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.
- 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