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Miscellaneous

America's Best Contacts & Eyeglasses

2610 SE Federal Hwy, Stuart, FL 34994

Listing Price: $3,395,000

Cap Rate
4.60%
Tenant Name
America's Best
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Modified Gross
Rent Per Square Feet
$39.26

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a single tenant net lease America’s Best Contacts & Eyeglasses. The asset is located at 2610 SE Federal Hwy, Stuart, Florida. The property consist of 4,000 square feet of net leasable area and is situated on .67 acres of land. There are seven years remaining on the lease and two, five year options. Stuart is a city in and the seat of Martin County, Florida. Located on Florida's Treasure Coast, Stuart is the largest of four incorporated municipalities in Martin County. The estimated population is 16,237 according to the most recent United States census estimates. Stuart is the 126th largest city in Florida based on official 2019 estimates from the US Census Bureau. Headquartered in metro Atlanta, America's Best Contacts & Eyeglasses is a discount provider of eye examinations, eyeglasses and contact lenses, with over 800 retail locations in the United States. America's Best is part of National Vision, one of the largest and fastest-growing optical retailers in the United States. From their stores, to their labs, Americas Best invest in technologies to create a high-tech environment for optometrists to deliver top-notch care and their stores to deliver superior products.

Investment Highlights

  • Corporate Guarantee by National Vision Holdings Inc. Owned by KKR & Co.
  • Oversized Parcel- 29,185 Square Feet
  • Attractive 2% Annual Increases
  • Located on SE Federal Hwy– With More than 40,000 Vehicles Per Day
  • Primary Retail Corridor – Surrounded by National Tenants Like Home Depot, Starbucks, Petco, and Walgreens
  • Average Household Income of $87K+ Within Three-Mile Radius

Exclusively Listed By

Miscellaneous

America's Best Contacts & Eyeglasses

Listing Price: $3,395,000

Cap Rate
4.60%
Tenant Name
America's Best
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Modified Gross
Rent Per Square Feet
$39.26

Investment Highlights

  • Corporate Guarantee by National Vision Holdings Inc. Owned by KKR & Co.
  • Oversized Parcel- 29,185 Square Feet
  • Attractive 2% Annual Increases
  • Located on SE Federal Hwy– With More than 40,000 Vehicles Per Day
  • Primary Retail Corridor – Surrounded by National Tenants Like Home Depot, Starbucks, Petco, and Walgreens
  • Average Household Income of $87K+ Within Three-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a single tenant net lease America’s Best Contacts & Eyeglasses. The asset is located at 2610 SE Federal Hwy, Stuart, Florida. The property consist of 4,000 square feet of net leasable area and is situated on .67 acres of land. There are seven years remaining on the lease and two, five year options. Stuart is a city in and the seat of Martin County, Florida. Located on Florida's Treasure Coast, Stuart is the largest of four incorporated municipalities in Martin County. The estimated population is 16,237 according to the most recent United States census estimates. Stuart is the 126th largest city in Florida based on official 2019 estimates from the US Census Bureau. Headquartered in metro Atlanta, America's Best Contacts & Eyeglasses is a discount provider of eye examinations, eyeglasses and contact lenses, with over 800 retail locations in the United States. America's Best is part of National Vision, one of the largest and fastest-growing optical retailers in the United States. From their stores, to their labs, Americas Best invest in technologies to create a high-tech environment for optometrists to deliver top-notch care and their stores to deliver superior products.

Exclusively Listed By

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