Research And Development For Sale • 14,884 SF
4% annual rent escalations on a firm NNN lease through 2027 to credit tenant Eurofins Scientific, a world-leading laboratories testing company. |
Prime 14,884-SF R&D/flex asset on a 2.91-acre lot with 40 surface level parking spaces and excess land for development. |
Property is an investor's dream as landlord responsibilities will be low and Texas has a very business-friendly environment with no state income tax. |
Located amid a dense residential population of more than 84,340 within a 5-mile radius, and the property sees high traffic counts exceeding 47K VPD. |
Optionality for an investor to implement their own lease-up strategy as the current tenant has a few years remaining on their lease w/ no extensions. |
The property generates an impressive in-place net operating income north of $128,000. |
Airport | Drive | Walk | Distance |
---|---|---|---|
Corpus Christi International | 8 min | - | 3.5 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 36 |
Type: | Surface |
Included in Rent: | Yes |