MyEyeDr-Mena

$715,000

208 Morrow Street South, Mena, AR 71953

For Sale

Commercial

Active

Last Updated: 04/03/2026

Details:

Cap Rate: 7.32%

NOI: $52,373

Building Size: 4,284 sqft

Occupancy: 100%

Class: C

Units: 1

Lease Type: Double Net

Year Built: 1985

Zoning: C-2

Tenancy: Single

Parking Spots: 22

Lease Expire Year: 03/31/2033

Offered by Broker

Ashley Habiger

Principal

Delta Properties

#PB00093413

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Highlights:

Fresh -Year Lease Renewal
Established Optometry Practice
National Operator
Financially Strong Tenant
High-Growth Optometry Market
Strong Commercial Location

Description:

Excellent opportunity to acquire a healthcare real estate investment property fully occupied by MyEyeDr. Backed by Goldman Sacs, MyEyeDr. has grown to become one of the largest operators of eye care services nationwide. Healthcare real estate offers the opportunity for stable returns and growth. This property provides both: the tenant just renewed its lease for another 7-year term, and the lease includes an option to renew with a rental increase upon renewal. Landlord responsibility is limited to property insurance, structural and exterior repairs. The property underwent a major renovation and expansion in 2016 and is in excellent condition. Mena is a regional trade and service center for the surrounding cities and counties and is experiencing economic momentum, evidenced by recent and planned government and corporate investments.