5200 Padre Blvd - Freestanding FOR SALE


South Padre Island, TX 78597
$1,400,000 USD
210-839-2048
5200 Padre Blvd, South Padre Island, TX for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

5200 Padre Blvd
South Padre Island, TX 78597


OVERVIEW

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire 5200 Padre Blvd (the “Property”), a 5,500 square foot retail center located in the heart of South Padre Island. Specifically, the Property is positioned along South Padre Island’s primary corridor that runs north-south along the island, thus benefiting from the steady flow of both tourist and local traffic. 5200 Padre Blvd is currently 100% leased to three dynamic tenants, offering investors immediate cash flows, and with 1.9 years of weighted average remaining lease term, investors have the opportunity to mark rents to market, further boosting NOI.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C

APN/PARCEL ID

676400-1640-035000

ASK ABOUT THIS PROPERTY

210-839-2048

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

210-839-2048

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