Corpus Christi, TX - Amazon

Description:

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.

The asset benefits from a strategic location along U.S. Highway 44, a primary arterial thoroughfare that services the trade area and carries traffic volumes exceeding 24,000 vehicles per day. The site also benefits from nearby access to Interstate 37 (81,200 VPD) and Leopard Street (6,900 VPD), making this an ideal, centralized location with easy commutes. The property is adjacent to Corpus Christi International Airport, a primary regional air hub that supports approximately 74,000 aircraft operations annually and serves more than 700,000 passengers per year, offering strong air connectivity for logistics and workforce access. Furthermore, the site is positioned within an established industrial corridor anchored by logistics, energy, manufacturing, and distribution users including Flint Hills Resources, LyondellBasell, Valero, Citgo, Enterprise Products, and DE Dietrich Process Systems. Strong co tenancy with regional and national operators supports sustained industrial demand and reinforces the location as a proven employment and distribution hub. Moreover, the subject is located near Northwest Corpus Christi and the Tuloso Midway trade area, which experienced population growth of more than 8% over the past decade, supporting workforce availability for industrial and logistics users. The 5-mile subject trade area is supported by more than 19,000 residents and 14,000 daytime employees who earn average household incomes of more than $89,000.

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Listing ID: a28TP000002At5JYAS