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1007 W Vernon Ave, Kinston, NC, 28501

MyEyeDr

$1,500,000

Key Information

Cap Rate
7.76%
Tot. SF
6,968
Lot Size
1.22 Acres
Year Built
1989
Term Remaining
± 2.03 Years
Type
Healthcare
Occupancy
100%
NOI
$116,334

Highlights

• MyEyeDr. provides comprehensive vision care services, including routine eye exams, treatment of complex eye conditions, and prescription eyewear and contact lenses. The practice welcomes a broad range of insurance plans, supporting convenient access to vision care for the local community.
• MyEyeDr. operates 1,000+ locations nationwide and is backed by institutional capital, making it one of the largest optometry platforms in the U.S.
• Healthcare real estate remains a highly sought-after investment due to its stability, strong tenant retention, and insulation from economic downturns and e-commerce disruption.
• Strategically positioned along West Vernon Avenue, the property benefits from approximately 18,000 vehicles passing daily, providing strong roadway exposure and visibility for the MyEyeDr. location.
• Situated in Kinston, the property benefits from a regional location along the U.S. 70 corridor, connecting key communities and economic centers throughout eastern North Carolina.
• Kinston serves as a healthcare destination for surrounding communities, with established providers including UNC Health Lenoir and ECU Health contributing to the area’s medical infrastructure.
• Supported by healthcare, advanced manufacturing, agriculture, and aerospace, Kinston offers investors exposure to an established regional economy with multiple employment sectors.
• Goldman Sachs acquired Capital Vision Services, the management services parent of MyEyeDr., in 2019 with the goal of establishing the company as a premier, national, consumer-focused optometry platform. Since the acquisition, the company has benefited from significant investment and continued expansion, strengthening MyEyeDr.’s national footprint through the growth of its locations and strategic partnerships.

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # 362768, C42113 (NC)
Matthews of North Carolina, LLC
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203