5342 Kostoryz Rd Corpus Christi, TX 78415

Property Details for 5342 Kostoryz Rd

Year built

1987

Lot size

0.22 lot acres

Property size

1,688 SF

Property type

Auto shops

Description

This exceptional investment opportunity presents a 1,688-square-foot, freestanding auto shop in Corpus Christi, Texas. The property, located at 5342 Kostoryz Rd, 78415, sits on a 0.22-acre lot and is currently 100% occupied under an absolute NNN lease with Minit Man Oil Change. The lease, commencing November 3, 2021, and expiring October 31, 2036, has a remaining term of 12 years, with two 5-year renewal options. The tenant, backed by a corporate guarantee, enjoys a 2% annual rent increase, ensuring consistent income growth. The property boasts excellent visibility on Kostoryz Road, offering easy access to South Padre Island Drive, a high-traffic area. Built in 1987, this asset generates a substantial NOI of $158,557, representing a 7.30% cap rate and a price per square foot of $1,286.90. The asking price is $2,172,287. This investment is ideally situated near Texas A&M University-Corpus Christi and benefits from the strong population base of over 217,154 residents within a five-mile radius, further enhanced by the proximity to the Port of Corpus Christi. This is a rare opportunity to acquire a stable, high-performing net lease property with significant long-term potential.