4701 Staples St Corpus Christi, TX 78411
- Amusement parks
- 36,864 SF
- 3.32 lot acres
Current Use by Public Records
- Urban Air Trampoline and Adventure Park / Amusement Park
Property Details for 4701 Staples St
- Year built
- 1968
- Lot size
- 3.32 lot acres
- Property size
- 36,864 SF
- Zone code
- B-4
- Property type
- Amusement parks
- APN
- 3934-0000-0030
- APU
- 393400000030
Description
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 39,000 square foot Urban Air Adventure Park in Corpus Christi, Texas. The property boasts a brand-new 10-year triple-net (NNN) lease with UA Texas LLC, commencing September 1, 2024, and expiring August 31, 2034. The lease includes a 5% rental increase in 2029, ensuring consistent NOI growth and inflation protection. With a current NOI of $462,000 and an asking price of $6,372,000, this property offers a compelling 7.25% cap rate. The property, built in 1968 and renovated in 2023, sits on a 3.32-acre lot with 171 parking spaces and is zoned CG-2 General Commercial. Its prime location at 4701 S Staples St, in a high-traffic area with over 37,600 vehicles passing daily, benefits from proximity to major retail centers like Moore Plaza (including Target and H-E-B) and La Palmera Shopping Mall. The strong tenant synergy and affluent demographics (average household income of $91,042 within a 5-mile radius) contribute to the property's exceptional investment potential. The 100% occupancy rate further solidifies its financial strength. This is a low-management investment opportunity with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.3721
- Latitude
- 27.7145
- CBSA code
- 18580
- CBSA name
- CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA
