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West Marine 7698 S Padre Island Dr 13,000 SF Retail Building Corpus Christi, TX 78412 $3,385,000 ($260.38/SF) 7.50% Cap Rate
Investment Highlights
- Corporate lease | West Marine Products, Inc. | 240+ locations across the US and Puerto Rico
- Located inside of dense retail corridor | 1.3M SF within a 2-mile radius
- Explosive population growth within 1-mile | 30.55% from 2010-2025
- Great visibility from TX Hwy-358 | 52,550 VPD
- Long operating history | Leased since 2013
- Affluent surrounding area | $93,354 average household income within a 3-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale West Marine in Corpus Cristi, TX. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
B
Year Built
2013
Price
$3,385,000
Price Per SF
$260.38
Cap Rate
7.50%
NOI
$253,890
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.34 AC
Opportunity Zone
Yes
Zoning
B-4
Parking
51 Spaces (3.92 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 380539 | Improvements Assessment | $1,358,405 |
| Land Assessment | $703,092 | Total Assessment | $2,061,497 |
Property Taxes
Parcel Number
380539
Land Assessment
$703,092
Improvements Assessment
$1,358,405
Total Assessment
$2,061,497
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Videos
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Photos
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Street
Map
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West Marine | 7698 S Padre Island Dr
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