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- LoopNet Team
3802 S Staples St
Corpus Christi, TX 78411
Stripes · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7 Eleven, Inc. is an Investment grade Tenant with a current S&P Rating of AA- and Moody’s Rating of Baa1
- Building has operated as a convenience store since 1978
- Annual CPI rent increases (1.5% Max) on a NNN lease
- Average Daily Traffic Counts of 27,150 on S Staples and 20,140 on Doddridge
- Low Rent to Sales Ratio - Lease requires tenant to report annual sales data
- Located in a Densely Populated Area with Strong Demographics
PROPERTY FACTS
ABOUT 3802 S STAPLES ST , CORPUS CHRISTI, TX 78411
The subject property consists of 2,400 SF of improved building area on approximately 0.277 acres of total property. The improvement consists of a freestanding single-tenant building comprised of a 7-Eleven Convenience store dba Stripes. This store is located on the heavily trafficked intersection of South Staples St and Doddridge St. This site has been in operation as a convenience store for over 40 years and features historically strong sales and a low rent to sales ratio. This investment offers a qualified investor a long term investment grade opportunity with annual rent increases in a proven location. Broker of Record Stan Sewell License: 436676
PROPERTY TAXES
| Parcel Number | 286985 | Improvements Assessment | $182,548 |
| Land Assessment | $144,744 | Total Assessment | $327,292 |
PROPERTY TAXES
