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Single-Tenant Office

Tescher Eye Center

1825 NE 164th St, North Miami Beach, FL 33162

Listing Price: $1,100,000

Cap Rate
4.47%
Rentable SF
2,600
Lot Size
0.16 acres
Year Built
1959

Investment Overview

Marcus & Millichap is proud to present for sale the Tescher Eye Center, located at 1825 NE 164th St North Miami Beach, FL 33126. This is a single-tenant true net-leased property with all expense reimbursed to landlord. This asset totals 2600 square feet of rentable area situated on a 0.16 parcel with over 50 feet of frontage on NE 164th Street. The subject has approximately 7 parking spaces yielding a parking ratio of 2.7:1000 feet of rentable area. 1825 NE 164th St is zoned MU/TC Fulford Mixed-Use Town Center by the City of North Miami Beach; please see page 15 for a list of permitted uses. Tescher Eye Center is backed by Rosin Optical Co., Inc the parent company for Rosic Eyecare. Rosic Eyecare Founded by Dr. Joseph Rosin in 1930, Rosin Eyecare has served the Chicago area for nearly 90 years. Now managed by the family’s third generation, Rosin Eyecare has grown to over 50 of?ce and retail locations as well as a full-service optical laboratory. Through a talented team of opticians, optometrists, and ophthalmologists, Rosin Eyecare is a leading provider of comprehensive vision care services including routine examinations, management of medical and surgical eye disease, and LASIK surgery. Rosin provides eye care solutions in a personalized, friendly, and engaging environment. Tescher Eye Center is a stabilized investment providing a consistent cash ?ow for years to come.

Investment Highlights

  • Absolute NNN Lease with Corporate Guarantee
  • No Landlord Responsibilities
  • Strong Demographics

Exclusively Listed By

Single-Tenant Office

Tescher Eye Center

Listing Price: $1,100,000

Cap Rate
4.47%
Rentable SF
2,600
Lot Size
0.16 acres
Year Built
1959

Investment Highlights

  • Absolute NNN Lease with Corporate Guarantee
  • No Landlord Responsibilities
  • Strong Demographics

Investment Overview

Marcus & Millichap is proud to present for sale the Tescher Eye Center, located at 1825 NE 164th St North Miami Beach, FL 33126. This is a single-tenant true net-leased property with all expense reimbursed to landlord. This asset totals 2600 square feet of rentable area situated on a 0.16 parcel with over 50 feet of frontage on NE 164th Street. The subject has approximately 7 parking spaces yielding a parking ratio of 2.7:1000 feet of rentable area. 1825 NE 164th St is zoned MU/TC Fulford Mixed-Use Town Center by the City of North Miami Beach; please see page 15 for a list of permitted uses. Tescher Eye Center is backed by Rosin Optical Co., Inc the parent company for Rosic Eyecare. Rosic Eyecare Founded by Dr. Joseph Rosin in 1930, Rosin Eyecare has served the Chicago area for nearly 90 years. Now managed by the family’s third generation, Rosin Eyecare has grown to over 50 of?ce and retail locations as well as a full-service optical laboratory. Through a talented team of opticians, optometrists, and ophthalmologists, Rosin Eyecare is a leading provider of comprehensive vision care services including routine examinations, management of medical and surgical eye disease, and LASIK surgery. Rosin provides eye care solutions in a personalized, friendly, and engaging environment. Tescher Eye Center is a stabilized investment providing a consistent cash ?ow for years to come.

Exclusively Listed By

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