5560 Kingpin DrCorpus Christi, TX 78405

Property Details for 5560 Kingpin Dr

Year built

2020

Lot size

1.89 AC

Property size (Sq ft)

9,660 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

Exceptional investment opportunity: a 9,660-square-foot warehouse in Corpus Christi, Texas, is available for purchase at $2,600,000. This property boasts a 6.45% cap rate and a strong net operating income (NOI) of $167,640. Built in 2020, the warehouse features approximately 2,160 square feet of office space, 6,000 square feet of warehouse space, and a 1,500-square-foot wash bay. The building includes six 12' x 14' electric overhead doors and 400 AMP 3-phase power. Situated on a 1.89-acre lot, the property offers a fenced and concrete-paved yard with two-way access points, providing convenient access to Highway access points, Read Yard, NPID, and Flato Road. The property is zoned IL - Light Industrial and is currently under a 5-year net lease (NNN) with a quality tenant, expiring February 28, 2026, leaving approximately 1.3 years remaining. The lease includes annual rent increases of 3.5%. The property's address is 5560 Kingpin Dr, Corpus Christi, TX 78405, with APN 587802. This is a turnkey investment with a solid tenant and significant upside potential.

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.7776

Longitude

-97.4644

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