6314 Yorktown BlvdCorpus Christi, TX 78414

For Sale
$4,110,000
Corpus Christi Retail Center - 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 17,445 square foot shopping center, located at 6314 Yorktown Blvd in Corpus Christi, Texas, presents a compelling investment opportunity. Built in 2008, this Class B retail property boasts a current 100% occupancy rate across a diverse tenant mix, generating a strong Net Operating Income (NOI) of $337,125, representing a 7.50% capitalization rate. The property's pro-forma NOI is projected at $375,000, indicating a potential pro-forma cap rate of 9.12%. The asking price is $4,110,000, translating to a price per square foot of $235.60. The property operates under a Triple Net Lease (NNN) structure. Its prime location within Corpus Christi offers convenient access for shoppers in nearby neighborhoods, contributing to its consistent high occupancy and strong rental income. This stabilized investment provides immediate cash flow and significant value-add potential through rent compression strategies. The property is situated in Nueces County, Texas, zip code 78414.

Highlights

  • 100% occupied, stabilized property.
  • Potential for cap rate compression through rental increases.
  • Strong tenant diversity.
  • Excellent city and neighborhood retail location.

Property Details for 6314 Yorktown Blvd

Property type
Lifestyle centers, Power centers
Square Feet
17,445 SF
Class
B
Year Built
2008

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.6610378
Longitude
-97.3833551
6314 Yorktown Blvd, Corpus Christi, Texas

FAQs

What type of property is this?
Lifestyle center - Corpus Christi Retail Center - 100% Occupied
Where is the lifestyle center located?
The property is located at 6314 Yorktown Blvd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $4,110,000.
What are key features of this property?
This property features: 100% occupied, stabilized property.; Potential for cap rate compression through rental increases.; Strong tenant diversity.
How can I contact the broker?
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6314 Yorktown Blvd
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