases on all three properties; Includes two five‑year renewal options on the leases
