Net Lease Medical
For Sale
Contact for pricing
504 N Macarthur Ave, Panama City, FL 32401
Net lease medical center providing dialysis services with two healthcare occupants on a hospital campus.
Property Size14,511 SF
Days on Market144
Property Features for 504 N Macarthur Ave
General Information
Standard status
Active
Size
14,511 SF
Property subtype
Retail, Office
Building Details
Buildings
1
Building Size
14,511 SF
Tenancy
Multi
Listing Agency:
Colliers - San Diego - Carlsbad, California
Listed By:
Jay Patel · License #01512624
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:33AM
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 Colliers - San Diego - Carlsbad, California
Investment Insights
Based on property information with market context.
This net lease medical center in Panama City, Florida, contains 14,511 square feet and operates as a kidney dialysis facility with 28 patient stations. The property is occupied by DaVita Kidney Care and Nephrology Associates, PA, with Nephrology Associates serving as the clinic’s Medical Director.
The building is situated on the campus of the 323-bed Bay Medical Sacred Heart Hospital. DaVita’s lease runs through May 2028 and includes a corporate guarantee from DaVita Inc., along with 2.50% annual rent increases during the primary term and option periods. Nephrology Associates’ term extends through May 2027. More than 87,700 residents live within a 5-mile radius of the facility.
The building is situated on the campus of the 323-bed Bay Medical Sacred Heart Hospital. DaVita’s lease runs through May 2028 and includes a corporate guarantee from DaVita Inc., along with 2.50% annual rent increases during the primary term and option periods. Nephrology Associates’ term extends through May 2027. More than 87,700 residents live within a 5-mile radius of the facility.
Key Highlights
- 14,511‑square‑foot medical office building with 28 patient stations
- DaVita Kidney Care and Nephrology Associates, PA occupy the facility
- DaVita lease extends through May 2028 with a corporate guarantee from DaVita Inc.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical center - Net lease medical center providing dialysis services with two healthcare occupants on a hospital campus.
Where is this medical center located?
The property is located at 504 N Macarthur Ave Panama City, FL.
What are key features of this property?
This property features: 14,511‑square‑foot medical office building with 28 patient stations; DaVita Kidney Care and Nephrology Associates, PA occupy the facility; DaVita lease extends through May 2028 with a corporate guarantee from DaVita Inc.
