8149 S Padre Island Dr - Convenience Store FOR SALE
Corpus Christi, TX 78412 |
8149 S Padre Island Dr
Corpus Christi, TX 78412
HIGHLIGHTS
- Brand New 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 8% Rent Increases Every 5 Years
- Established Operator of Convenience Stores in Texas – Currently Operates 40+ Locations
- Strong Store Performance - 2.021 x Rent Coverage
- South Padre Island Drive Sees Over 66,000 VPD (Highest Traffic Counts in the City) and is the Main Northwest and Southeast Thoroughfare
- Corpus Christi MSA Population is Over 500,000 People and Growth Has Outpaced Any Other City in the U.S.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Valero
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
2120
STORIES
1
YEAR BUILT
2009
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
283906
