For Sale
$2,600,000

5560 Kingpin DrCorpus Christi, TX 78405

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: a 9,660-square-foot warehouse in Corpus Christi, Texas, is available for purchase at $2,600,000. This property boasts a 6.45% cap rate and a strong net operating income (NOI) of $167,640. Built in 2020, the warehouse features approximately 2,160 square feet of office space, 6,000 square feet of warehouse space, and a 1,500-square-foot wash bay. The building includes six 12' x 14' electric overhead doors and 400 AMP 3-phase power. Situated on a 1.89-acre lot, the property offers a fenced and concrete-paved yard with two-way access points, providing convenient access to Highway access points, Read Yard, NPID, and Flato Road. The property is zoned IL - Light Industrial and is currently under a 5-year net lease (NNN) with a quality tenant, expiring February 28, 2026, leaving approximately 1.3 years remaining. The lease includes annual rent increases of 3.5%. The property's address is 5560 Kingpin Dr, Corpus Christi, TX 78405, with APN 587802. This is a turnkey investment with a solid tenant and significant upside potential.

Highlights

  • $2,600,000 asking price for a Net Leased Warehouse.
  • 9,660 SF warehouse built in 2020 with 1.3 years remaining on a 5-year lease.
  • 6.45% cap rate and $167,640 annual NOI with 100% occupancy.
  • Located on a 1.89-acre lot at 5560 Kingpin Dr, Corpus Christi, TX, with two-way access points and easy highway access.
  • Features include 2,160 SF of office space, 6,000 SF of warehouse space, 1,500 SF wash bay, 400 AMP 3-phase power, and six 12'x14' electric overhead doors.

Property Details for 5560 Kingpin Dr

Property type
Warehouses, Industrial properties
Square Feet
9,660 SF
Year Built
2020
Buildings
1
Lot Size (sq. ft)
82,328 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.777644452464
Longitude
-97.464417021552
5560 Kingpin Dr, Corpus Christi, Texas

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5560 Kingpin Dr
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