2644 N 8th St - Medical FOR SALE


Sheboygan, WI 53083- End Park
$303,360 USD
818-484-1658
2644 N 8th St, Sheboygan, WI for Sale
$303,360 USD
Medical - FOR SALE
1/3
null | 8.75% Cap Rate

2644 N 8th St
Sheboygan, WI 53083
End Park


HIGHLIGHTS

  • Recession-Resistant Asset Class – Healthcare is widely regarded as recession-resistant due to the essential nature of its services
  • High-Growth, Recession-Resistant Industry – The U.S. eye care market is projected to reach $27.3 billion in 2024
  • Inflation-Protected Lease – The lease includes 3% annual rent increases, offering investors strong cash flow growth, equity appreciation potential
  • Passive NNN Lease – This property features a newly executed three-year NNN lease with minimal landlord responsibilities
  • Brand New Lease – The tenant will sign a new lease, demonstrating a level of commitment to the location and offering added security
  • Affordable Entry-Level Investment – Priced competitively, this property presents an ideal opportunity for first-time investors to enter the market

OVERVIEW

Matthews Real Estate Investment Services™ Healthcare Division proudly presents a unique opportunity for qualified investors: ownership of a medical office building in Sheboygan, Wisconsin. This ±2,212-square-foot building, situated on 0.14 acres, was built in 1978 and will be leased to MyEyeDr., a national operator with over ±800 locations across 28 states. The tenant provides comprehensive eye exams, a wide selection of eyewear, and services such as vision insurance assistance and eyewear protection plans. Nestled in a residential neighborhood, the property benefits from strong accessibility and a solid community presence. The average household income within a 5-mile radius is approximately $75,000. This location has been home to MyEyeDr. since acquiring the practice in 2020. This investment opportunity features a brand-new, three-year NNN lease with 3% annual rent increases and two (3-year) renewal options, commencing upon the close of escrow. This offering presents a truly passive, high-yield investment with a tenant demonstrating commitment through the signing of a new lease. Broker of Record Matt Fitzgerald License No. 938105-91 (WI) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$303,360 USD

PRICE/SF

$156 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MyEyeDr. | 8.75% Cap | NNN Lease | 3% Inc.

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

BA4

APN/PARCEL ID

59281707190

ASK ABOUT THIS PROPERTY

Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.