Single-Tenant Medical
251-16101 N Cleveland Ave North Fort Myers, FL 33903
For Sale
$1,175,000
±5,741 SF medical building fully leased under a NNN agreement through November 30, 2030.
Property Size5,741 SF
Price / SF$204.67
Days on Market72
Property Features for 251-16101 N Cleveland Ave
General Information
Standard status
Active
Size
5,741 SF
Listing Agency:
Premier Commercial Inc
(239) 992-1200
Listed By:
Matthew Stepan PA · License #3082516
Source:
Exprealty
Added: May 19
Changed: Jul 28
Last Checked: Jul 29 at 5:13PM
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 Premier Commercial Inc
Investment Insights
Based on property information with market context.
This single-tenant medical building totals ±5,741 SF and is 100% leased to DaVita Dialysis (NYSE: DVA). The property is covered by a Triple Net (NNN) lease scheduled through November 30, 2030. Tenant responsibilities include 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.
The building is located along North Cleveland Avenue / US-41 in North Fort Myers, Florida, with approximately 27,000 vehicles per day based on provided traffic counts.
The offering is centered on a stabilized, long-term healthcare tenant occupying a mission-critical kidney care facility under an NNN structure with specified maintenance and expense responsibilities.
The building is located along North Cleveland Avenue / US-41 in North Fort Myers, Florida, with approximately 27,000 vehicles per day based on provided traffic counts.
The offering is centered on a stabilized, long-term healthcare tenant occupying a mission-critical kidney care facility under an NNN structure with specified maintenance and expense responsibilities.
Key Highlights
- ±5,741 SF single‑tenant medical building fully leased to DaVita Dialysis (NYSE: DVA).
- Triple Net (NNN) lease in place through November 30, 2030.
- Tenant responsibilities include interior maintenance, HVAC, utilities, and non‑structural elements; landlord covers building shell and structural components.
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 | $130.9k | $22.80 |
| − Vacancy | −$11.1k | −$1.94 |
| EGI | $119.8k | $20.86 |
| − OpEx | −$47.9k | −$8.34 |
| NOI | $71.9k | $12.52 |
5,741 SF · lease $22.80/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$898.3K – $1.20M
NOI $71,861 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,486 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical center - ±5,741 SF medical building fully leased under a NNN agreement through November 30, 2030.
Where is this medical center located?
The property is located at 251-16101 N Cleveland Ave North Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: ±5,741 SF single‑tenant medical building fully leased to DaVita Dialysis (NYSE: DVA).; Triple Net (NNN) lease in place through November 30, 2030.; Tenant responsibilities include interior maintenance, HVAC, utilities, and non‑structural elements; landlord covers building shell and structural components.
