4802 Alameda St - Service Station FOR SALE


Corpus Christi, TX 78412- Bay Area
$1,070,000 USD
949-698-1105
4802 Alameda St, Corpus Christi, TX for Sale
$1,070,000 USD
Service Station - FOR SALE
1/4
null | 5.75% Cap Rate

4802 Alameda St
Corpus Christi, TX 78412
Bay Area


HIGHLIGHTS

  • 7 Years Remaining | Options To Extend | Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Premier Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

- The tenant, Sunoco Retail LLC, has approximately 7 years remaining on its lease with 2 (10-year) options to extend, demonstrating long-term commitment to the site - Lease features 17.65% rent increase at the start of the first option and 20% rent increase at the start of the second option - The Lease is corporate signed by Sunoco further enhancing the credit quality and long-term stability of the tenancy

FOR SALE DETAILS

PRICE

$1,070,000 USD

PRICE/SF

$727 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Exxon/Sunoco | 7yrs Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,050 SF

ZONING

CG-2

APN/PARCEL ID

0960-0000-0010

ASK ABOUT THIS PROPERTY

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949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

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