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Views: 11 DOM: 10 Updated: 09.09.24 Posted: 09.09.24 Status: Active

Summary

Price $1,255,384
Built/Renov 1998/2023
Tenant MyEyeDr.
Cap Rate 6.50%
Lease Type NN+
Guarantor Corporate
Size/SF 3,100
Lease Start 01-01-2015
#Units 850
Price/SF $404.96
Expiration 01-31-2035
Tenant Type Medical/Health
NOI $81,600
R. Term 10.4
Ownership Fee Simple
Rent/SF $26.32
Increases 0.0%/1/yrs
Pop 5Mi 492,629
Lot/AC 0.23
Options 0/0yrs
AHHI 5Mi $162,633

Lease Highlights

  • MyEyeDr. has been operating in this location for over 35 years
  • The tenant has 10+ years remaining on the current lease term with no options to extend
  • The lease features $6,450 rental increases every 5 years throughout the initial term
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

MyEyeDr is strategically located at the hard corner intersection of Main Street and Rosedale Street, with access to a combined daily traffic count of 28,238 vehicles. The property benefits from a direct exit off Interstate 69, which sees 98,000 VPD. It is situated within 5 miles of several major economic hubs, including Rice University, the University of Houston, The Galleria Mall, NRG...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

MyEyeDr. is a leading vision healthcare organization that provides a full scope of optometry and personalized optical services, through their independently owned and operated optometry offices...


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Listing Broker

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