8421 Jasper St., Fort Worth Texas 75050

× Bidding has ended on this property.

Favorite

Share Browse Near By Document Vault

8421 Jasper St., Fort Worth Texas 75050

Occupancy:

Vacant

SQFT:

3,500

Land Area:

0.65

Parking Spaces:

175

By the Numbers

Investment Insights

Mid-America Real Estate – Wisconsin is pleased to offer for sale a brand-new LensCrafters located at 4518 E Washington Avenue in Madison, WI. This freestanding, 3,500 SF building was completed in 2024 and is 100% leased to LensCrafters under a 10-year NNN lease with two 5-year renewal options. The lease is guaranteed by Luxottica of America Inc., a subsidiary of EssilorLuxottica (EPA: EL), the world’s largest eyewear company. Rent increases by 10% every 5 years, including during option periods, providing long-term income growth. The property is strategically located along East Washington Avenue (US-151), a dominant retail corridor in Madison, directly across from East Towne Mall and surrounded by national tenants including Target, Best Buy, Chick-fil-A, and McDonald’s. The corridor sees over 38,700 VPD and serves one of Madison’s densest residential and commercial zones. This offering presents a rare opportunity to acquire a turnkey healthcare-adjacent retail asset backed by investment-grade credit in a high-traffic location within Wisconsin’s capital city.

Property Overview

Brand-New 2024 Construction – Delivered in Q1 2024 with high-end tenant buildout
10-Year NNN Lease – Minimal landlord responsibilities; roof & structure only
10% Rent Increases Every 5 Years – Including in two 5-year renewal options
Investment-Grade Guarantee – Lease backed by Luxottica of America (S&P A)
Healthcare-Aligned Use – Eye exams, optical services, and prescription lens lab
Prime Madison Retail Corridor – Directly across from East Towne Mall (4.6M visits/year per Placer.ai)
Strong Visibility & Traffic – Over 38,700 VPD along East Washington Avenue (US-151)
Dense, Affluent Trade Area – 127,000+ residents within 5 miles | $107K avg HH income

Hold Harmless

Any documents and/or pictures posted herein or elsewhere on the Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Auction Ends In

26 Days, 02:29:05

Opening Bid

$1,500,000

Your Maximum Bid Is $0

Bid Increment

$25,000

Opening Bid

Cooperating Broker Fee Available

Cooperating brokers may be eligible for a 1.00% co-op fee if their client is the winning bidder. Client must identify their broker during bidder registration.