726 N Padre Island Dr (NPID)
$4,985,000
726 North Padre Island Drive, Corpus Christi, TX 78406
For Sale
Industrial
Warehouse
Active
Last Updated: 04/14/2025
5.7
Cap Rate
299,354
NOI
Details:
Cap Rate: 5.7%
NOI: $299,354
Building Size: 15,000 sqft
Lot Area: 3.749 sqft
Lease Type: Triple Net
Year Built: 2021
Zoning: Li
Tenancy: Single
Floors: 1
Lease Expire Year: 2031
Highlights:
- North Padre Island Drive Hwy Frontage
- Quality Tenant with Long Term Lease
- Approx. 3.749 Acres, Fenced, Concrete Paved Yard
Description:
• Approx. 15,000 SF Total (Built in 2021)
- Approx. 3,000 SF Office
- Approx. 10,500 SF Warehouse
- Approx. 1,500 SF Wash Bay
• 480V 3 Phase 600 AMP Power
• 10 - 14’ x 16’ Electric OH Doors
• 5 Ton Crane (150’ Travel)
• Approx. 3.749 Acres, Fenced, Concrete Paved Yard
• Quality Tenant with Long Term Lease
• 3.5% Annual Increases
• Zoned IL - Light Industrial
• Highway Frontage with Direct Access to NPID and Flato Rd.
$4,985,000, Asking Price
Current NOI $299,354
Documents:
| Title | ||
|---|---|---|
| 726_NPID_-_Investment_Flyer.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
