SA Eye Center 4 Unit Portfolio – San Antonio, TX

San Antonio Eye Center
801 Brooklyn Ave, San Antonio, TX, USA

Sands Investment Group is pleased to present the San Antonio Eye Center campus located in downtown San Antonio, Texas. The campus comprises 4 strategically positioned medical office properties, each paired with dedicated parking, providing convenient access for patients and staff. Located within the established Bexar County medical and commercial corridor, the properties benefit from their proximity to downtown San Antonio and major healthcare, employment, and residential destinations. The portfolio is occupied by San Antonio Eye Center, providing investors with exposure to an established healthcare tenant and a mission-critical medical use. With 4 complementary locations concentrated within the same San Antonio trade area, this portfolio offers investors a rare opportunity to acquire a diversified healthcare asset package with strong infill positioning and long-term investment potential.

  • Infill Medical Campus in Downtown San Antonio: Rare opportunity to acquire 4 San Antonio Eye Center facilities totaling ~21,324 SF across a tightly concentrated footprint in the 78215 submarket. The portfolio includes the 503 Dallas, 511 Dallas, 523 Dallas and 801 Brooklyn locations, together with their associated parking parcels.
  • Established San Antonio Healthcare Operator: Founded in 1975, San Antonio Eye Center operates 16 locations and is described as one of the Alamo City’s oldest and largest groups of eye care specialists, offering more than 30 eyecare services ranging from routine care to surgery.
  • Located in One of the Nation’s Largest and Fastest-Growing Cities: San Antonio is the 7th-largest city in the United States with more than 1.54 million residents and has grown ~8% since 2020, significantly outpacing the 3.1% national growth rate over the same period.
  • Downtown San Antonio Location: The portfolio is conveniently located near I-35 in Downtown San Antonio, ~1 mile from major downtown destinations including the Alamo, placing the properties within one of the city’s most established and increasingly dense urban areas.
  • Long-Term Lease Security: 11+ years of remaining lease term, providing durable contractual income across the portfolio. The leases were originally structured with 15-year initial terms.
  • Absolute Triple Net (NNN) Lease Structure: Tenant is responsible for property taxes, insurance, common areas, roof and structure, repairs and maintenance, HVAC, and utilities, providing investors with a passive ownership structure and minimal landlord obligations.
  • Long-Term Covered Land Opportunity: ~2.04 acres of combined urban land, including dedicated parking parcels, provides investors with meaningful underlying land value while collecting long-term, responsibility free income.
  • Continued Population Growth Supports Long-Term Land Value: San Antonio added ~14,400 residents from 2024 to 2025, the 3rd-largest numeric population gain of any U.S. city, reinforcing the long-term value of controlling ~2.04 acres of infill land within the urban core of a growing major Texas market.
  • Income Today, Optionality Tomorrow: Long-term Absolute Triple Net (NNN) leases provide growing contractual income today, while the absence of renewal options preserves ownership’s ability to renegotiate with the tenant or pursue future repositioning and redevelopment opportunities as the underlying real estate matures.
  • Pricing Based on January 1, 2027 Annual Rent of $783,707: Contractual 2.5% annual increases providing consistent income growth throughout the remaining lease term.

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

San Antonio Eye Center
801 Brooklyn Ave, San Antonio, TX, USA

San Antonio Eye Center

San Antonio Eye Center, P.A. is one of the oldest and largest comprehensive ophthalmology groups in the San Antonio market. Founded in 1975 with a single physician, the practice has grown into a multi-specialty eye care organization serving patients throughout the San Antonio area and surrounding communities. Its team includes board-certified ophthalmologists, fellowship-trained subspecialists, optometrists, physician assistants, and opticians, allowing the practice to provide a broad range of specialized and routine vision care services.

The organization provides comprehensive eye care across multiple specialties, including laser-assisted cataract surgery, LASIK, glaucoma treatment, cornea care, retina and vitreous disorders, oculoplastics and aesthetics, pediatric and adult strabismus, optical services, and routine eye care. San Antonio Eye Center also operates its own physician owned ambulatory surgery center, providing advanced ophthalmic surgical services in a dedicated facility. San Antonio Eye Center has established a significant presence across the region through a network of medical and optical locations. Its current locations include multiple clinics throughout San Antonio, as well as facilities in Schertz, providing convenient access to specialized eye care for patients across the metropolitan area. The practice also participates in clinical research and emphasizes the use of advanced technology and treatment options to support quality patient outcomes.

Price

$11,610,500

Cap Rate

6.75%

PREMISES

21,324 SF

RENEWAL OPTIONS

None

Lease Expiration

12/31/2037

Lease Type

NNN

RENTAL INCREASES

2.5% Annually

BROKERS

List with SIG

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