Retail + Medical Portfolio
For sale5605 S McCall Rd, Port Charlotte, FL 33981
Property type
Retail, Office
Price
$8,891,000
Year built
2027
APN
412105476002
Zoning code
CG
Number of buildings
2
Property description
5605 S. McCall Road is strategically positioned along S. McCall Road (SR-776), a major east-west commercial corridor serving the growing communities of Port Charlotte and Englewood in Charlotte County. The property benefits from strong visibility and accessibility within an established commercial area, with nearby national retailers, restaurants, grocery stores, and other everyday services supporting consistent traffic and consumer activity. The surrounding area is characterized by a mix of established residential neighborhoods and commercial development, creating a strong customer base for businesses along the corridor. The property is located within the Gardens of Gulf Cove area, a residential community in western Charlotte County, and sits approximately midway between Port Charlotte and Englewood.
Property highlights
- Two-property, single-tenant net lease portfolio totaling ±6,935 SF on ±2.44 combined acres — Chipotle (±2,415 SF) and Heartland Dental (±4,520 SF)
- Both leases structured as absolute NNN — landlord obligations limited to initial construction plus brief post-delivery warranty periods (1-year roof/plumbing/electrical/doors for Chipotle; 1-year HVAC for Heartland Dental)
- Diversified credit: Chipotle Mexican Grill, Inc. corporate guaranty (NYSE: CMG) alongside Heartland Dental, LLC, one of the largest DSOs in the U.S.
- Combined Year 1 in-place rent of $425,000/year (±$61.28 PSF blended) once both leases are rent-commenced, with 10% contractual increases built into both leases
- Long-term term profile: Chipotle offers 35 years of total potential term (15-year primary + four 5-year options); Heartland Dental offers 27 years (12-year initial + three 5-year options)
- 64 total parking spaces across the site (43 restaurant + 21 dental), with a 10-space shared parking easement between the two pads
- Located along S. McCall Road (SR 776), AADT ±29,000, in an established retail node anchored by an adjacent existing McDonald's
- Florida is an income-tax-free state; no sales tax on commercial lease payments