Red Lobster NNN
For Sale
Contact for pricing
5825 S Padre Island Dr, Corpus Christi, TX 78412
Restaurant real estate subject to an absolute triple-net lease initiated in 2016.
Property Size8,224 SF
Lot Size1.61 Acres
Days on Market143
Property Features for 5825 S Padre Island Dr
General Information
Standard status
Active
Size
8,224 SF
Lot size
1.61 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 2:40PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property comprises a Red Lobster restaurant with approximately 8,224 rentable square feet of building area on an estimated 1.61-acre parcel. The asset is located at 5825 S Padre Island Dr, Corpus Christi, TX 78412.
The property is leased under an absolute triple-net structure, with the lease commencing on 7/27/2016. The restaurant use and existing building improvements provide a defined operating format for evaluation as an NNN property.
The property is leased under an absolute triple-net structure, with the lease commencing on 7/27/2016. The restaurant use and existing building improvements provide a defined operating format for evaluation as an NNN property.
Key Highlights
- Red Lobster restaurant property at 5825 S Padre Island Dr, Corpus Christi, TX 78412
- Approximately 8,224 rentable square feet of building space
- Estimated 1.61‑acre land parcel
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 78412, TX
38,783
Population
16,874
Households
2.3
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
4,510
Density / Sq Mi
$60,509
Median Household Income
$32,154
Median Earnings
$1,242
Median Rent
$188,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Restaurant real estate subject to an absolute triple-net lease initiated in 2016.
Where is this nnn property located?
The property is located at 5825 S Padre Island Dr Corpus Christi, TX.
What are key features of this property?
This property features: Red Lobster restaurant property at 5825 S Padre Island Dr, Corpus Christi, TX 78412; Approximately 8,224 rentable square feet of building space; Estimated 1.61‑acre land parcel
