Listed by Summit Real Estate
$865,000
AEG Vision
Details
Property Type Office
Sub Type Medical Office
Square Footage 2,700
Cap Rate 6.94%
NOI $60,001
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 02/28/2029
Remaining Term 3
Rent Bumps Yes
Lease Options 2 x 3 Years
Year Built 1986
Buildings 1
Acreage 0.360
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2004
2,700 SF | 3% Annual Increases | Corporately Guaranteed Lease
Investment highlights
- 5-year Lease with Tenant (AEG Vision) with 3.5+ Years Remaining
- 3% Annual Increases | 2x3 Year Options Remaining
- Corporately Guaranteed Lease | Strong Credit Tenant
- Tenant’s Holding Company has Over 400+ Optometry Locations Nationwide | Surpassed 600+ OD Doctors in AEG Network in 2023 (Click here for More Information)
- Backed by Riata Capital Group – Dallas Based Private Equity Firm | $2B of Capital Invested & $7B in Transaction Value
- Smaller Unit Tenant | Easier to Replace (2,700 Square Feet Single Tenant)
- Household Income is $102,840 in 5-Mile Radius | Significantly Above National Average
- Located Off Market Street And SW Wilshire Blvd Which Sees Over 42,000 VPD
Listing Contacts
Listed by Summit Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,001.00
$5,000.08/mo
Valuation Metrics
0
DSCR
6.94%
Cap Rate
6.94%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage
Brokerage Phone
Is there information that looks off?
