Investment Overview

Situated on the high-traffic South Padre Island Drive (16,368 VPD), this prime property boasts excellent visibility and convenient access to TX-358 (135,700 VPD), making it a highly desirable location for businesses. Positioned in a thriving retail corridor, the property benefits from proximity to major national tenants such as Best Buy, Home Depot, Sam’s Club, Chick-fil-A, and Hobby Lobby, ensuring consistent consumer activity. Additionally, the surrounding area includes multiple hotels and essential service providers, enhancing the appeal for tenants seeking strong foot traffic. Corpus Christi’s growing population, consisting of families and retirees, further drives demand for accessible healthcare, making this an ideal location for urgent care services. This Concentra Urgent Care location benefits from a corporate-guaranteed lease (NYSE: CON – Market Cap: $2.95 Billion) with over 6.75 years remaining and three (3) five-year extension options, featuring 2% annual rental increases to hedge against inflation. The lease structure limits landlord responsibilities to the roof and structure, with a new roof installed in 2016 under a transferable 20-year warranty. Concentra, a leader in occupational health and urgent care services, invested over $650,000 in property improvements in 2022, demonstrating long-term commitment. With a surrounding 5-mile population of 215,383 and an average household income of $75,619, the site presents a strong investment opportunity in a market where urgent care centers provide cost-effective healthcare alternatives to emergency rooms.