4701 S Staples - Freestanding FOR SALE


Corpus Christi, TX 78411- Downtown Corpus Christi
$9,500,000 USD
214-957-7544
4701 S Staples, Corpus Christi, TX for Sale
$9,500,000 USD
Freestanding - FOR SALE
1/9
null | 8.84% Cap Rate

4701 S Staples
Corpus Christi, TX 78411
Downtown Corpus Christi


HIGHLIGHTS

  • 10-Year Lease Sale Leaseback | Scheduled Rental Increases | Options To Extend | Growing & Popular Brand
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (37,600 VPD) | Excellent Visibility | Significant Street Frontage
  • La Palmera (10M+ Annual Visitors) | Retail Corridor |Strong National/Credit Tenant Presence | Entertainment Hub
  • Direct, Affluent 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 a NNN leased, Urban Air investment property located in Corpus Christi, Texas. The tenant, UA Texas LLC, will sign a brand new 10-year lease at close of escrow with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Urban Air Adventure Park is the Nation’s #1 destination for family fun, featuring a variety of attractions perfect for all ages.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

8.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urban Air Adventure Park | New 10yr NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

171

LAND DETAILS

LAND ACRES

3.32 AC

LAND SF

144,619 SF

ZONING

CG-2

APN/PARCEL ID

250030

ASK ABOUT THIS PROPERTY

Tyler IsbellSRS Real Estate PartnersMore Info
214-957-7544

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

Tyler IsbellSRS Real Estate PartnersMore Info
214-957-7544

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