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DaVita Dialysis 16101 N Cleveland Ave 5,741 SF Office Building North Fort Myers, FL 33903 $1,175,000 ($204.67/SF)
Investment Highlights
- Single-Tenant NNN Investment
- High-Visibility Location on US-41
- Long Term through November 2030
- Strong demographics in a growing healthcare market
Executive Summary
Premier Commercial is pleased to present the exclusive opportunity to acquire 16101 N. Cleveland Avenue, a ±5,741 SF single-tenant medical building 100% leased to DaVita Dialysis (NYSE: DVA), one of the world’s largest and most respected kidney care providers. Strategically positioned along US-41 in North Fort Myers, Florida, the property delivers stabilized, passive income backed by a Fortune 500 healthcare tenant operating in a mission-critical, recession-resistant industry. The property is secured by a Triple Net (NNN) lease running through November 30, 2030, providing long term, stable cashflow. Tenant responsibilities cover interior maintenance, HVAC, utilities, and non-structural elements, while landlord obligations are limited to the building shell and structural components. The roof was fully replaced in January 2017, significantly reducing near-term capital exposure and reinforcing the passive nature of ownership. Situated along North Cleveland Avenue / US-41 with traffic counts of approximately 27,000 vehicles per day, the property benefits from premier frontage in one of North Fort Myers’ busiest commercial corridors. The surrounding trade area features a strong mix of retail, service, and residential uses, supported by the greater Fort Myers MSA population of approximately 860,000 residents and continued regional healthcare expansion.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,741 SF
Building Class
C
Year Built
1986
Price
$1,175,000
Price Per SF
$204.67
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,741 SF
Slab To Slab
12’
Building FAR
0.03
Lot Size
4.79 AC
Zoning
C-1
Parking
26 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
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