Apple Valley Eye Care

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Apple Valley Eye Care located at 7789 147th St W in Apple Valley, Minnesota. The single tenant net lease asset is 100% occupied by Apple Valley Eye Care, and the new 5-year lease, signed with AEG Vision, includes contractual 2% annual rent escalations. The 6,720 SF building was constructed in 2004 and sits on 1.26 acres of land.

Apple Valley Eye Care was recently acquired by AEG Vision and was added to AEG Vision's expansive portfolio of optical retail. AEG Vision has over 425+ locations and has added 70-90 locations annually over the past three years. Intent on continued expansion, AEG Vision is quickly becoming a key player in eye care and is continuously adding to their over 2 million customers served and 4,000 doctors in their network.

The property is strategically situated adjacent to Walmart, which drives 2.8 million visits annually and is in the 89th percentile of Walmart stores in the state. Within the immediate trade area, several other traffic drivers such as Target, Aldi, Cub Foods, Fresh Thyme, Sam's Club, Menards, and Home Depot attract consumers to the area. Within a three-mile radius, the average household income is 132,000, 17% higher than the national average. The property also benefits from being located within the Twin Cities metro, just 20 minutes from downtown Minneapolis.

Please see OM for more information.