LensCrafters

Mid-America Real Estate – Wisconsin is pleased to offer for sale a newly constructed LensCrafters located at 4518 E. Washington Avenue in Madison, Wisconsin. This brand-new, 10-year NN lease is guaranteed by Luxottica of America Inc., a wholly owned subsidiary of EssilorLuxottica S.A. (S&P: A) — the world’s largest eyewear company and parent to iconic brands such as Ray-Ban, Oakley, and Sunglass Hut. The 3,486-square-foot freestanding building was completed in 2024 with a full tenant buildout, and benefits from minimal landlord responsibilities limited to roof and structure. Positioned along East Washington Avenue (US-151), Madison’s most active retail corridor, the property enjoys outstanding visibility and access, directly across from East Towne Mall, a regional destination drawing over 4.6 million visitors annually. The surrounding trade area features dense, affluent demographics — over 125,000 residents within a 5-mile radius with average household incomes exceeding $105,000. National retailers including Target, Walmart, Best Buy, and Chick-fil-A anchor the corridor, creating consistent traffic and retail synergy. This offering represents an opportunity to acquire a new construction, investment-grade asset leased to a global healthcare retail leader, providing long-term stability and predictable income growth through 10% rental escalations every five years.