5425 S Padre Island Dr | Corpus Christi, TX 78411
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5425 S Padre Island Dr
Corpus Christi, TX 78411
Twin Peaks Absolute NNN Offering · Retail Property For Sale
Investment Highlights
- This Trophy Location Pad Site is located in a Regional Power Center with HEB, Target, Marshalls, Old Navy, Party City, PetSmart and many others.
- 100% Fee Simple Interest with Zero Landlord Obligations
- Operated by Avalanche Food Group - an Experienced Regional Franchisee who are the 2nd Largest in the Country.
- Long Term Absolute NNN Lease with 13 Years Remaining
Executive Summary
This in an opportunity to acquire an absolute NNN leased Twin Peaks located in Corpus Christi, Texas. The long-term lease features 10% increases every 5 years in the initial
term and during the option terms with zero landlord responsibilities. The subject property is operated by Avalanche Food Group, the second
largest Twin Peaks Franchisee in the country. The tenant has a long operating history at this location and has a healthy rent-to-sales ratio of 7%.
term and during the option terms with zero landlord responsibilities. The subject property is operated by Avalanche Food Group, the second
largest Twin Peaks Franchisee in the country. The tenant has a long operating history at this location and has a healthy rent-to-sales ratio of 7%.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,905 SF
Building Class
B
Year Built
1991
Price
$8,884,211
Price Per SF
$998
Cap Rate
4.75%
NOI
$422,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.47 AC
Zoning
CG-2
Parking
122 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
91 FT on Padre Island Dr Dr
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
About 5425 S Padre Island Dr , Corpus Christi, TX 78411
This property has an 8,905 SF Twin Peaks that was remodeled in 2015. The site benefits from over 151,000 cars per day and is located in a major retail trade area. The property is located in an outparcel pad site of a power center anchored by H-E-B grocery store at the dense retail corridor of Staples St. and S Padre Island Dr. The adjacent National retailers include HEB, Target, Marshall’s, Old Navy, Gap, Stein Mart, as well as many others.
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