Matthews™ is pleased to present a two-tenant net leased medical office building located in Naples, Florida. The property is anchored by Eye Health America — a leading regional ophthalmology operator with 53 locations across Florida, Georgia, and South Carolina. Eye Health America recently acquired Quigley Eye Associates — the operator which previously occupied this property. The remainder of the property’s rentable square footage is leased to Edge Wellness Solutions. Edge Wellness has made a substantial $400,000 investment to fully build out their space, underscoring their long-term commitment to the property. In addition, ownership will complete a full parking lot reseal and restripe, ensuring the asset is delivered in pristine, well-maintained condition for the next investor. The property is located north of downtown Naples roughly one mile from the 337-bed NCH North Naples Hospital. Within a five-mile radius of the property, the population is 162k and the 5-mile average household income is just shy of $100k.

Eye Health America anchors the property (74% of the rentable square footage) on a NNN lease with 3% annual escalations and roughly eight years of remaining lease term. In total, the property has a weighted average remaining lease term of roughly seven years. Services offered at this location include primary and routine eye care, pre- and post-operative surgical care, cataract surgery, ocular disease treatment, glaucoma, dry eye disease, diabetic retinopathy, and more.