3505 Leopard St Corpus Christi, TX 78408
Zero landlord responsibilities, stable cash flow, and attractive basis.
Property size:
3,011 SFLot size:
0.80 AcresProperty Features for 3505 Leopard St
General Information
- Size
- 3,011 SF
- Lot size
- 0.80 Acres
Source:
Moodyscre
Listing Agent: Rahul Chhajed
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Medical Space Investment Opportunity
This medical space offers investors the advantage of zero landlord responsibilities for operating and capital expenses. This structure ensures a hands-off investment, providing stable, predictable cash flow while eliminating the financial risk associated with property upkeep, making it an ideal choice for those seeking a secure and low-maintenance investment. The lease has over 10 years of term with four, five-year renewal options. 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. Texas offers advantages due to its status as a tax-free state, allowing investors to maximize returns without state income taxes. This favorable tax environment enhances cash flow and increases overall profitability, making Texas an attractive location for real estate investment. Dental operators rarely relocate due to high build-out costs and difficulty in returning the same patients after moving. Healthcare properties are highly coveted investments due to their resilience in economic downturns and their relative immunity to disruptions that have impacted traditional retail sectors. The portfolio is offered at $309 per square foot.
Location Intelligence
Current Use by Public Records
Access Dental & Orthodontics
Dentist
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.429812
- Latitude
- 27.796755
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FAQs
What type of property is this?
Medical space - Zero landlord responsibilities, stable cash flow, and attractive basis.
Where is this medical space located?
The property is located at 3505 Leopard St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $870,179.
What are key features of this property?
This property features: - Zero landlord responsibilities for operating and capital expenses ensure a hands-off investment.; - Lease is jointly and severally guaranteed by SPEs for 16 of the operator’s 24 active locations, with substantial EBITDAR exceeding rental obligations.; - Texas location offers significant tax advantages due to its status as a tax-free state, maximizing returns.