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Family Dollar * REDUCED* 1519 S Port Ave

7,816 SF Retail Building Corpus Christi, TX 78405 $1,346,596 CAD ($172 CAD/SF)

Retail Space Texas Corpus Christi 1519 S Port Ave, Corpus Christi, TX 78405

Investment Highlights

  • 7% Cap Rate
  • Tenant exercised renewal early and renovated interior, showing strong commitment to location
  • Below Replacement Value ($121/sf)
  • Recent improvements made to the property

Executive Summary

Family Dollar location that was a build to suit in 2004. Tenant exercised an early 3 year extension in 2021, with the current term now expiring in December 2026. The Tenant also renovated the interior of the property in 2021, further showing strong commitment to the location. SPF roof coated in 2021 with a 15-year warranty. Two 5-year extension options remain, with 10% increases at the beginning of each renewal.

Attachments

1519 S. Port Flyer updated

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
7,816 SF
Building Class
B
Year Built
2003
Price
$1,346,596 CAD
Price Per SF
$172 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.72 AC
Zoning
I2
1 of 1
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(361) 331-7936

Contacts

  • Listing ID: 28047713

  • Date on Market: 2023-03-23

  • Last Updated:

  • Address: 1519 S Port Ave, Corpus Christi, TX 78405

The Retail Property at 1519 S Port Ave, Corpus Christi, TX 78405 is currently available for sale. Contact Joe Adame & Associates, Inc. for more information.

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Family Dollar * REDUCED* | 1519 S Port Ave
(361) 331-7936 x

Family Dollar * REDUCED* | 1519 S Port Ave

1/2

Joe Casey

(361) 331-7936

(361) 331-7936

Lily Cadena

(361) 880-5888

(361) 880-5888

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