QUANTUM VISION CENTERS | 4900 W Main St
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QUANTUM VISION CENTERS 4900 W Main St
4,640 SF Office Building Belleville, IL 62226 $515,446 ($111/SF) 9% Cap Rate
Executive Summary
RECENT EXTENSION: The tenant just elected to extend the lease for two additional years. They also assigned the lease to ECP Ophthalmology LLC which is the parent company known as Eye Care Partners.
NET LEASE: This property operates under a net lease making this a more passive and hands off investment.
NEW ROOF: The roof is currently being replaced and the work is expected to be completed by the end of 2024
E-COMMERCE RESISTANT TENANT: Healthcare operators aren’t prone to the same competition that many retail tenants face. Healthcare properties are highly sought-after investments for their insulation from e-commerce competition and resistance to economic downturns.
EYE CARE PARTNERS: There are over 1,000 providers across the country under the Eye Care Partners umbrella.
$70.78 BILLION DOLLAR EYECARE INDUSTRY: The US eyecare industry is expected to grow at a compound annual growth rate (CAGR) of 4.34% from 2024 to 2030. The global eye care market is expected to grow at a CAGR of 6.72% from 2024 to 2030, reaching an estimated size of $70.78 billion in 2023.
Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)
NET LEASE: This property operates under a net lease making this a more passive and hands off investment.
NEW ROOF: The roof is currently being replaced and the work is expected to be completed by the end of 2024
E-COMMERCE RESISTANT TENANT: Healthcare operators aren’t prone to the same competition that many retail tenants face. Healthcare properties are highly sought-after investments for their insulation from e-commerce competition and resistance to economic downturns.
EYE CARE PARTNERS: There are over 1,000 providers across the country under the Eye Care Partners umbrella.
$70.78 BILLION DOLLAR EYECARE INDUSTRY: The US eyecare industry is expected to grow at a compound annual growth rate (CAGR) of 4.34% from 2024 to 2030. The global eye care market is expected to grow at a CAGR of 6.72% from 2024 to 2030, reaching an estimated size of $70.78 billion in 2023.
Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,640 SF
Building Class
B
Year Built
1985
Price
$515,446
Price Per SF
$111
Cap Rate
9%
NOI
$46,390
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,640 SF
Building FAR
0.34
Lot Size
0.32 AC
Zoning
Commercial
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PROPERTY TAXES
| Parcel Number | 08-07.0-421-012 | Improvements Assessment | $5,306 |
| Land Assessment | $21,454 | Total Assessment | $26,760 |
PROPERTY TAXES
Parcel Number
08-07.0-421-012
Land Assessment
$21,454
Improvements Assessment
$5,306
Total Assessment
$26,760
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QUANTUM VISION CENTERS | 4900 W Main St
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