6609 Evans Rd Corpus Christi, TX 78413

This exceptional investment opportunity presents a 114,419 square foot, fee-simple charter school campus in Corpus Christi, Texas. The property, built in 2018-2019, consists of a high school (50,547 sq ft) and an elementary school (63,872 sq ft), both operating under the Riverwalk Education Foundation (S&P rated "BBB"). The School of Science and Technology (SST) enjoys a 25-year net lease (commencing August 17, 2018, expiring August 17, 2043), with 18.8 years remaining. The lease includes annual rent bumps and two 5-year options. The tenant, SST, is credit-rated and backed by a corporate guarantee, further enhancing the investment's security. The property boasts a 5.49% cap rate, a $1,645,842 NOI, and a $30,000,000 asking price ($262.19/sq ft). The campus sits on a 7.5-acre lot and features a 2019 Duro-Last roof with a transferable warranty, 7 1/4 inch concrete tilt wall construction, and annual solar panel reimbursements. Both schools have consistently exceeded 100% enrollment since opening, with over 400 students currently on the waitlist. Located in a thriving South Texas neighborhood with a population exceeding 200,000 within a 5-mile radius, this property offers a compelling combination of strong financial performance, secure tenancy, and long-term growth potential. The charter school is guaranteed by the Permanent School Fund Bond Guarantee Program (AAA-rated). The seller is offering competitive financing options.