Medical Sale-Leaseback
2616 BEE RIDGE RD Sarasota, FL 34239
2616 BEE RIDGE RD, Sarasota, FL, 34239
Contact for pricing
For Sale
Contact for pricing
Portfolio of three medical properties leased under new five-year NNN terms with two renewal options and 2% annual escalations.
Property Size1,783 SF
Price / SF$375.77
Days on Market9
Property Features for 2616 BEE RIDGE RD
General Information
- Standard status
- Active
- Size
- 1,783 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1962
Listing Agency
Wisdom Capital Group
Listed by
Brady Wisdom · License #SL3588056
Source
Crexi
Added: Jul 8 Checked: Jul 16 at 3:32 am
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 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.
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
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 | $48.1k | $27.00 |
| − Vacancy | −$2.3k | −$1.27 |
| EGI | $45.9k | $25.73 |
| − OpEx | −$18.4k | −$10.29 |
| NOI | $27.5k | $15.44 |
1,783 SF · lease $27.00/SF/yr · vacancy 4.70% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$393.2K
$344.1K – $458.8K
NOI $27,527 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.3K
$458.8K – $611.7K
NOI $36,703 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hand Works Physical ...
Physician
SRQ Diet Center ...
Fitness Center
Similar For Sale Nearby
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
