Listed by Lee & Associates - Raleigh Durham
$1,325,000
MyEyeDr
Details
APN 0505804
Property Type Retail
Sub Type Storefront
Square Footage 3,748
Cap Rate 6.84%
NOI $90,651
Tenancy Single
Brand/Tenant MyEyeDr.
Lease Type NN
Lease Expiration 04/29/2031
Rent Bumps Yes
Lease Options None
Year Built 2009
Acreage 1.190
Investment Type Net Lease
Lease Commencement 09/12/2007
1227 Brentway Avenue, Williamston, NC 27892
Marketing description
This offering presents an opportunity to acquire a single-tenant net lease retail property occupied by MyEyeDr. Optometry of North Carolina, PLLC, with a corporate guaranty from Capital Vision Services, LLC. The 3,748 SF building is situated on 1.19 acres at 1227 Brentway Avenue in Williamston, NC, with lease expiration through April 30, 2031 and 2% annual rent bumps. The property is located along US Highway 17 with 10,000 VPD, in close proximity to national retailers including Walmart, Dollar Tree, Taco Bell, Walgreens, and Hardee's.
Investment highlights
- MyEyeDr. offers comprehensive eye health services and a wide selection of eyewear options
- Founded in 2001
- Over 500 locations in 32 states
- Managed and operated under parent company, Capital Vision Services, LP
- Headquartered in Vienna, VA with Executive Team Operations Center located in Raleigh, NC
- Expansion strategy combines acquisitions of trusted local, independent practices or building high-visible and convenient locations from scratch, aim to open or absorb approximately 50 new locations per year
- Executive Leadership Sue Downes, CEO & Co-Founder Dr. Artis Beatty, Chief Medical Officer
Listing Contacts
Listed by Lee & Associates - Raleigh Durham
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,651.00
$7,554.25/mo
Valuation Metrics
0
DSCR
6.84%
Cap Rate
6.84%
ROI
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