This single-tenant property offers an investment opportunity with a well-established national tenant, MyEyeDr., operating under a NN lease structure. The property is priced at $1,325,000 with a cap rate of 6.84%, generating an annual NOI of $90,651. Situated along US Highway 17 with visibility to over 10,000 vehicles per day, the site benefits from strong traffic exposure and proximity to major retailers including Walmart, Walgreens, Taco Bell, and Murphy USA.
The tenant, MyEyeDr., provides comprehensive eye health services and boasts a strong national presence with over 500 locations in 32 states. The current lease runs through April 30, 2031, featuring 2% annual rental increases. This stability, combined with limited landlord responsibilities, ensures consistent income generation for investors. The 1.19-acre parcel includes a well-maintained 3,748 SF building constructed in 2009, surrounded by ample parking and enhanced landscaping. Positioned less than one mile from Downtown Williamston, the property is supported by surrounding residential communities and a robust retail trade area.