For Sale
$7,542,000

4130 Alameda StCorpus Christi, TX 78411

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
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
4130 Alameda St, Corpus Christi, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4130 Alameda St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message