949-520-1050
9333 Highway 44, Corpus Christi, TX for Sale
Industrial - FOR SALE
1/9
null | 5.75% Cap Rate

9333 Highway 44
Corpus Christi, TX 78406


HIGHLIGHTS

  • Corporate Guaranteed | Investment Grade Tenant (S&P: AA) | 2% Annual Increases | Recent 5-Year Extension | Options to Extend
  • Modified NNN Lease | Fee Simple Ownership | No State Income Tax |Limited Landlord Responsibilities
  • Centralized Location | Dense Industrial Corridor | Nearby Airport
  • Over $16M of Tenant Invested Capital | Ongoing Improvements
  • Strong Demographics in 5-Mile Trade Area | 8% Population Growth

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a modified NNN leased, corporate guaranteed (NASDAQ: AMZN | S&P: AA), Amazon facility in Corpus Christi, TX. The tenant, Amazon.com Services, LLC recently signed a brand new 5-year extension and has 3 (5-year) options to extend remaining, demonstrating their long-term commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and providing a hedge against inflation. The lease is modified NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor in an income tax free state. The tenant is also responsible for roof leaks, parking lot restoration, and maintenance. Originally constructed in 2012, the building has been extensively remodeled with more than $16 million invested by the tenant into the buildout, and the site continues to receive ongoing improvements, including the addition of electric vehicle charging stations. Amazon is one of the world’s largest companies by revenue and market value, generating nearly $700 billion in annual sales and operating a global logistics network of approximately 1,200 facilities, highlighting the company’s unmatched scale and long-term commitment to logistics infrastructure.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amazon | Recent Extension | 2% Annual Incrs

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

574

LAND DETAILS

LAND ACRES

29.4

LAND SF

1,280,664

ZONING

IL

APN/PARCEL ID

2042-0001-0010

ASK ABOUT THIS PROPERTY

Dave FarisSRS National Net LeaseMore Info
949-520-1050

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Dave FarisSRS National Net LeaseMore Info
949-520-1050

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