MyEyeDr Credit Rating & NNN Cap Rate (2026)

MyEyeDr Business Overview & NNN Investment Profile

MyEyeDr. is a U.S. vision care provider whose online location directory lists 1,014 locations in 29 states and Washington, D.C. (October 2026). MyEyeDr. opened its first location in 2001 and grew from a network of 40 vision care centers in the Washington, D.C. metro area before expanding nationally. In 2019, Goldman Sachs Asset Management, Charlesbank Capital Partners (a minority investor), management and other investors acquired Capital Vision Services, the management services company that supports MyEyeDr.

MyEyeDr.’s model resembles the DSO (dental support organization) framework applied to optometry: it acquires optometry practices, and its management services company, Capital Vision Services, provides financial, marketing and managed care services. Its published site criteria for landlords call for 1,200 to 3,200 square feet and 18 feet of frontage, with no drive-thru needed (October 2026).

Why MyEyeDr Matters for NNN Investors

Comprehensive in-office testing supports physical locations: eye health exams, medical eye care and eyewear fittings rely on in-office equipment and staff. MyEyeDr.’s video-assisted eye health exams still take place in its offices, with an on-site technician and a remote doctor connected by video. Eyeglasses and contact lenses are also sold online by retailers such as Warby Parker and 1-800 Contacts, and at-home services such as 1-800 Contacts’ ExpressExam offer online prescription renewal, so online channels compete for product sales and for a limited subset of exam services. MyEyeDr.’s published site criteria do not require a drive-thru and list building types ranging from neighborhood strips and lifestyle centers to freestanding and medical office buildings. Confirm the building type and site layout of each property.

A small optical space in a suburban retail center may be suitable for other retail, service or medical users, subject to zoning, build-out costs and local demand. Because MED ParentCo L.P. is rated below investment grade and the lease may be signed by a different entity, underwrite the real estate on its own.

Cap Rate Analysis & Pricing for MyEyeDr NNN Properties

Live asking cap rates for MyEyeDr and comparable tenants (a tenant appears only when at least three active listings with a published asking cap rate are tracked):

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, Pacific Dental Services.

Asking prices for the 4 MyEyeDr. listings InvestmentGrade.com tracks range from $0.43M to $2.50M (latest observation October 9, 2026).

The MyEyeDr. listings InvestmentGrade.com tracks are a mixed net lease sample, not a strictly NNN set: as of October 8, 2026 they include an NN lease and listings whose lease type we have not confirmed, so the median is not a pure NNN statistic. Marketing materials may name Capital Vision Services or another entity as tenant or guarantor; that is not a guaranty by MED ParentCo L.P. unless the executed lease says so. Confirm the lease type, tenant and guarantor of each property.