4949 Greenwood Dr Corpus Christi, TX 78416-1344

Property Details for 4949 Greenwood Dr

Year built

1986

Lot size

16.97 lot acres

Property size

135,221 SF

Property type

Retail space

APN

3003-0001-0020

APU

300300010020

Description

This exceptional investment opportunity presents a fee-simple interest in a 135,221-square-foot At Home store located at 4949 Greenwood Drive, Corpus Christi, Texas. The property boasts a strong 100% occupancy rate with a single tenant, At Home, under an absolute NNN lease with 6.8 years remaining. The lease includes four, five-year renewal options with attractive 2.0% annual rent increases, ensuring consistent and growing cash flow. The property generates a substantial net operating income (NOI) of $694,936. Built in 1986, this strategically located retail space sits on a 17-acre lot and benefits from high visibility along Greenwood Drive, just off State Highway 358, experiencing approximately 107,300 vehicles per day. The property's prime location is further enhanced by its proximity to a Walmart Supercenter, Mission Plaza shopping center, and other high-performing retailers, attracting a combined 6.33 million annual visitors. The area also features two schools with over 2,400 students, contributing to a robust local demographic. This offering provides investors with a secure, long-term investment in a thriving retail market with exceptional real estate fundamentals. The average household income within a five-mile radius exceeds $75,000, reflecting the area's strong economic base. Corpus Christi is the eighth-largest metropolitan area in Texas, offering a stable and growing market for retail investments. This is a rare opportunity to acquire a core net lease asset with a national tenant and significant upside potential.