726 N Padre Island Dr (NPID)

726 North Padre Island Drive, Corpus Christi, TX

$5,250,000

Price

5.51%

Cap Rate

$289,230

NOI

Overview
Cap Rate
5.51%
NOI
$289,230
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
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.

$5,250,000, Asking Price
Current NOI $289,230

Highlights
  • North Padre Island Drive Hwy Frontage
  • Quality Tenant with Long Term Lease
  • Approx. 3.749 Acres, Fenced, Concrete Paved Yard
Documents

Location
Gallery