Free-Standing Industrial Net
For Sale
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2500 Agnes St, Corpus Christi, TX 78405
Single-tenant industrial facility plus 1.7 acres of heavy industrial land, both with rail access and NNN lease terms.
Property Size23,897 SF
Lot Size3.70 Acres
Price / SF$0.08
Days on Market195
Property Features for 2500 Agnes St
General Information
Standard status
Active
Size
23,897 SF
Lot size
3.70 Acres
Property subtype
Industrial Outdoor Storage Lot / Laydown Yard (Build-to-Suit Availability)
Zoning
IH (Heavy Industrial)
Financials
Cap Rate
6.1%
Business Included
Yes
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listed By:
Matthew Cravey, SIOR, CCIM · License #TX #203443
(361) 877-2463
Source:
Craveyrealestate
Added: Apr 12
Changed: Oct 15
Last Checked: Oct 20 at 6:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthew Cravey, SIOR, CCIM
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Investment Insights
Based on property information with market context.
Fortis Net Lease presents a free-standing, single-tenant industrial asset leased to White Cap Supply, with the lease structured as NNN, leaving minimal landlord responsibilities. The property includes a 23,897 SF industrial building on 2 acres of land. The lease calls for 2% annual rental increases and includes one (1) five (5) year option to renew.
Also included is 1.7 acres of vacant, developable land zoned Heavy Industrial. Both the industrial building site and the developable land have rail access and provide easy, quick access to Corpus Christi’s major freeway systems.
The sites are offered in conjunction with a listed 6.10% cap rate for the leased industrial asset and separate pricing for the developable land. The offering location is described as approximately 5 miles from Corpus Christi International Airport, 4 miles from the Port of Corpus Christi, and 2 miles from Downtown Corpus Christi.
Also included is 1.7 acres of vacant, developable land zoned Heavy Industrial. Both the industrial building site and the developable land have rail access and provide easy, quick access to Corpus Christi’s major freeway systems.
The sites are offered in conjunction with a listed 6.10% cap rate for the leased industrial asset and separate pricing for the developable land. The offering location is described as approximately 5 miles from Corpus Christi International Airport, 4 miles from the Port of Corpus Christi, and 2 miles from Downtown Corpus Christi.
Key Highlights
- Free‑standing single‑tenant industrial building leased to White Cap Supply (NNN) with minimal landlord responsibilities.
- 23,897 SF industrial asset on 2 acres, offered at a 6.10% cap rate ($2.2MM).
- NNN lease includes 2% annual rental increases and one (1) five‑year option to renew.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,681
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,173,620
$3.2M
Cap Rate 7%
$2,266,871
$2.3M
Cap Rate 9%
$1,763,122
$1.8M
Market Conditions
NOI Build-Up for 23,897 SF
Gross rent
$200.7K $8.40/SF
− Vacancy
−$14.1K −$0.59/SF
EGI
$186.7K $7.81/SF
− OpEx
−$28.0K −$1.17/SF
NOI
$158.7K $6.64/SF
Area
Corpus Christi, TX
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,173,620
Cap Rate 7%
$2,266,871
Cap Rate 9%
$1,763,122
Alternative Uses
Best Use
Warehouse
$2.27M
$1.98M – $2.64M
NOI $158,681 @ 7.0% cap · market cap 7,934.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.69M
$4.98M – $6.63M
NOI $398,028 @ 7.0% cap · market cap 19,901.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 78405, TX
14,151
Population
6,068
Households
2.3
Avg Household Size
37
Median Age
4%
College-Educated
62%
High-School Grad
5.1 sq mi
ZIP Area
2,775
Density / Sq Mi
$37,188
Median Household Income
$25,323
Median Earnings
$1,030
Median Rent
$75,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Dpe Sel Storage Units — 905 25th St, Corpus Christi, TX 78405
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- Safe City Storage — 613 Nueces Bay Blvd, Corpus Christi, TX 78408
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial facility plus 1.7 acres of heavy industrial land, both with rail access and NNN lease terms.
Where is this warehouse located?
The property is located at 2500 Agnes St Corpus Christi, TX.
What are key features of this property?
This property features: Free‑standing single‑tenant industrial building leased to White Cap Supply (NNN) with minimal landlord responsibilities.; 23,897 SF industrial asset on 2 acres, offered at a 6.10% cap rate ($2.2MM).; NNN lease includes 2% annual rental increases and one (1) five‑year option to renew.
