4202 S Staples St - Convenience Store FOR SALE


Corpus Christi, TX 78411- Bay Area
$3,273,000 USD
570-762-6075
4202 S Staples St, Corpus Christi, TX for Sale
$3,273,000 USD
Convenience Store - FOR SALE
1/8
null | 5.5% Cap Rate

4202 S Staples St
Corpus Christi, TX 78411
Bay Area


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 | State Highway 358 (142,800 VPD) | Excellent Visibility & Access | Multiple Pylon Signs
  • Dense Retail Corridor | Across from CVS and Walgreens | Strong National/Credit Tenant Presence
  • Direct Consumer Base | 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, 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) option periods, demonstrating their 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 signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 77,000 stores in 16 countries and regions, including 16,000 in North America. The property is currently being branded as a Stripes Convenience Store, but is secured and operated by 7-Eleven, Inc.

FOR SALE DETAILS

PRICE

$3,273,000 USD

PRICE/SF

$855 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

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

CROSS STREETS

Everhart Rd

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Commercial

APN/PARCEL ID

8229-0000-0021,8229-0000-0023,8379-0000-0010

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.