Beverly Hills, Miami investors buy Port Charlotte properties

A pair of Port Charlotte commercial buildings have sold in deals totaling nearly $9 million.

The properties include a retail building housing an urgent care center and coffee shop and a car wash. Both come with long-term leases.

The newly built retail space housing the two tenants is at 19580 Cochran Blvd.

The Port Charlotte property was bought by a Miami investor for $4 million.

According to Coldwell Banker Realty, which represented the investor and announced the deal, the building is 5,000 square feet and sits on 1.08 acres. American Family Care Urgent Care takes up 3,500 square feet of the space with St. Petersburg-based Kahwa Coffee Roasters taking up the remaining 1,500 square feet.

The leases for both tenants expire in 2034, according to the listing. AFC’s lease has four five-year renewal options and Kahwa has two five-year renewal options.

The retail property is between Veterans Boulevard and Tamiami Trail and at the entrance of a Home Depot and Kohl’s anchored shopping center. A new Zaxby’s restaurant is next door.

Coldwell Banker’s Doris J. Parham says in a statement that her client recently sold some vacant land in Homestead and was looking to buy property with a triple net lease. This one was that and the all cash sale closed in 45 days, she says.

Ronnie Issenberg and Gabriel Britti from Marcus & Millichap represented the seller, an LLC that paid $740,000 for the then-vacant land 2022.

The other property that sold was a Mister Car Wash at 12561 S. McCall Road.

According to Charlotte County property records, it was bought for $4.88 million by an LLC with an address matching the Beverly Hills, California, real estate investment firm RDS Investments.

The previous owner was Mister Car Wash, which is leasing the property back and has a 20-year corporate-backed lease. County records show it paid $1 million for the then-vacant land in 2021.

A profile on the commercial real estate website Loopnet.com says the property, in front of a Home Depot, sits on 1.47 acres and features a 3,589-square-foot building.