Vision Care Associates — Sale in Youngstown, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Youngstown, OH 44511
  • Year built: 1985

Photos

Vision Care Associates — Sale in Youngstown, OH, photo 1 of 2
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Investment Figures

Cap rate
10.46%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Vision Care Associates, an outpatient medical investment property located at 3155 Canfield Road in Youngstown, Ohio. The property is occupied by Vision Care Associates, an established optometry practice operating under the AEG Vision platform, one of the nation's largest optometric organizations with more than 500 affiliated locations nationwide. The investment offers stable cash flow supported by a recently executed lease renewal extending through August 2029, coupled with 2% annual rent escalations that provide built-in income growth. In addition to the primary optometry tenant, the property benefits from a second tenant occupying the lower level, creating a diversified income stream and enhancing overall cash flow stability. Strategically positioned along Canfield Road, one of Youngstown's primary commercial corridors, the property is surrounded by a strong mix of healthcare providers, national retailers, and daily-needs businesses. The location benefits from convenient access to Interstate 680 and serves a densely populated trade area, supporting the long-term viability of the tenancy. Offered at a 9.00% cap rate, the asset presents investors with an opportunity to acquire a healthcare-oriented investment backed by a nationally recognized optometry platform while benefiting from contractual rent growth and diversified tenant income. Investment Highlights: • AEG Vision Affiliation | Property is occupied by Vision Care Associates, operating under the AEG Vision platform, one of the largest optometry groups in the United States with more than 500 locations. • Built-In Rental Growth | The Vision Care Associates lease features 2% annual rent increases, providing consistent NOI growth throughout the remaining lease term. • Dual Income Streams | Income is generated from both Vision Care Associates and an additional lower-level tenant, creating diversified cash flow. • Attractive In-Place Yie

Market Context

This office in Youngstown, OH is listed for sale. It is offered at an approximate 10.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1985. Compare it against other office listings for sale in Youngstown, OH — view the full market.

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