210-602-9468
7601 S Staples St, Corpus Christi, TX for Sale
Sports and Entertainment - FOR SALE
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7601 S Staples St
Corpus Christi, TX 78413
South Side


HIGHLIGHTS

  • Long-term, Recently Extended Commitment
  • Brand Resilience & Innovation
  • Absolute NNN Zero Landlord Duties
  • Strategic Retail Hub with Unrivaled Market Access

OVERVIEW

CBRE Capital Markets is offering for sale the fee-simple interest in a 30,192-square-foot, seven-screen Alamo Drafthouse Cinema, located on a 4.34- acre parcel at 7601 S. Staples Street in Corpus Christi, Texas. The property benefits from a prime location at a busy intersection with 55,900 vehicles per day. The lease was amended and restated on December 27, 2023, establishing a new 20-year primary term expiring December 26, 2043, leaving approximately 17.6 years remaining, with four five-year renewal options. This investment offers a truly management-free opportunity for a passive investor, as it is an absolute triple-net lease with zero landlord responsibilities and 3% annual rent escalations. The Alamo Drafthouse brand, owned by Sony Pictures Entertainment since 2024, operates over 35 locations nationally, and this specific theater is run by franchisee Reel Dinner Partners – Corpus Christi, LLC. The location is strategically positioned in an affluent trade area with an average household income of $129,096 within one mile and is surrounded by major retailers.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alamo Drafthouse Cinema

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

301

LAND DETAILS

LAND ACRES

4.34 AC

LAND SF

189,050 SF

ZONING

CN-1

APN/PARCEL ID

536551

ASK ABOUT THIS PROPERTY

Andrew PriceCBREMore Info
210-602-9468

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Andrew PriceCBREMore Info
210-602-9468

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