South Texas Vocational Technical Institute - Corpus Christi, TX

Asset Type

Office

Address
2000 S Padre Island Dr Corpus Christi, TX United States 78416-1141
Asking Price

S$8,669,000

Sq Footage

29,186

Year Built

1978

Cap Rate

8.00%

Additional Attributes

Property Description

JLL is pleased to offer for sale the fee-simple interest in a single-tenant academic facility (the “Property”) located in Corpus Christi, Texas. South Texas Vocational Technical Institute (“STVT” or the “Tenant”) is a long-standing Corpus Christi trade school within a market featuring exceptional demand for specialized labor. The Property possesses outstanding accessibility for those in Corpus Christi seeking trade-focused education, located at the intersection of two prominent Texas state highways and thus creating a regional draw. Further, STVT is heavily entrenched into Corpus Christi’s medical and industrial markets, ensuring long-term tenancy and stability within an investment. With 10 years remaining on a triple-net (“NNN”) lease (at close of escrow), annual increases, and over 40 years of operating history, investors will secure appreciating, long-term cash flows from an established Tenant.

Investment Highlights

  • Long-term NNN lease with highly desirable fundamentals
  • Mission-critical facility
  • Prime market for trade-oriented education
  • Strong corporate tenant
  • Visible & accessible location
  • Extensive tenant investments
  • Large parcel with flexible zoning requirements
Listing Contacts
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
+65 3159 4021
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
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