INTERNATIONAL EYECARE CENTER

INVESTMENT HIGHLIGHTS

• October 2023 Tenant Remodel – The tenant recently invested massively in the facility creating a new space to service their patients, a testament to the success and commitment to the clinic.
• Established Practice – International Eyecare Centers was founded in 1981 with the goal of delivering world-class vision care to the community. Since then, IEC has expanded to multiple locations spread throughout Illinois, and Missouri.
• Business Acquired by AEG Vision – In 2017, IEC joined AEG Vision Group, an experienced and successful healthcare management team which supports over 300 eyecare locations across the country. AEG Vision empowers eyecare professionals to deliver the highest quality of patient care and service by leveraging medical best practices, innovation, and collaboration.
• Tenant Investment in Location – Medical support organizations rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving.
• E-Commerce Resistant Healthcare Investment – Medical properties are highly sought-after for their security of investment and their resistance to economic downturns and e-commerce trends that affect traditional retail properties.
• High Yield Investment Well Below Replacement Cost – At a 9.00% cap rate and approx. $62/SF, this is an opportunity to acquire a high yield investment leased to a 300+ unit healthcare operator; attractive in a market with rising interest rates and lower spreads.