9816 N Beach St - Medical FOR SALE


Fort Worth, TX 76244- North Fort Worth
$2,164,267 USD
818-484-1658
9816 N Beach St, Fort Worth, TX for Sale
$2,164,267 USD
Medical - FOR SALE
1/3
null | 6.75% Cap Rate

9816 N Beach St
Fort Worth, TX 76244
North Fort Worth


HIGHLIGHTS

  • Passive NNN Lease - This building features an NNN lease
  • Inflation-Protected Cash Flow - The lease features a 2.75% annual rent increase
  • Established National Tenant - MyEyeDr. operates 800+ locations nationwide and is backed by institutional capital
  • Tax-Free/Top Destination State - Texas is one of nine states with no personal income tax
  • Positive Medical Synergy - Property is strategically located within a medical corridor that contains some of the state's biggest healthcare players
  • 3rd Most Populous County - The subject property is in Tarrant County which is the third most populous county in Texas

OVERVIEW

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)

FOR SALE DETAILS

PRICE

$2,164,267 USD

PRICE/SF

$454 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MyEyeDr. | $165K Incomes | 800+ Unit Operator

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,305 SF

ZONING

-

APN/PARCEL ID

42185121

ASK ABOUT THIS PROPERTY

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

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

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