4949 Greenwood DrCorpus Christi, TX 78416

For Sale
Call for price
135,000 SF At Home, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a fee-simple interest in a 135,221-square-foot At Home store located at 4949 Greenwood Drive, Corpus Christi, Texas. The property boasts a strong 100% occupancy rate with a single tenant, At Home, under an absolute NNN lease with 6.8 years remaining. The lease includes four, five-year renewal options with attractive 2.0% annual rent increases, ensuring consistent and growing cash flow. The property generates a substantial net operating income (NOI) of $694,936. Built in 1986, this strategically located retail space sits on a 17-acre lot and benefits from high visibility along Greenwood Drive, just off State Highway 358, experiencing approximately 107,300 vehicles per day. The property's prime location is further enhanced by its proximity to a Walmart Supercenter, Mission Plaza shopping center, and other high-performing retailers, attracting a combined 6.33 million annual visitors. The area also features two schools with over 2,400 students, contributing to a robust local demographic. This offering provides investors with a secure, long-term investment in a thriving retail market with exceptional real estate fundamentals. The average household income within a five-mile radius exceeds $75,000, reflecting the area's strong economic base. Corpus Christi is the eighth-largest metropolitan area in Texas, offering a stable and growing market for retail investments. This is a rare opportunity to acquire a core net lease asset with a national tenant and significant upside potential.

Highlights

  • Less than one mile to two schools with over 2,400 students.
  • Over 154,000 residents within a 5-mile radius.
  • Adjacent to a high-performing Walmart Supercenter.
  • Excellent visibility from Greenwood Dr & State Hwy 358, boasting 107,300 vehicles per day.
  • Average household income exceeding $75,000 within a 5-mile radius.
  • Located in Texas's 8th largest metro area.

Property Details for 4949 Greenwood Dr

Property type
Retail properties, Retail space
Square Feet
135,221 SF
Year Built
1986
Lot Size (sq. ft)
740,520 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.745856
Longitude
-97.442688
4949 Greenwood Dr, Corpus Christi, Texas

FAQs

What type of property is this?
Retail property - 135,000 SF At Home, NNN Lease
Where is the retail property located?
The property is located at 4949 Greenwood Dr Corpus Christi, TX.
What are key features of this property?
This property features: Less than one mile to two schools with over 2,400 students.; Over 154,000 residents within a 5-mile radius.; Adjacent to a high-performing Walmart Supercenter.
How can I contact the broker?
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4949 Greenwood Dr
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