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Off Market
1/1

3802 S Staples St
Corpus Christi, TX 78411


HIGHLIGHTS

  • 7 Eleven, Inc. is an Investment grade Tenant with a current S&P Rating of AA- and Moody’s Rating of Baa1
  • Average Daily Traffic Counts of 27,150 on S Staples and 20,140 on Doddridge
  • Building has operated as a convenience store since 1978
  • Low Rent to Sales Ratio - Lease requires tenant to report annual sales data
  • Annual CPI rent increases (1.5% Max) on a NNN lease
  • Located in a Densely Populated Area with Strong Demographics

OVERVIEW

The subject property consists of 2,400 SF of improved building area on approximately 0.277 acres of total property. The improvement consists of a freestanding single-tenant building comprised of a 7-Eleven Convenience store dba Stripes. This store is located on the heavily trafficked intersection of South Staples St and Doddridge St. This site has been in operation as a convenience store for over 40 years and features historically strong sales and a low rent to sales ratio. This investment offers a qualified investor a long term investment grade opportunity with annual rent increases in a proven location. Broker of Record Stan Sewell License: 436676

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Stripes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

2400

STORIES

1

YEAR BUILT

1978

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

286985