313 S Padre Island Dr, Corpus Christi, Texas 78405

Sale Information

Asking Price: $1,545,000

Building Size: 10,914 SQ FT

Lot Size: 174676

Cost per Square Foot: $141.56

Cap Rate: 8.00%

NOI: $123,600.00

Property Overview

Trinity REIS is pleased to present the opportunity to acquire a HERC Rental in Corpus Christi, Texas. HERC recently signed a 5-Year extension, leaving over 5 years remaining on the current term. The NN lease leaves very limited responsibilities for the landlord.

Built: 2009

Occupancy: 100%

Property Details

Key Points: HERC Equipment Rentals Building - NN Lease with 5+ Years Remaining Booming Area of Corpus Christi - 130K 5 Mile Pop with 5% Annual Growth Since 2010 Strong Credit Tenant - HERC (NYSE: HRI) Has a Market Cap Over $1B Tremendous Traffic - 72,000+ VPD in Front of Subject Property (TX-358) Large 4+ Acre Parcel in Growing Area of Corpus Christi Tenant Recently Extended Lease for Additional 5 Years Corpus Christi is Hub for Several Oil/Gas Refineries and Pipeline Companies Creating Perfect Market for Equipment Rentals Several Industrial Tenants Nearby; (Penske, Kubota, Miller Coors, FedEx, John Deere)

Broker Information

Trinity Real Estate Investment Services
Branson Blackburn

222 Exchange Ave., Suite 200
Fort Worth, Texas 76164