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422 Oriana Rd
Newport News, VA 23608
MyEyeDr | Fresh 5 Yr Lease |8% Cap · Office Property For Sale
Investment Highlights
- Fresh Lease Renewal- MyEyeDr recently signed a fresh 5 year term, showing their commitment to this location and signs of a successful operation.
- National Operator- With over 900 locations across the country, MyEyeDr is one of the largest optometry providers in the country.
- Visible and Accessible- This asset is easily seen from the road and immediately accessible.
- In Demand Asset Class- Optometry is a prime candidate for a blend between medical and retail, also known as ‘medtail.’
- Below Market Rent- At less than $12/SF, this location provides security to an investor, knowing the rental rate could easily be replaced.
- Affluent Market- The ±5-mile radius surrounding this asset has an average household income of over $86,121, creating an increased demand for the area.
Executive Summary
Kyle Matthews
License No. 226035518 (VA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 226035518 (VA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,200 SF
Building Class
B
Year Built
2001
Price
$846,481 CAD
Price Per SF
$201.54 CAD
Cap Rate
8%
NOI
$67,718 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,200 SF
Building FAR
0.28
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
0
Parking
24 Spaces (5.71 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 108.00-01-17 | Improvements Assessment | $509,550 CAD |
| Land Assessment | $159,391 CAD | Total Assessment | $668,942 CAD |
Property Taxes
Parcel Number
108.00-01-17
Land Assessment
$159,391 CAD
Improvements Assessment
$509,550 CAD
Total Assessment
$668,942 CAD
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