839 N Nolan River Rd Cleburne, TX
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NN leased medical office building with strong credit tenant.
Type:OFFICE
Property size:
12,500 SFLot size:
1.65 Acres- Added:
- Sep 5, 2025
- Days on Market:
- 212
- Last Refresh:
- Apr 1 at 8:43 pm
Property Features for 839 N Nolan River Rd
General Information
- Standard status
- Active
- Size
- 12,500 SF
- Lot size
- 1.65 Acres
- Property subtype
- OFFICE
Listing agent Parker Tims
Listing office STRIVE (469) 844-8880
Listing date Sep 5, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of STRIVE
Overview
Medical Office Investment Opportunity
This property features a corporately guaranteed lease with a strong credit tenant. The tenant's holding company has over 400 optometry locations nationwide and surpassed 600+ OD doctors in the AEG network in 2023. The lease is backed by Riata Capital Group, a Dallas-based private equity firm with $2B of capital invested and $7B in transaction value. The property has a limited landlord responsibility due to its NN lease structure. Constructed in 2015, the Class A building features a facade. It is located off Nolan River Road, a major thoroughfare in Cleburne with over 10,000 vehicles per day. The property is in close proximity to numerous national retailers, including Walmart, Chili’s Grill & Bar, Planet Fitness, Starbucks, and Chick-Fil-A. The original lease was for 5 years with an early 3-year extension, totaling 8 years, with over 6.5 years remaining. The lease includes 3% annual increases and 2 x 4-year options remaining. The attractive go-in cap rate is at 6.75% for new medical.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cleburne Eye Clinic
Physician
Heath L. Bullard, ...
Physician
Karl L. Wedel, ...
Physician
Traci Kuykendall OD
Physician
Joe Martin OD
Physician
Similar Places Nearby
- Nolan River Animal Hospital — 893 A N Nolan River Rd, Cleburne, TX 76033
Location Insight
- Map
- Local Demand
- City
- Cleburne
- County
- Johnson
- State
- Texas
- Longitude
- -97.4274
- Latitude
- 32.345
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - NN leased medical office building with strong credit tenant.
Where is this medical office space located?
The property is located at 839 N Nolan River Rd Cleburne, TX.
What is the asking price?
The asking price for this property is $2,965,000.
What are key features of this property?
This property features: Corporately Guaranteed Lease with a strong credit tenant; Attractive Go‑In Cap Rate at 6.75% for new medical facility; Original 5 Year Lease with an early 3 Year Extension totalling 8 Years - over 6.5 years remaining
