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7601 S Staples St - Alamo Drafthouse Cinema 30,192 SF Sports & Entertainment Building Offered at $13,988,270 CAD at a 10% Cap Rate in Corpus Christi, TX 78413
Investment Highlights
- Long-term, Recently Extended Commitment
- Absolute NNN Zero Landlord Duties
- Brand Resilience & Innovation
- Strategic Retail Hub with Unrivaled Market Access
Executive Summary
CBRE Capital Markets is offering for sale the fee-simple interest in a 30,192-square-foot, seven-screen Alamo Drafthouse Cinema, located on a 4.34- acre parcel at 7601 S. Staples Street in Corpus Christi, Texas. The property benefits from a prime location at a busy intersection with 55,900 vehicles per day. The lease was amended and restated on December 27, 2023, establishing a new 20-year primary term expiring December 26, 2043, leaving approximately 17.6 years remaining, with four five-year renewal options.
This investment offers a truly management-free opportunity for a passive investor, as it is an absolute triple-net lease with zero landlord responsibilities and 3% annual rent escalations. The Alamo Drafthouse brand, owned by Sony Pictures Entertainment since 2024, operates over 35 locations nationally, and this specific theater is run by franchisee Reel Dinner Partners – Corpus Christi, LLC. The location is strategically positioned in an affluent trade area with an average household income of $129,096 within one mile and is surrounded by major retailers.
This investment offers a truly management-free opportunity for a passive investor, as it is an absolute triple-net lease with zero landlord responsibilities and 3% annual rent escalations. The Alamo Drafthouse brand, owned by Sony Pictures Entertainment since 2024, operates over 35 locations nationally, and this specific theater is run by franchisee Reel Dinner Partners – Corpus Christi, LLC. The location is strategically positioned in an affluent trade area with an average household income of $129,096 within one mile and is surrounded by major retailers.
Property Facts
| Price | $13,988,270 CAD | Building Class | B |
| Price Per SF | $463.31 CAD | Lot Size | 4.34 AC |
| Sale Type | Investment | Building Size | 30,192 SF |
| Cap Rate | 10% | No. Stories | 1 |
| Property Type | Sports & Entertainment | Year Built | 2016 |
| Property Subtype | Theater/Concert Hall | Parking Ratio | 9.97/1,000 SF |
| Zoning | CN-1 - Neighborhood Commercial | ||
| Price | $13,988,270 CAD |
| Price Per SF | $463.31 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Sports & Entertainment |
| Property Subtype | Theater/Concert Hall |
| Building Class | B |
| Lot Size | 4.34 AC |
| Building Size | 30,192 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 9.97/1,000 SF |
| Zoning | CN-1 - Neighborhood Commercial |
Amenities
- Lounge
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 536551 | Improvements Assessment | $6,836,289 CAD |
| Land Assessment | $1,332,953 CAD | Total Assessment | $8,169,242 CAD |
Property Taxes
Parcel Number
536551
Land Assessment
$1,332,953 CAD
Improvements Assessment
$6,836,289 CAD
Total Assessment
$8,169,242 CAD
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7601 S Staples St - Alamo Drafthouse Cinema
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