Matthews Logo

Navigation Menu

9816 N Beach Street, Fort Worth, TX, 76244

MyEyeDr.
$2,164,267

Key Information

Cap Rate
6.75%
$ per SF
$454
Tot. SF
4,766
Year Built
2017
Type
Healthcare
Occupancy
100%

Highlights

  • Passive NNN Lease: This building features an NNN lease with all expenses/responsibilities being taken care of by the tenant through CAM, providing a passive investment vehicle for both local and out-of-state investors.
  • Inflation-Protected Cash Flow: The lease features a 2.75% annual rent increase, offering investors built-in income growth and a great hedge against inflation.
  • Established National Tenant: MyEyeDr. operates 800+ locations nationwide and is backed by institutional capital, making it one of the largest optometry platforms in the U.S.
  • Tax-Free/Top Destination State: Texas is one of nine states with no personal income tax, offering potential tax advantages for investors. According to U.S. Census data, Texas led the nation in net domestic migration in 2024.
  • Positive Medical Synergy: Property is strategically located within a medical corridor that contains some of the state’s biggest healthcare players such as Cook Children’s and Texas Health Resources alongside many private physicians.
  • 3rd Most Populous County: The subject property is in Tarrant County which is the third most populous county in Texas and has a 5-mile radius of nearly 292,000 residents. The deal also resides in an affluent part of the city with a 1-mile radius of around $165,000.
  • Recession-Resistant Asset Class: The non-discretionary nature of medical care and its resilience during economic uncertainty have made healthcare real estate a strategic focus for both institutional and private investors nationwide.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204