4130 S Alameda St Corpus Christi, TX 78411

Property Details for 4130 S Alameda St

Year built

2024

Lot size

1.52 lot acres

Property size

4,650 SF

Property type

Grocery and convenience stores

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a newly constructed (2024), 4,650 square foot 7-Eleven convenience store with an integrated Laredo Taco restaurant, situated on a 1.522-acre lot in Corpus Christi, Texas. The property boasts a prominent corner location at Everhart Rd and Alameda St, experiencing high vehicular traffic (33,500+ vehicles per day). The absolute NNN lease with 7-Eleven (S&P rated A), the world's largest convenience store operator, offers a 15-year term commencing October 1, 2024, and includes four 5-year renewal options. Rent increases of 7.5% every five years are built into the primary lease and options, ensuring consistent income growth. The property features 40 parking spaces and 8 gasoline multi-pump dispensers. Its strategic location across from an H-E-B and near a Walmart underscores its strong market position within Corpus Christi, Texas's 8th largest city, with a population exceeding 355,000. The property's Net Operating Income (NOI) is $395,920, resulting in a 5.25% capitalization rate. The asking price is $7,542,000, translating to $1,621.94 per square foot. This is a rare opportunity to acquire a high-performing, low-risk net lease investment with a blue-chip tenant in a thriving Texas market.