For Sale
$1,975,000

3329 Leopard StCorpus Christi, TX 78408

High-yield Starbucks, Net Lease, Texas

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a Starbucks located at 3329 Leopard St, Corpus Christi, TX 78408. The 2,230 square foot building, constructed in 2024, sits on a 0.62-acre lot and boasts a prime location across from an H-E-B grocery store. The property benefits from a strong 100% occupancy rate with a corporate guarantee from Starbucks, the world's largest coffeehouse chain. The current lease, a Net Lease (NN) agreement, commenced March 16, 2024, and extends for a total of 10 years, with a remaining term of approximately 9.4 years. The lease includes four 5-year renewal options, each with an 8% rent increase. This translates to a substantial 6.00% cap rate and a Net Operating Income (NOI) of $118,500. The asking price is $1,975,000, resulting in a price per square foot of $885.65. The property's strategic location near the intersection of Nueces Bay Blvd and Leopard St, with easy access to Interstate-37 (46,000+ vehicles per day), and its proximity to Corpus Christi International Airport (5 miles) and a high-density residential area (almost 100,000 residents within 5 miles), ensures strong tenant performance and long-term value. The property's robust demographics, combined with the built-in rent escalations, make this a compelling investment opportunity with significant upside potential.

Highlights

  • 2024-built Starbucks with over 9.5 years remaining on the primary lease term.
  • Attractive 8% rent increase every 5 years throughout the primary term and renewal options.
  • Strong demographics: nearly 100,000 residents within a 5-mile radius.
  • Located across from an H-E-B and near other big-box retailers, apartments, and schools.
  • Five miles from Corpus Christi International Airport.
  • Hard corner lot at Nueces Bay Blvd and Leopard St, with easy I-37 access (46,000+ vehicles per day).

Property Details for 3329 Leopard St

Property type
Specialty properties, Retail properties
Square Feet
2,230 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
27,007 SF
Units
1

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.796393
Longitude
-97.427577
3329 Leopard St, Corpus Christi, Texas

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3329 Leopard St
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