5560 Kingpin Dr Corpus Christi, TX 78405
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High-yield NNN lease, strong tenant.
Property size:
9,660 SFProperty Features for 5560 Kingpin Dr
General Information
- Property type
- Distribution centers
- Square Feet
- 9,660 SF
- Lot Size
- 82,328 SF
Building Details
- Year Built
- 2020
- Buildings
- 1
Listing Agency: Gaines Organization Listing Agent: Josh Gaines
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity: a 9,660-square-foot warehouse in Corpus Christi, Texas, is available for purchase at $2,600,000. This property boasts a 6.45% cap rate and a strong net operating income (NOI) of $167,640. Built in 2020, the warehouse features approximately 2,160 square feet of office space, 6,000 square feet of warehouse space, and a 1,500-square-foot wash bay. The building includes six 12' x 14' electric overhead doors and 400 AMP 3-phase power. Situated on a 1.89-acre lot, the property offers a fenced and concrete-paved yard with two-way access points, providing convenient access to Highway access points, Read Yard, NPID, and Flato Road. The property is zoned IL - Light Industrial and is currently under a 5-year net lease (NNN) with a quality tenant, expiring February 28, 2026, leaving approximately 1.3 years remaining. The lease includes annual rent increases of 3.5%. The property's address is 5560 Kingpin Dr, Corpus Christi, TX 78405, with APN 587802. This is a turnkey investment with a solid tenant and significant upside potential.
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.464417021552
- Latitude
- 27.777644452464
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FAQs
What type of property is this?
Distribution center - High-yield NNN lease, strong tenant.
Where is this distribution center located?
The property is located at 5560 Kingpin Dr Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: $2,600,000 asking price for a Net Leased Warehouse.; 9,660 SF warehouse built in 2020 with 1.3 years remaining on a 5-year lease.; 6.45% cap rate and $167,640 annual NOI with 100% occupancy.
