3201 S Padre Island Dr - Service Station FOR SALE


Corpus Christi, TX 78415- South Side
$2,836,000 USD
570-762-6075
3201 S Padre Island Dr, Corpus Christi, TX for Sale
$2,836,000 USD
Service Station - FOR SALE
1/8
null | 5.5% Cap Rate

3201 S Padre Island Dr
Corpus Christi, TX 78415
South Side


HIGHLIGHTS

  • Over 6 Years Remaining | Corporate Signed | 10% Rental Increases | Investment Grade Tenant (S&P: A) | Branded as Stripes
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | SH-358 (143,000 VPD) | Near SH-358/SH-286 Interchange | Excellent Visibility & Access
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment grade (S&P: A), 7-Eleven investment property located in Corpus Christi, Texas. The tenant, 7-Eleven, Inc., has over 6 years remaining on their lease term with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The site features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is corporate signed by 7-Eleven, Inc. (S&P: A) and is an absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property is currently being branded as a Stripes Convenience Store, but is secured and operated by 7-Eleven, Inc.

FOR SALE DETAILS

PRICE

$2,836,000 USD

PRICE/SF

$963 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | 6yrs Remaining Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,494 SF

ZONING

Commercial

APN/PARCEL ID

0898-0001-0017

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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