1601 Agnes St - Convenience Store FOR SALE


Corpus Christi, TX 78401- Downtown Corpus Christi
$1,043,000 USD
949-698-1105
1601 Agnes St, Corpus Christi, TX for Sale
$1,043,000 USD
Convenience Store - FOR SALE
1/4
null | 5.75% Cap Rate

1601 Agnes St
Corpus Christi, TX 78401
Downtown Corpus Christi


HIGHLIGHTS

  • 5 Years Remaining | Options To Extend | Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Premier Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant, 7-Eleven (operating as Stripes), has approximately 5 years remaining on its lease with 2 (10-year) options to extend, demonstrating long-term commitment to the site • Lease features 15% rent increase at the start of the first option and 17% rent increase at the start of the second option • The Lease is corporate signed by 7-Eleven, Inc further enhancing the credit quality and long-term stability of the tenancy

FOR SALE DETAILS

PRICE

$1,043,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stripes/7-Eleven | 5yrs Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

CROSS STREETS

S Brownlee Blvd.

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C-5

APN/PARCEL ID

1512-0015-0110,1512-0015-0130

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949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.