4502 Kostoryz Rd Corpus Christi, TX 78415

This investment opportunity features a lease structure with zero landlord responsibilities for operating and capital expenses, offering a hands-off investment with stable and predictable cash flow. The lease has over 10 years of term with four, five-year renewal options. The operator is generating a robust rent coverage ratio across all units based on Q2 2024 annualized financials. The lease is jointly and severally guaranteed by SPEs for 16 of the operator’s 24 active locations. Q2 2024 annualized financials for these locations report substantial EBITDAR which well exceeds the rental obligation for subject portfolio. The properties are predominantly located in markets with 100k+ people, with a few of the sites being located in markets with 300k+ people, providing an ample patient base to support the operator’s business. Located in Texas, the investment benefits from the state's tax-free status, allowing investors to maximize returns without state income taxes. The portfolio is being offered at $309 per square foot. The global dental services market size was valued at $433.2 billion in 2022 with North America claiming 48.3% of revenue share. The industry is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The property is located at 4502 Kostoryz Rd, Corpus Christi, TX and has a size of 14376 square feet.