MyEyeDr Net Investment Property
Office | 8.24% CAP | 2,400 SF
Marketing description
Property Overview
This Net investment property offers a hassle-free opportunity for investors, as the tenant, MyEyeDr, covers $35,000/yr rent, CAM, and real estate taxes. The property is a prime retail space with high visibility, situated in a bustling area that ensures steady customer flow.
Location Benefits
Dundee, MI, is a growing community with a population of approximately 5,400 to 6,000 and a median household income of $73,641. The area’s demographic, with a median age of 37, supports demand for optometry services, and its proximity to major roads like US Route 23 and M-50 enhances accessibility.
Tenant Strength
Their financial stability is supported by private equity backing from multiple firms, including Monitor Clipper Partners, which invested in 2012, followed by Altas Partners and Caisse de dépôt et placement du Québec (CDPQ) in 2015, and later a $2.7 billion deal with a division of Goldman Sachs in 2019, as reported in New York Business Journal. Their recognition in Newsweek’s "America's Best Customer Service 2024" Awards adds to their credibility.
Available as a package with 7470 Secor Rd, Lambertville, MI also leased by MyEyeDr.
Sandra Dibert
Wiens & Roth
419-304-2041
Information deemed reliable but not guaranteed. Buyer to verify and perform their own due diligence.
Investment highlights
Key Points
This Net investment property at 229 Tecumseh St, Dundee, MI, is leased by MyEyeDr for $35,000 annually, with the tenant covering rent, CAM, and real estate taxes.
MyEyeDr operates over 800 locations across 28 states, backed by private equity firms, suggesting strong financial stability.
The property is in Dundee, a growing community with a population of about 5,400 to 6,000 and a median income of $73,641, ideal for optometry services.
Located on Tecumseh St, it’s near national retailers like Tractor Supply and Kroger, enhancing visibility and customer traffic.
Available as a package with 7470 Secor Rd, Lambertville, MI also leased by MyEyeDr.
Sandra Dibert
Wiens & Roth
419-304-2041
Information deemed reliable but not guaranteed. Buyer to verify and perform their own due diligence.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
