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Tesla Service Center 3605 S Padre Island Dr 6,202 SF Retail Building Corpus Christi, TX 78415 $1,900,000 ($306.35/SF) 6.28% Cap Rate



EXECUTIVE SUMMARY
Located at 3605 So. Padre Island Dr., at the lighted intersection of Carroll Lane. and So. Padre Island Dr. Property leased and occupied by Tesla Service Center. Excellent visibility and easy access. The building has great visibility and a daily traffic count of 120,777 (VPD Tx Dot).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
6,202 SF
Building Class
C
Year Built
1995
Price
$1,900,000
Price Per SF
$306.35
Cap Rate
6.28%
NOI
$119,388
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.76 AC
Zoning
B-4
Parking
85 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 259464 | Improvements Assessment | $437,480 |
| Land Assessment | $398,028 | Total Assessment | $835,508 |
PROPERTY TAXES
Parcel Number
259464
Land Assessment
$398,028
Improvements Assessment
$437,480
Total Assessment
$835,508
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Tesla Service Center | 3605 S Padre Island Dr
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