4120 Five Points Rd - Restaurant FOR SALE


Corpus Christi, TX 78410
$1,795,000 USD
310-704-3616
4120 Five Points Rd, Corpus Christi, TX for Sale
$1,795,000 USD
Restaurant - FOR SALE
1/46
null | 4.72% Cap Rate

4120 Five Points Rd
Corpus Christi, TX 78410


HIGHLIGHTS

  • Trust Sale
  • located in the premier Five Points retail center and close to Home Depot
  • Located at the intersection of US 77 and Northwest Blvd
  • Long terms lease with 3 additional 5 year terms

OVERVIEW

Trust Sale - This Triple Net Chili's Restaurant Bar and Grill has an additional .559 acres in the rear of the property included in the listing price. The restaurant is located in the desirable Five Points Shopping Center. Close to Home Depot and near the intersection of US 77 and Northwest Blvd. The property has 125ft of frontage, 2.2 acres and is built in 2003. Chili's is located in 29 countries with 1600 restaurants. Total revenues are over $4 Billion. Percentage Rent break point in gross sales is $4,066,000.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

4.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,680 SF

ZONING

CG-2

APN/PARCEL ID

262437

ASK ABOUT THIS PROPERTY

Todd WohlBraun InternationalMore Info
310-704-3616

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Todd WohlBraun InternationalMore Info
310-704-3616

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