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    5560 Kingpin Dr Corpus Christi, TX 78405

    For Sale
    $2,600,000

    High-yield NNN lease, strong tenant.

    Property size:
    9,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    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 Features for 5560 Kingpin Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    9,660 SF
    Lot Size
    82,328 SF

    Building Details

    Year Built
    2020
    Buildings
    1

    HighLights

    • $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.
    • Located on a 1.89‑acre lot at 5560 Kingpin Dr, Corpus Christi, TX, with two‑way access points and easy highway access.
    • Features include 2,160 SF of office space, 6,000 SF of warehouse space, 1,500 SF wash bay, 400 AMP 3‑phase power, and six 12'x14' electric overhead doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    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 property - High-yield NNN lease, strong tenant.
    Where is this distribution property 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.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5560 Kingpin Dr Corpus Christi, TX 78405
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