5425 Padre Island Dr Corpus Christi, TX 78411

This exceptional investment opportunity presents a fee-simple ownership of an 8,905-square-foot Twin Peaks restaurant located at 5425 S Padre Island Dr, Corpus Christi, TX 78411, in Nueces County. The property, built in 1991 and extensively renovated in 2015, sits on a 1.47-acre lot and boasts a 100% occupancy rate since its lease commencement on August 1, 2015. The absolute NNN lease, with a franchisee tenant, has a remaining term of 10.7 years, expiring July 31, 2035. The lease includes rent bumps, ensuring consistent income growth with 10% increases every 5 years throughout the initial and option periods. The property generates a strong net operating income (NOI) of $422,000, resulting in a compelling 4.75% cap rate. The asking price is $8,884,210.53, translating to a price per square foot of $997.67. Ample parking is available, with 122 spaces per 1,000 square feet. This prime retail location benefits from high traffic volume, exceeding 151,000 cars daily, and is situated within a thriving power center anchored by an H-E-B grocery store, alongside other national retailers such as Target, Marshall's, Old Navy, Gap, and Stein Mart. The tenant, Avalanche Food Group, is the second-largest Twin Peaks franchisee nationally, demonstrating financial stability and operational expertise. This offering provides a secure, long-term investment with built-in rent growth and minimal landlord responsibilities. The property's APN is 534200030100.