BNL Acquisition: Mid Florida Eye Center

Broadstone Net Lease has acquired five properties tenanted by Mid Florida Eye Center (MFEC) in central Florida, including two ambulatory surgical centers. MFEC serves more than 6,900 patients annually and derives the majority of its revenue from services including cataract surgery, retinal disease treatment, LASIK and refractive procedures, glaucoma/corneal disease treatment, as well as cosmetic, ophthalmic plastic, and reconstructive surgery. The five properties were acquired via a sale-leaseback transaction.

  • Closing Date: May 15, 2015
  • Square Footage: 44,110
  • Lease Type: Triple-net
  • Lease Length:  15 Years
  • Rent Increases: 2.80% Annually
  • Broker/source: Brent Barnes, Newmark Grubb Knight Frank

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).