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Single-Tenant Office Medical

Robson Eye Institute

601 S Belcher Rd, Clearwater, FL 33764

Listing Price: $3,099,000

Cap Rate
4.50%
Tenant Name
Robson Eye Institute
Years Remaining On Lease
8.2
Guarantor
Personal Guarantee
Rentable SF
7,092
Lease Type
Double Net
Rent Per Square Feet
$19.67

Investment Overview

Marcus & Millichap is pleased to present Robson Eye Institute, a rare opportunity for an investor to purchase in the highly coveted market of Clearwater, FL. This new 10-year NN lease and has 8.5 years remaining. It is backed by a strong lease guarantee: Robson Eye Institute, LLC with an additional personal guarantee. The subject property is surrounded by a population of 260,000 within and household income of over $70,000 within a 5 mile-radius. The business model for Robson Eye Institute caters perfectly to the surrounding demographic as well. Over 54% of the population within 5 miles is over the age of 45 with the median age at 48.8 years. This ensures future appreciation and stability of the location.

Investment Highlights

  • Strong Lease Guarantee: Robson Eye Institute, LLC with Additional Personal Guarantee
  • New 10-Year Lease with 8.5 Years Remaining on Base Term
  • Essential Business | Pandemic Resistant
  • Minimal Landlord Responsibility Limited Only to Roof and Structure
  • Low Rent Per Square Foot - Very Replaceable Current Rate of $19.10 PSF
  • Business Model Caters Perfectly to Demographic: Over 54% of the population within 5 miles is over the age of 45 with the Median Age at 48.8 Years.

Exclusively Listed By

Single-Tenant Office Medical

Robson Eye Institute

Listing Price: $3,099,000

Cap Rate
4.50%
Tenant Name
Robson Eye Institute
Years Remaining On Lease
8.2
Guarantor
Personal Guarantee
Rentable SF
7,092
Lease Type
Double Net
Rent Per Square Feet
$19.67

Investment Highlights

  • Strong Lease Guarantee: Robson Eye Institute, LLC with Additional Personal Guarantee
  • New 10-Year Lease with 8.5 Years Remaining on Base Term
  • Essential Business | Pandemic Resistant
  • Minimal Landlord Responsibility Limited Only to Roof and Structure
  • Low Rent Per Square Foot - Very Replaceable Current Rate of $19.10 PSF
  • Business Model Caters Perfectly to Demographic: Over 54% of the population within 5 miles is over the age of 45 with the Median Age at 48.8 Years.

Investment Overview

Marcus & Millichap is pleased to present Robson Eye Institute, a rare opportunity for an investor to purchase in the highly coveted market of Clearwater, FL. This new 10-year NN lease and has 8.5 years remaining. It is backed by a strong lease guarantee: Robson Eye Institute, LLC with an additional personal guarantee. The subject property is surrounded by a population of 260,000 within and household income of over $70,000 within a 5 mile-radius. The business model for Robson Eye Institute caters perfectly to the surrounding demographic as well. Over 54% of the population within 5 miles is over the age of 45 with the median age at 48.8 years. This ensures future appreciation and stability of the location.

Exclusively Listed By

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