4025 S Padre Island Dr - Retail FOR SALE


Corpus Christi, TX 78411- South Side
$2,729,054 USD
310-486-9900
4025 S Padre Island Dr, Corpus Christi, TX for Sale
$2,729,054 USD
Retail - FOR SALE
1/3
null | 5.5% Cap Rate

4025 S Padre Island Dr
Corpus Christi, TX 78411
South Side


HIGHLIGHTS

  • Situated on S Padre Island Dr (16,368 VPD) With Prime Frontage, Excellent Visibility and Convenient Access to TX-358 (135,700 VPD)
  • There Are Over 6.75 Years Remaining on the Lease With Three (3), 5-Year Options To Extend
  • Corpus Christi Has a Growing Population, Including Retirees and Families; Population in a 5-Mile Radius is 215,383 With an AHHI of $75,619
  • Tenant Invested Over $650,000 in Improving This Property in 2022
  • Corporate Guaranteed Lease (NYSE: CON – Market Cap: $2.95 Billion)
  • With Over 520 Medical Centers and 130+ Onsite Clinics Nationwide, Concentra Is One of the Largest Occupational Healthcare Providers in the U.S

OVERVIEW

Situated on the high-traffic South Padre Island Drive (16,368 VPD), this prime property boasts excellent visibility and convenient access to TX-358 (135,700 VPD), making it a highly desirable location for businesses. Positioned in a thriving retail corridor, the property benefits from proximity to major national tenants such as Best Buy, Home Depot, Sam’s Club, Chick-fil-A, and Hobby Lobby, ensuring consistent consumer activity. Additionally, the surrounding area includes multiple hotels and essential service providers, enhancing the appeal for tenants seeking strong foot traffic. Corpus Christi’s growing population, consisting of families and retirees, further drives demand for accessible healthcare, making this an ideal location for urgent care services. This Concentra Urgent Care location benefits from a corporate-guaranteed lease (NYSE: CON – Market Cap: $2.95 Billion) with over 6.75 years remaining and three (3) five-year extension options, featuring 2% annual rental increases to hedge against inflation. The lease structure limits landlord responsibilities to the roof and structure, with a new roof installed in 2016 under a transferable 20-year warranty. Concentra, a leader in occupational health and urgent care services, invested over $650,000 in property improvements in 2022, demonstrating long-term commitment. With a surrounding 5-mile population of 215,383 and an average household income of $75,619, the site presents a strong investment opportunity in a market where urgent care centers provide cost-effective healthcare alternatives to emergency rooms.

FOR SALE DETAILS

PRICE

$2,729,054 USD

PRICE/SF

$443 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concentra Urgent Care | 135,700 VPD TX-358

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

B-4

APN/PARCEL ID

200061410

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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Robert NarchiMarcus & MillichapMore Info
310-486-9900

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