Burleson Medical Office For Sale

209 Market St, Burleson, TX

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For Sale

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Tenant occupied medical office building for sale in Burleson, TX.

Type:OFFICE

Property size:

2,700 SF

Lot size:

0.37 Acres

Price / SF:

$320/SF

Contact for Pricing

Please call us for current price
and status of this listing

Parker Tims

Real Estate License ID: 793517

HighLights

Corporately Guaranteed Lease with Strong Credit Tenant (AEG Vision)
Enjoy 3% Annual Rent Increases with 2x3 Year Options Remaining
Tenant's Holding Company has Over 400+ Optometry Locations Nationwide
Located Off Market Street And SW Wilshire Blvd Which Sees Over 42,000 VPD
Smaller, Easier to Replace Unit (2,700 Square Feet Single Tenant)
Household Income is $102,840 in 5‑Mile Radius

For Sale

Contact for pricing

Tenant occupied medical office building for sale in Burleson, TX.

Type:OFFICE

Property size:

2,700 SF

Lot size:

0.37 Acres

Price / SF:

$320/SF

Added:: Dec 16, 2024
Days on Market:: 542
Last Refresh:: May 20 at 9:23 pm

Property Features for 209 Market St

General Information

Standard status: Active
Size: 2,700 SF
Lot size: 0.37 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Parker Tims

Listing agent Jason Vitorino License #793517

Listing office STRIVE

Listing date Dec 16, 2024

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

HighLights

Corporately Guaranteed Lease with Strong Credit Tenant (AEG Vision)
Enjoy 3% Annual Rent Increases with 2x3 Year Options Remaining
Tenant's Holding Company has Over 400+ Optometry Locations Nationwide
Located Off Market Street And SW Wilshire Blvd Which Sees Over 42,000 VPD
Smaller, Easier to Replace Unit (2,700 Square Feet Single Tenant)
Household Income is $102,840 in 5‑Mile Radius

Overview

This 2,700 square-foot medical office is available for purchase and is currently occupied by AEG Vision under a corporately guaranteed lease. The tenant has approximately 4 years remaining on the initial 5-year lease term, with 3% annual increases and two 3-year options remaining. AEG Vision's holding company has over 400 optometry locations nationwide and surpassed 600 OD doctors in the AEG network in 2023. The tenant is backed by Riata Capital Group, a Dallas-based private equity firm with $2 billion of capital invested and $7 billion in transaction value. The property is located off Market Street and SW Wilshire Blvd, which sees over 42,000 vehicles per day. The household income within a 5-mile radius is $102,840, which is significantly above the national average.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$82.9k	$30.72
− Vacancy	−$22.7k	−$8.42
EGI	$60.2k	$22.30
− OpEx	−$15.1k	−$5.58
NOI	$45.2k	$16.73

2,700 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$645.2K

$564.5K – $752.7K (±1% cap)

NOI $45,163 @ 7.0% cap · market cap 5.22%

Second Best

Healthcare Medical

$570.7K

$499.4K – $665.8K (±1% cap)

NOI $39,950 @ 7.0% cap · market cap 4.62%

Theoretical Best

Multifamily LT 5

$32.36M

$28.32M – $37.76M (±1% cap)

NOI $2,265,477 @ 7.0% cap · market cap 261.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Great Eye Doctor ... Contact Lenses Supplier Dennis M. Dean, ... Physician Dr. Heath Bullard Physician Dr. Denise Johnson Physician Brodie Sean Dejernett Physician

Suggested Use

Similar Places Nearby

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Texas Coalition for Animal Protection | TCAP Burleson — 344 SW Wilshire Blvd E, Burleson, TX 76028
Burleson Small Animal Hospital: Winquest Nicole A DVM — 445 SW Wilshire Blvd # A, Burleson, TX 76028
V.E.T. Care Hospital — 108 NE Wilshire Blvd, Burleson, TX 76028

Location Insight

Map
Local Demand

City: Burleson
County: Johnson
State: Texas
Longitude: -97.3351
Latitude: 32.538

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What type of property is this?

Medical Office Space - Tenant occupied medical office building for sale in Burleson, TX.

Where is this medical office space located?

The property is located at 209 Market St Burleson, TX.

What is the asking price?

The asking price for this property is $865,000.

What are key features of this property?

This property features: Corporately Guaranteed Lease with Strong Credit Tenant (AEG Vision); Enjoy 3% Annual Rent Increases with 2x3 Year Options Remaining; Tenant's Holding Company has Over 400+ Optometry Locations Nationwide

209 Market St, Burleson, TX

Tenant occupied medical office building for sale in Burleson, TX.

Property Features for 209 Market St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Multi-Family Mobile Home Community

Flexible Office Building with 13 Rooms

Renovated Church with Multipurpose Gym

Versatile Office Building with Training Space

New Duplex Investment Property

Medical Office Building with Treatment Rooms

Automotive Repair Facility with Fenced Yard

Creative Studio Office Building

Commercial Development Land with Easy Access

Light Industrial Development Land

Commercial Land with Easy Access

Agricultural Zoned Land with RV Park

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