For Sale
$7,542,000

4130 Alameda St Corpus Christi, TX 78411

High-yield NNN lease, strong tenant.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a newly constructed (2024), 4,650 square foot 7-Eleven convenience store with an integrated Laredo Taco restaurant, situated on a 1.522-acre lot in Corpus Christi, Texas. The property boasts a prominent corner location at Everhart Rd and Alameda St, experiencing high vehicular traffic (33,500+ vehicles per day). The absolute NNN lease with 7-Eleven (S&P rated A), the world's largest convenience store operator, offers a 15-year term commencing October 1, 2024, and includes four 5-year renewal options. Rent increases of 7.5% every five years are built into the primary lease and options, ensuring consistent income growth. The property features 40 parking spaces and 8 gasoline multi-pump dispensers. Its strategic location across from an H-E-B and near a Walmart underscores its strong market position within Corpus Christi, Texas's 8th largest city, with a population exceeding 355,000. The property's Net Operating Income (NOI) is $395,920, resulting in a 5.25% capitalization rate. The asking price is $7,542,000, translating to $1,621.94 per square foot. This is a rare opportunity to acquire a high-performing, low-risk net lease investment with a blue-chip tenant in a thriving Texas market.

Highlights

  • New construction (2024). 4,650+/- SF building on a 1.52-acre lot.
  • 15-year corporate NNN lease with 7.5% rent increases every five years.
  • Corner lot at Everhart Rd and Alameda St (33,500+ vehicles per day).
  • Large 7-Eleven with Laredo Taco Company, 40 parking spaces, and 8 gas pumps.
  • Excellent location across from H-E-B and near Walmart.
  • Investment-grade tenant: 7-Eleven (S&P A-rated).

Property Details for 4130 Alameda St

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,650 SF
Year Built
2024
Lot Size (sq. ft)
66,298 SF

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.73406
Longitude
-97.3729066

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 4130 Alameda St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $7,542,000.
What are key features of this property?
This property features: New construction (2024). 4,650+/- SF building on a 1.52-acre lot.; 15-year corporate NNN lease with 7.5% rent increases every five years.; Corner lot at Everhart Rd and Alameda St (33,500+ vehicles per day).
How can I contact the broker?
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4130 Alameda St
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