For Sale
$6,372,000

4701 Staples St Corpus Christi, TX 78411

High-return entertainment property, NNN lease.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 39,000 square foot Urban Air Adventure Park in Corpus Christi, Texas. The property boasts a brand-new 10-year triple-net (NNN) lease with UA Texas LLC, commencing September 1, 2024, and expiring August 31, 2034. The lease includes a 5% rental increase in 2029, ensuring consistent NOI growth and inflation protection. With a current NOI of $462,000 and an asking price of $6,372,000, this property offers a compelling 7.25% cap rate. The property, built in 1968 and renovated in 2023, sits on a 3.32-acre lot with 171 parking spaces and is zoned CG-2 General Commercial. Its prime location at 4701 S Staples St, in a high-traffic area with over 37,600 vehicles passing daily, benefits from proximity to major retail centers like Moore Plaza (including Target and H-E-B) and La Palmera Shopping Mall. The strong tenant synergy and affluent demographics (average household income of $91,042 within a 5-mile radius) contribute to the property's exceptional investment potential. The 100% occupancy rate further solidifies its financial strength. This is a low-management investment opportunity with significant upside potential.

Highlights

  • Brand new 10-year lease with scheduled rent increases.
  • Triple-net (NNN) lease with fee simple ownership and minimal landlord responsibilities.
  • High-visibility location on a signalized hard-corner intersection with 37,600 vehicles per day and significant street frontage.
  • Located in La Palmera, a retail corridor with over 10 million annual visitors, strong national credit tenants, and an entertainment hub.
  • Strong demographics and affluent consumer base within a 5-mile radius.

Property Details for 4701 Staples St

Property type
Specialty properties
Square Feet
39,000 SF
Year Built/Renovated
1968/2023
Lot Size (sq. ft)
144,619 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.7145192
Longitude
-97.3723426

FAQs

What type of property is this?
Specialty property - High-return entertainment property, NNN lease.
Where is the specialty property located?
The property is located at 4701 Staples St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $6,372,000.
What are key features of this property?
This property features: Brand new 10-year lease with scheduled rent increases.; Triple-net (NNN) lease with fee simple ownership and minimal landlord responsibilities.; High-visibility location on a signalized hard-corner intersection with 37,600 vehicles per day and significant street frontage.
How can I contact the broker?
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4701 Staples St
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