Overview
Matthews™ Healthcare Division is pleased to present the opportunity to acquire a single-tenant optometry clinic leased to The Eye Guys in Texarkana, Texas. The tenant is an established regional operator with two additional locations, demonstrating their market share in the region.
The practice provides comprehensive primary eye care services, including full eye exams that evaluate both vision performance and overall eye health. In addition to standard vision testing, they offer specialized screening for glaucoma, cataracts, and macular degeneration, critical services that support long-term preventative care.
The U.S. eye care market was estimated at approximately $27.3 billion in 2024 and is projected to grow to $41.2 billion by 2030 (~7.1% CAGR). This steady growth underscores the essential, non-discretionary nature of vision care and the strength of the broader healthcare segment.
At close of escrow, the tenant will execute a brand-new 15-year absolute NNN lease with 2% annual rent increases, providing a true passive investment structure while offering a built-in hedge against inflation. Absolute NNN leases are particularly rare in healthcare real estate, making this structure especially attractive to long-term investors.
This offering presents a compelling opportunity to secure stable, passive income backed by a regional healthcare provider operating within a rapidly expanding and recession-resistant industry.
Investment Highlights
- Long-Term Absolute NNN Lease – The tenant will be signing an absolute 15-year NNN lease at the close of escrow demonstrating their commitment to the location. The lease also features a completely passive net lease structure that is rare to find in healthcare real estate investments.
- Inflation-Protected Cash Flow – The lease features two percent annual rent increase, offering investors built-in income growth and a great hedge against inflation.
- Main Road Location – The property sits directly on Texas Blvd, one of the primary thoroughfares in Texarkana that connects the surrounding neighborhoods to the city’ score. With strong daily traffic and direct access through a dense residential pocket, the location benefits from consistent visibility and convenient access for patients.
- National Retail Synergy – Strategically positioned just minutes from one of the town’s primary intersections, the property benefits from strong surrounding retail draw. Nearby national anchors include Starbucks, Walmart, Wingstop, Albertsons, and Walgreens, driving consistent traffic to the area and reinforcing the strength of the location.
- Recession-Resistant Asset Class – The non-discretionary nature of medical care and its resilience during economic uncertainty has made healthcare real estate a strategicfocus for both institutional and private investors nationwide.
- Tax-Free/Top Destination State – Texas is one of nine states with no personal income tax, offering potential tax advantages for investors. According to U.S. Census data, Texas led the nation in net domestic migration in 2024.
- Essential & Preventative Eye Care Services – The practice provides comprehensive primary eye care services, including full eye exams that evaluate both vision performance and overall eye health. In addition to standard vision testing, they offer specialized screening for glaucoma, cataracts, and macular degeneration, critical services that support long-term preventative care.
- On-Site Physicians – The practice is a five-physician group operating across three locations with Dr. Summers and Dr. McCall actively practicing out of the subjectproperty, providing a consistent on-site presence.
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