This investment opportunity is anchored by a stable lease with meaningful remaining term and 3% annual rental increases throughout the lease, providing built-in income growth. The property operates under an absolute triple net lease structure, with the tenant fully responsible for all property-related expenses while maintaining the ability to reimburse management costs. Originally purpose-built and constructed for Southwest Florida Eye Care, the facility was specifically designed to support the tenant’s operational requirements and specialized medical services.
The asset is positioned within the rapidly expanding eye care industry, a sector projected to reach a U.S. market value of $33.40 billion by 2028. Industry growth is being driven by an aging population, increased digital screen usage, and rising demand for specialized vision and eye health services, supporting long-term tenant demand and sector stability.
Located approximately one mile from Lee Health Gulf Coast Medical Center, the property benefits from proximity to one of Southwest Florida’s premier healthcare destinations. The hospital serves as the largest facility within the Lee Health system and includes a Level II Trauma Center, Neuroscience Institute, orthopedic, oncology, and cardiology services, as well as an accredited Comprehensive Stroke Center offering advanced minimally invasive catheter-based stroke treatments. Since 2017, Gulf Coast Medical Center has completed a major expansion that added three stories and 268 patient beds, including additional ICU capacity and a dedicated inpatient cancer care unit.
The property also benefits from its location within the rapidly growing Fort Myers metropolitan area. Fort Myers has experienced approximately 16.7% population growth since the 2020 Census, with annual growth estimated at roughly 3.06%. Lee County, which comprises the Fort Myers MSA, has ranked among the fastest-growing counties in the nation, fueled by significant inbound migration. Local projections anticipate the city’s population will exceed 115,000 residents by 2030, supporting continued demand for healthcare services, infrastructure investment, and medical real estate.