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.