OVERVIEW

For more than 25 years, Texan Eye has provided cataract surgery, LASIK, and ophthalmology services for residents of Central Texas. In fact, more Central Texans choose Texan Eye for their vision needs than any other practice in the region.

Their experienced providers have made Texan Eye the vision treatment and correction practice of choice in Austin as well as Cedar Park. Among a variety of surgical treatments for cataracts, glaucoma, and other vision problems, they also have the most experienced LASIK surgeons in Central Texas. Their LASIK eye surgeons utilize the most sophisticated refractive surgery techniques available.

Texan Eye currently has 25 ophthalmologists and optometrists serving Central Austin. Several of our eye surgeons are recognized nationally and internationally as leaders in the field of cataract and refractive surgery, and all of our doctors have received advanced training.

Texan Eye offers a full profile of eye services at our Austin and Cedar Park offices.

FEATURES

  • Stable Cash Flow
  • Long-Term NNN Lease
  • Numerous Nearby Amenities
  • Near High-Income Neighborhoods
  • Situated Along FM 1431 Corridor

PROPERTY

Property Type

Office

RBA (sf)

19304

Floors

2

Year Built

1983

Renovated

2007

Tenancy

Single

Construction

Masonry

Parking Type

Surface

Parking Spaces

97

Parking Ratio

5

Land Area (ac)

1.83

Zoning

GR-CO

ABN / Parcel ID

01310108030000

DETAILS

Asterra Properties is pleased to present this 19,304 SF, 100% leased Class A medical office building in the heart of central Austin. The property is occupied by Texan Eye (the preferred Opthamology provider in central Texas) and has 7 years remaining on a 10 year absolute NNN lease with 2 (five year) renewal options. The tenant is responsible for the payment of taxes, insurance, utilities, repairs, maintenance, including the roof, parking, and structure, leaving minimal landlord responsibilities.

This is a rare opportunity to own a long term NNN investment in one of the fastest growing areas in the United States and offers phenomenal visibility along Mopac which is one of Austin’s most traveled corridors. Surrounded by high income neighborhoods, this property is located 11 minutes from Downtown and 10 minutes to The Domain (Austin’s second downtown).

Sale Type

Investment

Price

Contact For Pricing

Cap Rate

5.5

AGENTS

Reid Gilbreath

Senior Associate
Email: [email protected]
Direct: 832.797.8061

Lucian Morehead

Principal
Email: [email protected]
Direct: 512.825.6287

DOCUMENTS

PHOTOS