EyeCare Partners Credit Rating & NNN Cap Rate

EyeCare Partners Business Overview & NNN Investment Profile

EyeCare Partners describes itself as the nation’s leading provider of clinically integrated eye care, with over 700 affiliated practice locations in 18 states and 30 markets and more than 300 ophthalmologists and 700 optometrists (company release, May 3, 2024). The St. Louis, Missouri-based DSO (Dental Service Organization equivalent in vision care) provides management services to affiliated optometry and ophthalmology practices, and has grown by acquiring and partnering with practices. Its credit rating is below investment grade, as shown below.

Source: S&P Global Ratings CCC-, as of December 19, 2025. Ratings checked September 27, 2026.

EyeCare Partners vs. MyEyeDr: Two Vision Care DSOs Compared

This section compares two vision care tenants. S&P rates EyeCare Partners LLC CCC-, below investment grade. For MyEyeDr, our ratings database tracks its parent, MED ParentCo L.P. (S&P: no verified rating). A parent rating describes the parent company, not a specific lease, so confirm whether the rated company signs or guarantees the lease you are buying. Location analysis (market demographics, competition from LensCrafters and Walmart Vision, lease term remaining) matters for any tenant rated below investment grade.

EyeCare Partners NNN Lease Structure, Pricing and Peer Cap Rates

No EyeCare Partners median is available: we do not currently track enough EyeCare Partners listings with published asking cap rates. Where at least three MyEyeDr listings qualify, the table below shows their live asking cap rates as peer observations, not EyeCare Partners pricing. As of October 8, 2026, the MyEyeDr listings InvestmentGrade.com tracks are a mixed net lease sample: one is marketed as NN rather than NNN, and our listing data do not confirm NNN terms for the other four, so confirm landlord responsibilities in each lease.

Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: EyeCare Partners.

Initial terms, rent increases and building sizes vary by lease and site, so confirm them in the lease and check local demand from other vision or medical users before relying on re-leasing. Pricing for a specific property depends on its location, remaining lease term, rent level and lease guarantor.