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MyEyeDr. | $165K Incomes | 800+ Unit Operator 9816 N Beach St 4,766 SF Office Building Fort Worth, TX 76244 $2,164,267 ($454.11/SF) 6.75% Cap Rate
Investment Highlights
- Passive NNN Lease - This building features an NNN lease
- Established National Tenant - MyEyeDr. operates 800+ locations nationwide and is backed by institutional capital
- Positive Medical Synergy - Property is strategically located within a medical corridor that contains some of the state's biggest healthcare players
- Inflation-Protected Cash Flow - The lease features a 2.75% annual rent increase
- Tax-Free/Top Destination State - Texas is one of nine states with no personal income tax
- 3rd Most Populous County - The subject property is in Tarrant County which is the third most populous county in Texas
Executive Summary
Matthews Healthcare Division is pleased to present the opportunity to acquire a freestanding condo leased to MyEyeDr. (MED), located in one of Fort Worth's most affluent and high-growth submarkets.
MyEyeDr. focuses on delivering a personalized eyecare experience through its network of trusted local optometrists. With over 800 locations nationwide and strong institutional backing, MED has grown into one of the largest optometry platforms in the U.S.
The asset features approximately ±2.66 years of remaining lease term on a NNN structure, with attractive 2.75% annual rent increases and a single seven-year renewal option.
Situated in Tarrant County, the third most populous county in Texas, the property benefits from strong surrounding demographics, including nearly 292,000 residents within a five-mile radius. The immediate area is particularly affluent, with average household incomes of approximately $165,000 within one mile. The property is also positioned within a well-established medical corridor, surrounded by a mix of national and regional healthcare providers.
Broker of Record
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
Andrew Fagundo, Michael Moreno, and Rahul Chhajed (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
MyEyeDr. focuses on delivering a personalized eyecare experience through its network of trusted local optometrists. With over 800 locations nationwide and strong institutional backing, MED has grown into one of the largest optometry platforms in the U.S.
The asset features approximately ±2.66 years of remaining lease term on a NNN structure, with attractive 2.75% annual rent increases and a single seven-year renewal option.
Situated in Tarrant County, the third most populous county in Texas, the property benefits from strong surrounding demographics, including nearly 292,000 residents within a five-mile radius. The immediate area is particularly affluent, with average household incomes of approximately $165,000 within one mile. The property is also positioned within a well-established medical corridor, surrounded by a mix of national and regional healthcare providers.
Broker of Record
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
Andrew Fagundo, Michael Moreno, and Rahul Chhajed (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,766 SF
Building Class
B
Year Built
2017
Price
$2,164,267
Price Per SF
$454.11
Cap Rate
6.75%
NOI
$146,088
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,766 SF
Building FAR
0.20
Lot Size
0.54 AC
1 1
Moderately walkable
60/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 42185121 | Improvements Assessment | $1,768,478 |
| Land Assessment | $137,922 | Total Assessment | $1,906,400 |
Property Taxes
Parcel Number
42185121
Land Assessment
$137,922
Improvements Assessment
$1,768,478
Total Assessment
$1,906,400
Contacts
-
Andrew Fagundo -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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MyEyeDr. | $165K Incomes | 800+ Unit Operator | 9816 N Beach St
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