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422 Oriana Rd
Newport News, VA 23608
MyEyeDr | Fresh 5 Yr Lease |8% Cap · Office Property For Sale
Investment Highlights
- Fresh Lease Renewal- MyEyeDr recently signed a fresh 5 year term, showing their commitment to this location and signs of a successful operation.
- National Operator- With over 900 locations across the country, MyEyeDr is one of the largest optometry providers in the country.
- Visible and Accessible- This asset is easily seen from the road and immediately accessible.
- In Demand Asset Class- Optometry is a prime candidate for a blend between medical and retail, also known as ‘medtail.’
- Below Market Rent- At less than $12/SF, this location provides security to an investor, knowing the rental rate could easily be replaced.
- Affluent Market- The ±5-mile radius surrounding this asset has an average household income of over $86,121, creating an increased demand for the area.
Property Facts
Property Type
Office
Property Subtype
Building Size
4,200 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,200 SF
Building FAR
0.28
Lot Size
0.35 AC
Zoning
0
Parking
24 Spaces (5.71 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 108.00-01-17 | Improvements Assessment | $365,400 |
| Land Assessment | $114,300 | Total Assessment | $479,700 |
Property Taxes
Parcel Number
108.00-01-17
Land Assessment
$114,300
Improvements Assessment
$365,400
Total Assessment
$479,700
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