5560 Kingpin Dr Corpus Christi, TX 78405
- Warehouses
- 9,660 SF
- 1.89 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5560 Kingpin Dr
- Year built
- 2020
- Lot size
- 1.89 lot acres
- Property size
- 9,660 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.4644
- Latitude
- 27.7776
