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Miscellaneous

Southern Careers Institute

1122 Morgan Blvd, Harlingen, TX 78550

Listing Price: $4,985,285

Cap Rate
6.00%
Tenant Name
Southern Careers Institute
Years Remaining On Lease
4.6
Gross SF
18,324
Guarantor
Corporate Guarantee
Rentable SF
18,324
Price/Gross SF
$272.06
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.32

Investment Overview

Southern Careers Institute (SCI) is a private, for-profit post-secondary career and technical education institution founded in 1960. The school is accredited by the Council on Occupational Education and approved by the Texas Workforce Commission. Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 kilometers) from the coast of the Gulf of Mexico.

Investment Highlights

  • Over Four Years Remaining on Corporate Absolute Triple-Net (NNN) Lease
  • 2 Percent Annual Rental Increases and One, Five Year Renewal Option
  • Across the Street from H-E-B Supermarket and U-Haul Storage Services
  • Surrounded by National Restaurant Chains - Sonic, Pizza Hut, Little Caesars Pizza, McDonald's, Church's Chicken, and More
  • High Visibility Location near Signalized Intersection of Grimes Avenue, and Morgan Boulevard (20,000+ Cars per Day)
  • Central Location within Two Miles / Five to Six Minutes Commute to Downtown Harlingen and Valley International Airport
  • Steadily Growing Trade Area with 145,863 Residents within a 10 Mile Radius
  • Less than Two Miles from Educational Institutions - Texas State Technical College Harlingen, the Marine Military Academy, and Harlingen School of Health Professions

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Miscellaneous

Southern Careers Institute

Listing Price: $4,985,285

Cap Rate
6.00%
Tenant Name
Southern Careers Institute
Years Remaining On Lease
4.6
Gross SF
18,324
Guarantor
Corporate Guarantee
Rentable SF
18,324
Price/Gross SF
$272.06
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.32

Investment Highlights

  • Over Four Years Remaining on Corporate Absolute Triple-Net (NNN) Lease
  • 2 Percent Annual Rental Increases and One, Five Year Renewal Option
  • Across the Street from H-E-B Supermarket and U-Haul Storage Services
  • Surrounded by National Restaurant Chains - Sonic, Pizza Hut, Little Caesars Pizza, McDonald's, Church's Chicken, and More
  • High Visibility Location near Signalized Intersection of Grimes Avenue, and Morgan Boulevard (20,000+ Cars per Day)
  • Central Location within Two Miles / Five to Six Minutes Commute to Downtown Harlingen and Valley International Airport
  • Steadily Growing Trade Area with 145,863 Residents within a 10 Mile Radius
  • Less than Two Miles from Educational Institutions - Texas State Technical College Harlingen, the Marine Military Academy, and Harlingen School of Health Professions

Investment Overview

Southern Careers Institute (SCI) is a private, for-profit post-secondary career and technical education institution founded in 1960. The school is accredited by the Council on Occupational Education and approved by the Texas Workforce Commission. Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 kilometers) from the coast of the Gulf of Mexico.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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