The Offering presents the opportunity to acquire a single-tenant NNN healthcare investment leased to an eye care practice with a 35+ year operating history in the greater Eugene, OR market. Pacific ClearVision Institute will execute a new 10-year NNN lease at closing, featuring 2% annual rent increases and providing contractual income growth throughout the initial term and each of the two five-year renewal options.
The investment provides investors with durable healthcare real estate as the Eye Care industry reached a market value of $69.5B in 2025, up 4.4% from the previous year. According to The Vision Council, approximately 94% of U.S. adults, or 250 million people, regularly use some form of eyewear.
Cottage Grove is a growing submarket of Eugene, with a $14M+ revitalization project recently completed in the downtown core that will benefit the business district in which Pacific ClearVision Institute operates. Cottage Grove boasts an impressive 2.3% vacancy rate for medical office properties, with no new medical office space currently under construction.