1519 S Port Ave, Corpus Christi, TX

Listing agent Joe Casey

Listing office Adame Commercial J***@joeadame.com Show Phone

Listing date Oct 2, 2024

Source Moodyscre

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Overview

This retail property is a Family Dollar location that was built to suit in 2004. The tenant exercised an early 3-year extension in 2021, with the current term expiring in December 2026. The tenant also renovated the interior of the property in 2021, demonstrating a strong commitment to the location. The property features an SPF roof coated in 2021 with a 15-year warranty. Two 5-year extension options remain, with 10% increases at the beginning of each renewal. The property has recent improvements.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Discount Flowers and Gifts — 2302 Laredo St, Corpus Christi, TX 78405
• Discount Flowers & Gifts — 3710 Sobey Dr, Corpus Christi, TX 78408

Location Insight

• Map
• Local Demand

City

Corpus Christi

County

Nueces

State

Texas

Longitude

-97.4209

Latitude

27.7753

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FAQs

What type of property is this?

Storefront property - Retail property with tenant renewal and recent renovations.

Where is this storefront property located?

The property is located at 1519 S Port Ave Corpus Christi, TX.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Priced below replacement value at $121/sf with a 7% Cap Rate; Tenant exercised early 3‑year extension, expiring December 2026; Tenant renovated the interior in 2021, demonstrating commitment