1519 S Port Ave - Retail FOR SALE


Corpus Christi, TX 78405- Downtown Corpus Christi
$950,000 USD
361-331-7936
1519 S Port Ave, Corpus Christi, TX for Sale
$950,000 USD
Retail - FOR SALE
1/2
null | Request Cap Rate

1519 S Port Ave
Corpus Christi, TX 78405
Downtown Corpus Christi


HIGHLIGHTS

  • 7% Cap Rate
  • Below Replacement Value ($121/sf)
  • Tenant exercised renewal early and renovated interior, showing strong commitment to location
  • Recent improvements made to the property

OVERVIEW

Family Dollar location that was a build to suit in 2004. Tenant exercised an early 3 year extension in 2021, with the current term now expiring in December 2026. The Tenant also renovated the interior of the property in 2021, further showing strong commitment to the location. SPF roof coated in 2021 with a 15-year warranty. Two 5-year extension options remain, with 10% increases at the beginning of each renewal.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar * REDUCED*

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

I2

APN/PARCEL ID

217734

ASK ABOUT THIS PROPERTY

Joe CaseyJoe Adame & Associates, Inc.More Info
361-331-7936

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Joe CaseyJoe Adame & Associates, Inc.More Info
361-331-7936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.