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12318 St Andrews Dr, Oklahoma City, OK, 73120

Retinal Associates Of Oklahoma
$1,428,571

Key Information

Cap Rate
8.75%
$ per SF
$240
Tot. SF
5,939
Year Built
1997
Term Remaining
±2.26 YRS
Type
Healthcare
Occupancy
100%
NOI
$124,999

Highlights

  • Eyecare Partners (700+ Locations) | Corporate Lease | Successful Operating History – Eyecare partners is one of the largest ophthalmologic and optometric organizations in the US. With more than 700+ locations in across 18 states (30 markets), Eyecare Partners has a rich history of developing and growing affiliated practices by providing tools and technology that allow their doctors to focus entirely on patient care.
  • The partnership is a testament to the success of this location and the tenant’s commitment to the site going forward. Eyecare Partners’ mission is to reinvest eyecare with their doctor-led and partnership focused approach to care. They work to maintain the character of each individual practice while also providing top notch resources to improve the patient experience and support practice growth.
  • NNN Lease Structure | Minimal Landlord Responsibilities – The NNN lease structure offers a passive investment opportunity for both local and national investors. The tenant, Eyecare Partners, executed a fresh 5-year NNN lease when acquiring the practice in 2022. This establishes the tenant’s continued success and commitment to the location going forward.
  • 5-Year NNN Lease | 8.75% Current Cap – The tenant, Eyecare Partners, executed a fresh 5-year NNN lease when acquiring the practice in 2022. This establishes the tenant’s continued success and commitment to the location going forward. Including the tenant’s option periods, an investor can acquire the asset at a highly desirable yield, averaging 9.79% over the life of the lease term.

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Broker of Record

Kyle Matthews

License # 180759 (OK)
Matthews Real Estate Investment Services, Inc.
1600 West End, Ste. 1500 Nashville, TN 37203