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4500 N MacArthur Blvd
Irving, TX 75038
Brooks Eye Associates | Net Leased Asset · Office Property For Sale


INVESTMENT HIGHLIGHTS
- 100% Occupancy
- 2.75% Annual Escalations
- 12.64x Rent Coverage
- 4,434 SQUARE FEET
- 14.4 Years Remaining Term*
- $140,095 Year-1 NOI
EXECUTIVE SUMMARY
ERE Healthcare Real Estate Advisors (“ERE Advisors”) exclusively represents ownership in the sale of the Brooks Eye Associates Irving-Las Colinas property (“Brooks Eye”) a passive net-leased investment in the Dallas-Fort Worth Metroplex.
The property is composed of an approximately 4,434 square foot medical condominium, strategically positioned in the highly affluent DFW suburb of Irving-Las Colinas. The Dallas-Fort Worth-Arlington metropolitan statistical area is one of the most dynamic in the US and was the third fastest growing MSA in the country from 2023 to 2024.
Founded in 2012, Brooks Eye Associates is one of DFW’s premier ophthalmology practices and home to 7 highly-trained providers, including 4 board-certified ophthalmologists and 3 optometrists. The practice offers a comprehensive range of ophthalmic care, specializing in cataract surgery, LASIK, glaucoma treatment, diabetic retinopathy, corneal services, oculoplastics, and premium lens procedures.
The practice’s Irving-Las Colinas facility is a mission critical asset, penetrating the densely populated Mid-Cities region and feeding patients to the practice’s Plano location, where a variety of higher-acuity surgical procedures are performed.
In May 2025, Brooks Eye joined Unifeye Vision Partners (“UVP”), one of the nation’s leading ophthalmic services platforms. The partnership demonstrates the practice’s market dominance and dedication to patient care, but also enhances the creditworthiness of the investment, which is now backed by a corporate operator.
Upon closing of the transaction, the selected purchaser will take assignment of the existing NNN lease with UVP Management, LLC. The passive nature of the investment is enhanced by the condominium structure of the asset, whereby the association handles all common area maintenance pertaining to the property. The lease features approximately 14.4-years of remaining lease term, limited landlord responsibilities, and 2.75% annual rental increases.
The property is composed of an approximately 4,434 square foot medical condominium, strategically positioned in the highly affluent DFW suburb of Irving-Las Colinas. The Dallas-Fort Worth-Arlington metropolitan statistical area is one of the most dynamic in the US and was the third fastest growing MSA in the country from 2023 to 2024.
Founded in 2012, Brooks Eye Associates is one of DFW’s premier ophthalmology practices and home to 7 highly-trained providers, including 4 board-certified ophthalmologists and 3 optometrists. The practice offers a comprehensive range of ophthalmic care, specializing in cataract surgery, LASIK, glaucoma treatment, diabetic retinopathy, corneal services, oculoplastics, and premium lens procedures.
The practice’s Irving-Las Colinas facility is a mission critical asset, penetrating the densely populated Mid-Cities region and feeding patients to the practice’s Plano location, where a variety of higher-acuity surgical procedures are performed.
In May 2025, Brooks Eye joined Unifeye Vision Partners (“UVP”), one of the nation’s leading ophthalmic services platforms. The partnership demonstrates the practice’s market dominance and dedication to patient care, but also enhances the creditworthiness of the investment, which is now backed by a corporate operator.
Upon closing of the transaction, the selected purchaser will take assignment of the existing NNN lease with UVP Management, LLC. The passive nature of the investment is enhanced by the condominium structure of the asset, whereby the association handles all common area maintenance pertaining to the property. The lease features approximately 14.4-years of remaining lease term, limited landlord responsibilities, and 2.75% annual rental increases.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,434 SF
Building Class
A
Year Built
2024
Price
$2,964,883 CAD
Price Per SF
$668.67 CAD
Cap Rate
6.50%
NOI
$192,717 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,434 SF
Building FAR
0.01
Lot Size
9.84 AC
Zoning
P-O - P-O (Professional Office)
Parking
24 Spaces (5.41 Spaces per 1,000 SF Leased)
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