Robson Eye Institute
601 S. Belcher Road | Clearwater, Florida 33764
Contact Brokers
James Garner, CCIM
First Vice President InvestmentsJames.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659
Jim Shiebler, CCIM, CEC
First Vice President Investments
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780
James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834
Reid Thedford
Investment Advisor
Reid.Thedford@MarcusMillichap.com
(O) 813-387-4726
FL #SL3442474
Highlights
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Strong Lease Guarantee: Robson Eye Institute was recently acquired by Magruder Eye Institute, a subsidiary of Southeastern EyeCareGroup. Magruder Eye Institute alone received almost $20MM in revenue for 2021.
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New 10-Year Lease with 8.5 Years Remaining on Base Term
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Essential Business | Pandemic Resistant
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Minimal Landlord Responsibility Limited Only to Roof and Structure
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Low Rent Per Square Foot - Very Replaceable Current Rate of $19.10 PSF
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Business Model Caters Perfectly to Demographic: Over 54% of the population within 5 miles is over the age of 45 with the Median Age at 48.8 Years.
Description
Marcus & Millichap is pleased to present Robson Eye Institute, a rare opportunity for an investor to purchase in the highly coveted market of Clearwater, FL. This new 10-year NN lease and has 8.5 years remaining. It is backed by a strong lease guarantee: Robson Eye Institute, LLC with an additional personal guarantee. The subject property is surrounded by a population of 260,000 within and household income of over $70,000 within a 5 mile-radius. The business model for Robson Eye Institute caters perfectly to the surrounding demographic as well. Over 54% of the population within 5 miles is over the age of 45 with the median age at 48.8 years. This ensures future appreciation and stability of the location.