December 8, 2021 – Michael Talbert of Horvath & Tremblay has successfully completed the sale of My Eyelab in San Antonio, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,985,000.
My Eyelab is located at 8539 Texas State Highway 151 in San Antonio, Texas. My Eyelab is in a 2,937 square foot building on a 0.93-acre lot. My Eyelab has 7.5+ years remaining on their 10-year, Absolute NNN lease with two (2), five-year renewal options remaining. The lease features attractive 12.50% rent increases in the fifth year of the lease and at the start of each option period. The property benefits from excellent visibility on TX-151 and is ideally situated near the junction of TX-151 and Interstate 410. My Eyelab is located in the Westover Marketplace, a Target and Lowe’s anchored center with over 55,000 people living within a 2-mile radius, and over 254,000 within a 5-mile radius. National retailers driving traffic to the area include Target, Ross, Lowe’s, Home Depot, Starbucks, Walmart, Chase, Harbor Freight Tools, LA Fitness, PetSmart, Five Below, Panera, CVS, Dollar Tree, Popeye’s, Autozone, Burger King, Gold’s Gym, and many others.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.