839 N Nolan River Rd, Cleburne, TX

Listing agent Parker Tims License #793517

Listing office STRIVE Show Phone

Listing date Sep 5, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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

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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