4229 S Padre Island Dr - Restaurant FOR SALE


Corpus Christi, TX 78411- South Side
$4,906,372 USD
703-477-1315
4229 S Padre Island Dr, Corpus Christi, TX for Sale
$4,906,372 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

4229 S Padre Island Dr
Corpus Christi, TX 78411
South Side


HIGHLIGHTS

  • Absolute NNN Lease features ±15.0 Years of Primary Term Remaining
  • Excellent Performer with Strong Sales
  • Excellent Access & Visibility

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 9,660-square-foot Cracker Barrel Old Country Store situated on 2.34 acres in Corpus Christi, Texas (MSA Population: 448,942). Cracker Barrel's absolute NNN lease features ±15.0 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options.

FOR SALE DETAILS

PRICE

$4,906,372 USD

PRICE/SF

$573 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel: Corpus Christi, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

153

LAND DETAILS

CROSS STREETS

Oakhurst

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

-

APN/PARCEL ID

200091595

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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