For Sale
$1,170,000

3022 Mckinzie RdCorpus Christi, TX 78410

High-yield medical office investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
This Corpus Christi, Texas medical office building presents a compelling investment or user opportunity. Located at 3022 McKinzie Rd, 78410, in Nueces County, this single-story, 6,100 square foot Class B building sits on a 0.81-acre lot and was built in 1984. Currently 100% occupied by WellMed under an Absolute NNN lease with 4 years remaining (expiring 11/29/2028), the lease features 3% rent bumps every 3 years and two 5-year renewal options. The asking price is $1,170,000, representing a price per square foot of $191.80 and an 8.34% cap rate. The property boasts excellent frontage and visibility on McKinzie Road, with high daily traffic volume. The ideal floor plan includes fully plumbed exam rooms and an x-ray room, making it immediately functional for various medical practices. This turnkey investment offers strong potential for long-term value growth and stable income. The property's strategic location ensures high patient and staff accessibility.

Highlights

  • Corpus Christi, TX medical office building investment opportunity.
  • 6,100 SF Class B building on 0.81-acre lot at 3022 McKinzie Rd, 78410.
  • 100% occupied by WellMed under an Absolute NNN lease expiring 11/29/2028 with 3% rent bumps every 3 years and two 5-year options.
  • Asking price: $1,170,000 ($191.80/SF), 8.34% cap rate.
  • Excellent visibility and high traffic on McKinzie Road; fully plumbed exam rooms and x-ray room.

Property Details for 3022 Mckinzie Rd

Property type
Office properties, Medical offices
Square Feet
6,100 SF
Class
B
Year Built
1984
Buildings
1
Stories
1
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.8400604
Longitude
-97.5729812
3022 Mckinzie Rd, Corpus Christi, Texas

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3022 Mckinzie Rd
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