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South Port Retail Building 3014 S Port Ave 4,000 SF Retail Building Corpus Christi, TX 78405 $2,988,461 CAD ($747.12 CAD/SF)
Investment Highlights
- Attractive 7.95 Percent Cap Rate with Future Rent Increases
- Across the Street from H-E-B: Per Placer.AI, this location sees approximately 2.5 million visits per year
- Ability to Market Space for Lease While Benefiting from Cash Flow Generated from Dark Tenant
- Located Within One of Corpus Christi’s Established Commercial Corridors
Executive Summary
acres located across the street from H-E-B at 3014 S Port Avenue in Corpus Christi.
The property is occupied by Family DSO, LLC, a triple-net tenant (dark), currently paying annual base rent of $40 per square foot plus triple-nets. There are two, ten percent base rent increases that will come
into effect prior to the primary lease term expiring on 6/30/2038.
South Port Retail Building is available for purchase at a price of $2,133,000,which represents a day one cap rate of 7.95 percent. An investor could immediately earn an attractive cap rate while being able to market the building for lease. An owner-user could modify the building as necessary and retain or build equity in the property during the duration of their use.
The existing building configuration and commercial zoning create flexibility for a variety of future uses, including industrial service, automotive, retail, distribution, or owner-user occupancy. With limited supply of functional commercial space in established infill locations, the property is positioned to benefit from continued economic activity tied to the Port of Corpus Christi and the region’s industrial growth drivers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Space Available: • 4,000 SF (Divisible) • New construction • Well positioned directly adjacent to HEB with more than 2.2 million annual visitors • Cross access to Hwy 286 carrying over 108,000 vehicles per day • Less than one mile from the Del Mar College Heritage Campus with an enrollment of 12,000+ students
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500-4,000 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 1,500-4,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 1,500-4,000 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
• Space Available: • 4,000 SF (Divisible) • New construction • Well positioned directly adjacent to HEB with more than 2.2 million annual visitors • Cross access to Hwy 286 carrying over 108,000 vehicles per day • Less than one mile from the Del Mar College Heritage Campus with an enrollment of 12,000+ students
Nearby Major Retailers
Property Taxes
| Parcel Number | 379356 | Improvements Assessment | $867,697 CAD |
| Land Assessment | $158,750 CAD | Total Assessment | $1,026,446 CAD |
Property Taxes
Presented by
South Port Retail Building | 3014 S Port Ave
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