Setpoint I Corpus Christi

Description:

Single-Tenant Net Lease Investment




Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase the Setpoint industrial facility, located in Corpus Christi, Texas.  




The Corpus Christi facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±3.53 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Freeport, Texas.




Investment Highlights
Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
Hands-Off Investment: Landlord responsibilities limited solely to Roof and Structure 
Build-To-Suit Facility: This crane-served property was a build-to-suit for Setpoint in 2013
Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity provides Setpoint with a long-term and stable customer base 
Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 14 locations along the gulf coast markets 
Port of Corpus Christi: The port of Corpus is the nation’s largest energy exporter and the third-largest export port for Crude Oil 
Outdoor Storage Yard: The property features 0.63 acres of paved yard with an additional 1.23 acres of excess land

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