2616 BEE RIDGE RD Sarasota, FL 34239

Building Details

Year Built

1962

Listing office Wisdom Capital Group

Listing date Jul 8, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Wisdom Capital Group

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Investment Insights

Based on property information with market context.

The HandWorks Sale-Leaseback Portfolio consists of three medical properties leased to an established healthcare practice under brand-new five-year triple net (NNN) lease agreements. At closing, the tenant will execute the new NNN leases for all three properties, with two additional five-year renewal options and 2% annual rent escalations. The structure is intended to provide investors with passive income and zero landlord responsibilities during the lease term.

The portfolio generates approximately $133,000 in annual net operating income and is offered at $1,800,000, representing a 7.39% capitalization rate. Ownership will consider offers for the portfolio in its entirety or through individual property acquisitions. The tenant has an established operating history and intends to continue operating from these locations while ultimately pursuing a sale of the practice in the future, creating the potential for occupancy to extend beyond the initial five-year lease term. Properties are located at 2616 Bee Ridge Rd, Sarasota, FL.

Key Highlights

• Three medical properties in a sale‑leaseback portfolio with new five‑year triple net (NNN) leases at closing
• Each lease includes two five‑year renewal options
• 2% annual rent escalations built into the leases for contractual income growth

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FAQs

What type of property is this?

Medical center - Portfolio of three medical properties leased under new five-year NNN terms with two renewal options and 2% annual escalations.

Where is this medical center located?

The property is located at 2616 BEE RIDGE RD Sarasota, FL.

What is the asking price?

The asking price for this property is $670,000.

What are key features of this property?

This property features: Three medical properties in a sale‑leaseback portfolio with new five‑year triple net (NNN) leases at closing; Each lease includes two five‑year renewal options; 2% annual rent escalations built into the leases for contractual income growth