Texas Parks & Wildlife Department 1409 Waldron Rd 11,896 SF Office Building Corpus Christi, TX 78418 $5,555,367 CAD ($466.99 CAD/SF) 7.41% Cap Rate

New Southern Commercial Real Estate is pleased to present the opportunity to acquire the Texas Parks & Wildlife Department Coastal Fisheries Division facility located at 1409 Waldron Road in Corpus Christi, Texas. The property is leased by the Texas Parks & Wildlife Department and serves as an operational location for the agency’s Coastal Fisheries Division.
This offering presents investors with a rare opportunity to acquire a government-occupied asset backed by the State of Texas, one of the most stable credit tenants in the United States.
The Coastal Fisheries Division is responsible for monitoring and managing marine fishery resources along the entire Texas Gulf Coast. The agency conducts scientific research, habitat monitoring, marine resource management, and fisheries enhancement programs to ensure the long-term sustainability of Texas’ coastal ecosystems.
Located on North Padre Island near the Upper Laguna Madre ecosystem, the facility sits within one of the most biologically productive coastal fisheries environments in North America. Its proximity to the Gulf of Mexico and coastal bay systems allows the State of Texas to efficiently conduct marine research, fisheries monitoring, and habitat conservation operations.
For investors seeking stable income and durable tenancy, the offering provides the following investment advantages:
• Credit tenancy backed by the State of Texas
• Essential government operations supporting marine resource management
• Strategic location within one of Texas’ most important coastal ecosystems
• Exposure to a strong and diversified regional economy
• Position within a major Gulf Coast trade, energy, and tourism corridor
Corpus Christi continues to emerge as one of the most strategically important coastal economies in Texas due to its role as a global energy export hub, maritime trade center, tourism destination, and military aviation training center.
With long-term government occupancy and strong regional economic fundamentals, this property offers investors the opportunity to acquire a stable income-producing asset in a high-growth coastal market.
Investment Highlights
State of Texas Credit Tenant
The tenant, the Texas Parks & Wildlife Department, is a state government agency responsible for managing Texas’ wildlife resources, state parks, fisheries, and conservation programs.
Government-leased properties historically offer investors:
• Low tenant default risk
• Long-term operational necessity
• Stable occupancy
• Reliable rent payment backed by public funding
For investors seeking defensive real estate investments, government tenancy is widely considered among the most secure income streams available in commercial real estate.