207 Elmhurst Drive
NNN investment property with long-term therapy tenant, stable income, and annual increases.
Marketing description
MAG Real Estate LLC is pleased to present the exclusive offering of 207 Elmhurst Drive, a 7,000 square foot NNN-leased commercial property situated on 0.82 acres in the rapidly growing city of Kyle, Texas. The property is 100% occupied by BlueSprig Pediatrics, Inc., a nationally recognized provider of Applied Behavior Analysis (ABA) therapy backed by KKR, one of the world's largest alternative asset managers.
The tenant is currently in the third year of their second five-year lease term, demonstrating exceptional tenant retention and operational commitment to this location. With built-in 2% annual rent escalations and a NNN lease structure, this investment offers a stable, predictable income stream with minimal landlord management responsibilities.
Investment highlights
- National Credit Tenant — BlueSprig Pediatrics is a KKR-backed platform with 170+ locations nationwide and estimated annual revenue exceeding 800M, providing exceptional tenant creditworthiness.
- Proven Tenant Retention — Tenant has occupied this location since 2018 and is currently in their second five-year lease term, with strong likelihood of a third renewal.
- NNN Lease Structure — Tenant reimburses all property taxes, insurance, and common area costs, minimizing landlord responsibilities and maximizing net returns.
- Built-In Rent Growth — Annual 2% rent escalations provide predictable income increases throughout the lease term.
- High-Growth Location — Kyle, TX is one of the fastest-growing cities in Texas, located on the I-35 corridor between Austin and San Antonio with population growth of 6.86% annually.
- Healthcare-Adjacent — Located approximately 2 miles from Ascension Seton Hays hospital, positioning the property favorably for medical and therapeutic tenants.
- Versatile Building — Multi-room layout with playground can accommodate medical offices, educational facilities, daycare, or therapy centers, providing diverse re-tenanting options.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
