4506 Kostoryz Rd Corpus Christi, TX 78415
High-yield, 7% cap rate, 10+ year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 8-property dental/orthodontic portfolio in Texas & New Mexico; 68,286 net rentable square feet on 8.57 acres; 100% occupied under master lease with corporate guarantee.
- Absolute NNN lease; over 10 years remaining with four 5-year renewal options; 2% annual rent increases.
- Strong rent coverage ratio based on Q2 2024 financials.
- Joint and several corporate guarantee by SPEs for 16 of operator's 24 locations; substantial EBITDAR exceeding rental obligations.
- Primarily located in Texas markets with populations exceeding 100,000, some over 300,000.
- Located in Texas, a tax-free state.
Property Details for 4506 Kostoryz Rd
- Property type
- Day care centers & nurseries, Retail properties
- Buildings
- 8
- Lot Size (sq. ft)
- 373,309 SF
Location Insight
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Latitude
- 27.7375952
- Longitude
- -97.4069176
Nearby Similar for Sale
FAQs
- What type of property is this?
- Day care center & nursery - High-yield, 7% cap rate, 10+ year lease.
- Where is the day care center & nursery located?
- The property is located at 4506 Kostoryz Rd Corpus Christi, TX.
- What is the asking price?
- The asking price for this property is $19,719,574.
- What are key features of this property?
- This property features: 8-property dental/orthodontic portfolio in Texas & New Mexico; 68,286 net rentable square feet on 8.57 acres; 100% occupied under master lease with corporate guarantee.; Absolute NNN lease; over 10 years remaining with four 5-year renewal options; 2% annual rent increases.; Strong rent coverage ratio based on Q2 2024 financials.
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