839 N Nolan River Rd Cleburne, TX 76033

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.