For Sale
$3,400,000

7602 Staples StCorpus Christi, TX 78414

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional 14,000 square foot shopping center in Corpus Christi, Texas, presents a compelling value-add investment opportunity. Built in 2012, the single-story, 100% occupied property sits on a 1.8-acre lot at 7602 S Staples St, 78414, boasting a current NOI of $260,100 and a 7.65% cap rate. Pro-forma projections indicate a significant increase in NOI to $300,000 and an 8.82% cap rate, reflecting the potential for rental growth. The property's prime location offers high traffic counts and easy access to major highways, ensuring strong tenant performance and attracting a diverse customer base. The multi-tenant structure provides stability and diversification, while the NNN lease structure minimizes landlord responsibilities. This is an ideal acquisition for investors seeking a stabilized asset with substantial upside potential in a thriving Texas market. The property features one building and is currently 100% occupied. The asking price is $3,400,000.

Highlights

  • Exceptional location in Corpus Christi, TX, with high traffic counts and major highway access.
  • 100% occupied, single-story, 14,000 SF shopping center on a 1.8-acre lot.
  • Diverse tenant mix providing stable income and reduced landlord risk.
  • Value-add opportunity with projected NOI increase to $300,000 and 8.82% cap rate.

Property Details for 7602 Staples St

Property type
Lifestyle centers, Power centers
Square Feet
14,000 SF
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.6647324
Longitude
-97.3961065
7602 Staples St, Corpus Christi, Texas

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment Opportunity
Where is the lifestyle center located?
The property is located at 7602 Staples St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Exceptional location in Corpus Christi, TX, with high traffic counts and major highway access.; 100% occupied, single-story, 14,000 SF shopping center on a 1.8-acre lot.; Diverse tenant mix providing stable income and reduced landlord risk.
How can I contact the broker?
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7602 Staples St
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