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Single-Tenant Office Medical

My Eye Dr.

2901 S McIntire Dr, Bloomington, IN 47403

Listing Price: $1,600,000

Cap Rate
7.29%
Tenant Name
Capital Vision Services
Years Remaining On Lease
3.8
Gross SF
7,600
Guarantor
Corporate Guarantee
Rentable SF
7,600
Price/Gross SF
$210.53
Lease Type
Double Net
Rent Per Square Feet
$15.79

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 2901 S. McIntire Drive, Bloomington, Indiana. The subject property is a single-tenant medical office building, built in 2009, that consists of 7,600-square feet. The property is fully-leased to My Eye Dr., a comprehensive eye care provider. The ophthalmology group currently has 3.75 years remaining on a double-net lease with the only expenses passed through to the landlord are property insurance and roof and structure. This lease features rare 2.5 percent annual rent increases providing an excellent hedge against inflation. My Eye Dr. is part of Capital Vision Services and operates over 500 practices throughout the Eastern and Central United States. Capital Vision Services is the nation’s largest and most experienced practice management services company with the goal of protecting independent optometry. The purchasing power, industry leverage and administrative expertise of Capital Vision Services directly benefits individual practices. Capital Visions Services was acquired by Goldman Sachs in 2019. Bloomington is located just 55 miles southwest of downtown Indianapolis and is home to the University of Indiana, the largest University in the state. The location of the office benefits from excellent accessibility and visibility being just off Tapp Road 14,250 (VPD) vehicles per day and half a mile from Interstate-69 32,000 (VPD). The property is located in a strong medical corridor with neighboring tenants including; The University of Indiana ENT, IU Hospice House, and Summit Urology.

Investment Highlights

  • 100 Percent Occupied
  • Operated by the Largest Practice Management Company in the Country
  • 2.5 Percent Annual Rent Increases | Below Market Rents

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Office Medical

My Eye Dr.

Listing Price: $1,600,000

Cap Rate
7.29%
Tenant Name
Capital Vision Services
Years Remaining On Lease
3.8
Gross SF
7,600
Guarantor
Corporate Guarantee
Rentable SF
7,600
Price/Gross SF
$210.53
Lease Type
Double Net
Rent Per Square Feet
$15.79

Investment Highlights

  • 100 Percent Occupied
  • Operated by the Largest Practice Management Company in the Country
  • 2.5 Percent Annual Rent Increases | Below Market Rents

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 2901 S. McIntire Drive, Bloomington, Indiana. The subject property is a single-tenant medical office building, built in 2009, that consists of 7,600-square feet. The property is fully-leased to My Eye Dr., a comprehensive eye care provider. The ophthalmology group currently has 3.75 years remaining on a double-net lease with the only expenses passed through to the landlord are property insurance and roof and structure. This lease features rare 2.5 percent annual rent increases providing an excellent hedge against inflation. My Eye Dr. is part of Capital Vision Services and operates over 500 practices throughout the Eastern and Central United States. Capital Vision Services is the nation’s largest and most experienced practice management services company with the goal of protecting independent optometry. The purchasing power, industry leverage and administrative expertise of Capital Vision Services directly benefits individual practices. Capital Visions Services was acquired by Goldman Sachs in 2019. Bloomington is located just 55 miles southwest of downtown Indianapolis and is home to the University of Indiana, the largest University in the state. The location of the office benefits from excellent accessibility and visibility being just off Tapp Road 14,250 (VPD) vehicles per day and half a mile from Interstate-69 32,000 (VPD). The property is located in a strong medical corridor with neighboring tenants including; The University of Indiana ENT, IU Hospice House, and Summit Urology.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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