4506 Kostoryz Rd Corpus Christi, TX 78415
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Access Dental & Orthodontics / Dental Office
- Veena Raja / Dental Office
- Dr. Ronak Thesiya / Dental Office
Property Details for 4506 Kostoryz Rd
- Lot size
- 8.57 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a portfolio of eight strategically located dental and orthodontic facilities across Texas and New Mexico. The portfolio totals 68,286 net rentable square feet situated on 8.57 acres of land. Currently 100% occupied, the properties are under a master lease with a corporate guarantee, providing significant financial security. The absolute NNN lease structure ensures minimal landlord responsibilities, with a remaining term of 10.4 years and four, five-year renewal options. Annual rent bumps of 2% further enhance long-term returns. The portfolio boasts a strong NOI of $1,380,370 and an asking price of $19,719,574, representing an attractive price per square foot of $309. The properties are primarily located in Texas markets with populations exceeding 100,000, some even surpassing 300,000, ensuring a substantial patient base. The portfolio benefits from the advantages of a tax-free state, enhancing overall profitability. The resilient nature of the healthcare industry, coupled with the high build-out costs and low relocation rates of dental practices, contributes to the portfolio's long-term stability and predictable income stream. The portfolio's strong financials, including a robust rent coverage ratio, and the long-term lease structure make this a compelling investment opportunity in a growing sector.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.4069
- Latitude
- 27.7376
