Single-Tenant Medical Office
For Sale
Contact for pricing
209 Market St, Burleson, TX 76028
Leased medical office space with 4 years remaining under a corporately guaranteed agreement and 3% annual increases.
Property Size2,700 SF
Price / SF$320.37
Days on Market592
Property Features for 209 Market St
General Information
Standard status
Active
Size
2,700 SF
Property subtype
OFFICE
Listing Agency:
STRIVE
(469) 844-8883
Listed By:
Jason Vitorino · License #793517
(469) 844-8887
Source:
Moodyscre
Added: Dec 16, 2024
Changed: Jul 26
Last Checked: Jul 26 at 3:36AM
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
Investment Insights
Based on property information with market context.
This single-tenant medical office space is leased to AEG Vision under a 5-year lease structure with 4 years remaining. The lease features 3% annual increases and includes two remaining options of three years each. The agreement is corporately guaranteed, and the tenant is described as a strong credit tenant.
The tenant’s holding company operates an optometry footprint with 400+ locations nationwide and reported surpassing 600+ OD doctors in the AEG network in 2023. The lease is backed by Riata Capital Group, a Dallas-based private equity firm.
The property is configured as a smaller, single-tenant unit totaling 2,700 square feet. The current tenant is positioned as easier to replace due to the single-tenant structure.
The tenant’s holding company operates an optometry footprint with 400+ locations nationwide and reported surpassing 600+ OD doctors in the AEG network in 2023. The lease is backed by Riata Capital Group, a Dallas-based private equity firm.
The property is configured as a smaller, single-tenant unit totaling 2,700 square feet. The current tenant is positioned as easier to replace due to the single-tenant structure.
Key Highlights
- Leased medical office space with 4 years remaining under a corporately guaranteed lease
- 5‑year lease structure with 3% annual increases and two 3‑year options remaining
- Tenant is AEG Vision, corporately guaranteed by a strong credit holding company with 400+ optometry locations
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $45,163 @ 7.0% cap · market cap 5.22%
Second Best
Healthcare Medical
$570.7K
$499.4K – $665.8K
NOI $39,950 @ 7.0% cap · market cap 4.62%
Theoretical Best
Multifamily LT 5
$32.36M
$28.32M – $37.76M
NOI $2,265,477 @ 7.0% cap · market cap 261.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased medical office space with 4 years remaining under a corporately guaranteed agreement and 3% annual increases.
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: Leased medical office space with 4 years remaining under a corporately guaranteed lease; 5‑year lease structure with 3% annual increases and two 3‑year options remaining; Tenant is AEG Vision, corporately guaranteed by a strong credit holding company with 400+ optometry locations
