MyEyeDr-Mena
National Operator | 8.00% CAP
Marketing description
Offered at NEW PRICE: Excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sachs, MyEyeDr. has grown to become one of the largest operators of eye care services nationwide. Healthcare real estate offers the opportunity for stable returns and growth. This property provides both: the tenant just renewed its lease for another 7-year term, and the lease includes an option to renew with a rental increase upon renewal. Landlord responsibility is limited to property insurance, structural and exterior repairs. The property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing economic momentum, evidenced by recent and planned government and corporate investments.
Investment highlights
Lease Renewal: MyEyeDr has renewed its lease for another 7-year term, starting April 1, 2026. Its renewal signals successful operations in the area and shows a commitment to continued practice in the location. The lease includes an option to renew and rent escalation upon the next renewal.
Established Practice: The tenant’s predecessor has served the Mena community, Polk County and surrounding areas from the building location and a location one block away since 1984. In 2016, the building underwent significant capital improvements, including a total renovation and expansion, to meet increased patient demand.
High-Growth Market: The global optometry market is anticipated to grow from $74.3B in 2026 to $100.12B by 2035 (CAGR of 3.3%), driven by an increased demand from a rise in vision disorders, an aging population and growing awareness of preventative eye care. *Source: Business Research Insights
Financially Strong Tenant: Goldman Sachs acquired Capital Vision Services, MyEyeDr.’s management services parent, in 2019 with a focus on scaling the company into a premier, national, consumer-focused optometry brand. The investment has fueled rapid expansion of MyEyeDr locations and partnerships.
National Operator: As of 2026, MyEyeDr has partnered with over 900 optometry practices in more than 30 states. The company’s more than 1,500 optometrists serve over 4 million patients annually. It is one of the top U.S. optometry providers in the country with annual estimated revenues of over $1.4B. *Source: Statista.
Low Competition and High Demand: There are few competing eye care providers in the area, and over 20% of Mena's population is 65 years or older, ensuring a strong and stable demand for the tenant's services.
Strong Commercial Location: The property is located within and near a high-concentration of other businesses, including Walmart, Walgreens, KFC, AutoZone and Atwoods.
Close Proximity to Hospital and Schools: The Mena Regional Health System and Mena Public Schools (3rd and 5th largest employers in the area) are less than one mile from the property.
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