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33457599
33457597

3881 S NOVA RD, PORT ORANGE, FL 32127-4950

BT
CA CA 01912759
Cushman & Wakefield - San Diego, California
AT
CA 02214440
Cushman & Wakefield - San Diego, California
CM
CA 02236653
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California
$2,009,334
4 days on market
Updated 2 days ago

Fresenius Kidney Care | Daytona Beach MSA

Details
APN 630900060020
Property Type Office
Sub Type Medical Office
Square Footage 5,380
Net Rentable (SqFt) 5,380
Units 12
Cap Rate 6.65%
NOI $133,621
Occupancy 100%
Tenancy Single
Brand/Tenant Fresenius Kidney Care
Lease Type NN
Lease Term 10
Lease Expiration 05/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Three, 5-Year Options
Price per SqFt $373
Class A
Year Built 2021
Stories 1
Acreage 1.010
Tenant Credit Corporate Guarantee
Lease Commencement 05/15/2021

Fresenius Daytona Beach MSA | Near I-95 | Strong Healthcare & Retail Node

Marketing description

PROPERTY & LOCATION HIGHLIGHTS

Prime Position Within Port Orange’s Dominant Retail & Healthcare Corridor

Strategically located along South Nova Road near Dunlawton Avenue and Interstate 95, the property is positioned within one of Port Orange’s most established and rapidly growing commercial corridors. The asset benefits from immediate proximity to The Pavilion at Port Orange, the area’s premier lifestyle and power retail center featuring Target, BJ’s Wholesale Club, Lowe’s, Marshalls, Ulta Beauty, restaurants, and numerous national retailers that collectively drive significant daily consumer traffic throughout the trade area.

Strategic Home Dialysis Training Location

The property serves as a dedicated home dialysis training center for Fresenius Kidney Care, featuring four patient stations, four private training stations in a separate room, a clinic manager office, private nurse office, additional nurse station area, conference room, and staff lounge. The facility supports the continued shift toward home-based kidney care treatment models, providing investors with long-term healthcare relevance driven by growing patient preference, provider efficiency initiatives, and continued adoption of home dialysis therapies.

Strategic Infill Location with Excellent Accessibility

The property benefits from strong visibility and direct frontage along South Nova Road, one of the primary commercial corridors serving South Volusia County. Convenient access to Interstate 95 and Dunlawton Avenue provides exceptional regional connectivity throughout the greater Daytona Beach MSA, supporting efficient patient access and long-term operational stability.

Positioned Near Major Healthcare & Residential Demand Drivers

The asset is located near Halifax Health, AdventHealth, and numerous additional healthcare providers throughout the Port Orange and Daytona Beach markets, reinforcing the corridor’s role as an established medical hub. The surrounding area is further supported by dense residential communities, expanding suburban development, and strong regional employment drivers that collectively support recurring patient demand.

Strong Residential Growth & Favorable Demographics

Port Orange continues to benefit from strong in-migration trends, expanding residential development, and growing demand throughout the Central Florida region. The surrounding trade area features stable household demographics, a growing retiree population, and durable healthcare demand drivers that support long-term outpatient medical utilization.

Long-Term Healthcare Demand Drivers

Dialysis treatment represents a critical, non-discretionary healthcare service requiring recurring patient visits multiple times per week. Supported by long-term demographic trends and necessity-based healthcare demand, the subject property offers investors stable operational fundamentals and durable long-term occupancy characteristics.

Investment highlights

THE OFFERING

Renovation-to-suit completed in 2021, the subject property consists of a 5,381 SF state-of-the-art Fresenius Kidney Care home training clinic situated on a 1.01-acre parcel within Port Orange’s primary healthcare and retail corridor. The facility includes four patient stations, four private treatment stations, clinic manager and nurse offices, conference room, staff lounge, and additional clinical support space. Strategically located along South Nova Road near Dunlawton Avenue and Interstate 95, the property benefits from strong demographics, continued residential growth, and proximity to major healthcare providers throughout South Volusia County.

The property is leased to Bio-Medical Applications of Florida, Inc., with a corporate guaranty from Fresenius Medical Care Holdings, Inc. (NYSE: FMS) — a global dialysis leader with an approximate $13.8 billion market capitalization. The lease extends through May 2031, providing approximately five years of remaining term backed by an institutional-grade healthcare operator.

LEASE / TENANT HIGHLIGHTS

Corporate-Backed Long-Term Lease | ~$21 Billion Revenue Healthcare Leader (NYSE: FMS)

The property is corporately guaranteed by Fresenius Medical Care Holdings, Inc., a global leader in dialysis care and outpatient healthcare services. Investors benefit from stable, recurring healthcare-driven demand supported by an internationally recognized healthcare platform.

Passive NN Lease Structure

The lease features minimal landlord responsibilities primarily restricted to roof, structure, and parking lot replacement. All parking lot maintenance and repairs, excluding replacement, are reimbursed by the tenant, creating a passive and management-light ownership opportunity.

Attractive 1.7% Annual Rent Increases

The lease features built-in annual rent escalations of approximately 1.7% throughout the base term, providing consistent income growth and long-term inflation protection.

Investment Grade Rating: BBB- by S&P Global | Global Healthare Leader

Fresenius Medical Care is the world’s leading provider of dialysis products and services, operating thousands of treatment centers globally and serving hundreds of thousands of patients annually. The company generates approximately $21 billion in annual revenue and benefits from a highly recurring, necessity-based healthcare business model.

Essential & Recession-Resistant Medical Use

Dialysis treatment is a critical, non-discretionary healthcare service requiring recurring patient visits multiple times per week. The essential nature of kidney care supports long-term operational stability and resilient occupancy performance largely insulated from broader economic cycles.

Listing Contacts

BT
CA CA 01912759
Cushman & Wakefield - San Diego, California
AT
CA 02214440
Cushman & Wakefield - San Diego, California
CM
CA 02236653
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California

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