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United Rentals | Double Net (NN) Investment Opportunity

$1,175,000

2751 Texas 361, (Ingleside) Corpus Christi, TX 78362

Active
Last Updated: 01/27/2021

7.15

Cap Rate

84,000

NOI

Details:
Cap Rate:    7.15%
NOI:    $84,000
Building Size:    8,200 sqft
Lot Area:    1.99 acres
Lease Type:    Double Net
Year Built:    2018
Price Per Sqft:    $143.29
Roof:    Landlord’s Responsibility
HVAC:    Shared Responsibility
Repairs & Maintenance:    Shared Responsibility
Highlights:
  • United Rentals is the Largest Equipment Rental Company in the World With an Integrated Network of Over 1,186 Locations Worldwide
  • Tenant Has Made Over $350,000 of Improvements to the Site By Installing a Diesel Fueling Station, Electrical Fencing, Equipment Wash Rack and LED
  • Landlord Replaced Roof and Exterior Warehouse Sheet Metal in 2018
  • United Rentals is Strategically Positioned to Provide Services to the Nearby Chemical Plants, Offshore Drilling Companies and Energy Centers
  • Property is Located Right Off Texas Highway 361, Making it a Very Accessible Site
  • Demographics – Population of 45,564 Residents Making an Average Household Income of $78,815 Within a 10-Mile Radius
  • Adjacent to the Whitney Lake Marsh Wildlife Refuge – a 50 Acre Area That Includes Bird Watching, and a Migratory Habitat For Waterfowl, Shorebirds and Many Other Species
  • Area Attractions Include Several Parks Offering Picnic Areas, Soccer Fields, Hike/Bike Trails and a Skate Park
  • Ingleside is Situated on the Corpus Christi Bay in South Texas and is Minutes From the Beaches of Port Aransas, Rockport, Mustang Island and Padre Island
  • Corpus Christi is the 8th Most Populous City in Texas With a Population Over 442,600; The Port of Corpus Christi is the 3rd Largest in the U.S. and Handles Over 6,000 Vessels and Over 80 Million Tons of Cargo Annually
  • Nearby Tenants Include: Quality Inn, EZPawn, HEB, Valero, Whataburger, U-Haul, Stripes, Dairy Queen, Pizza Hut, Wells Fargo, USPS, Sonic and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,200 SF United Rentals Facility Located at 2751 State Highway 361 in Ingleside, Texas. This is a Great Opportunity to Invest in an Industry Leading Tenant With Income Growth in a Tax Beneficial State.





In Cooperation With: Sands Investment Group Austin, LLC Lic. #9004706

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