MyEyeDr./A1 Check Cashers Pasadena, TX

3405 Spencer Hwy
Pasadena, TX

Price: $1,966,430
Cap Rate: 6.75%
NOI: $132,734
Building Size: Approx. 5,432 Sq. Ft.
Lot Size: Approx. 0.71 Acres
Type: Multi-Tenant / Medical
Sub Category: Medical / Dental
Year Built / Renovated: 1990 / 2023

Investment Overview

  • 1990 Construction/2023 Renovation. 5,432+/- SF Building on 0.71+/- Acre Site
  • Two Tenant Building with NNN Leases that Include a MyEyeDr. Corporate Guarantee With 10+ Years Remaining
  • Ideally Positioned Near the Signalized Intersection of Spencer Hwy (34,000+ VPD) and Strawberry Rd (22,700+ VPD)
  • Located in a Dense Retail Corridor of Pasadena, Across from Spencer Square (~200K SF), a Kroger-Anchored Shopping Center
  • MyEyeDr. Has Grown to Over 820 Locations Nationwide and was Recently Purchased By Goldman Sachs
  • A1 Check Cashers Provides Check Cashing Services, Money Orders Accepted Nationwide, and Bill Payments Services in Their 24 Locations
  • Pasadena | Second Largest City in the Greater Houston Metro | Population: 152,000+

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