7001 Yorktown BlvdCorpus Christi, TX 78414

Property Details for 7001 Yorktown Blvd

Year built

2022

Lot size

1.70 AC

Property size (Sq ft)

17,766 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

7463-0001-0040

APU

746300010040

Description

This exceptional 17,400-square-foot retail center, built in 2022, offers multiple suite options in Corpus Christi, Texas, at 7001 Yorktown Blvd, zip code 78414. The property features four suites, with a minimum divisible space of 1,225 square feet and a maximum contiguous space of 4,500 square feet. The space is a first-generation, grey shell, requiring tenant build-out. A generous tenant allowance of $26.00 per square foot is provided. However, tenants are responsible for constructing restrooms, HVAC systems, demising walls, sprinkler heads, electrical work, drop ceilings, and all other construction-related aspects. A minimum five-year primary lease term is required. The center boasts excellent visibility on Yorktown Boulevard, directly across from the new Del Mar College Southside Campus. This campus, spanning 96 acres, includes 250,000 square feet of buildings housing classrooms, offices, a library, and specialized facilities for science, technology, engineering, math, hospitality, and culinary arts. Further enhancing the location's appeal is the recently constructed Creekside Elementary School, a 1,000-student campus located nearby on Starry Lane. The area's growth is further supported by planned new single-family homes. This prime location presents a unique opportunity for various tenants, including restaurants, salons, medical offices, general retail businesses, and other suitable enterprises.

• CAP approach

  CAP return

  Valuation

  6%

  $5,601,376

  6.5%

  $5,170,501

  7%

  $4,801,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,756,258

  Geo Method

  $10,174,951

• Alternative Use

  Use

  Valuation

  Residential

  $4,361,511

  Hospitality

  $3,995,120

  Educational

  $3,323,894

  Medical

  $3,438,207

  Retail

  $5,170,501

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Latitude

27.654

Longitude

-97.3718

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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