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1733 N Padre Island Dr
Corpus Christi, TX 78408

$1,898,000 USD

Research And Development For Sale  •  14,884 SF

Property Details

  • Property Type Research And Development
  • Total Building Size 14,884 SF
  • Lot Size 2.91 AC
  • Building Class C
  • Year Built 1982
  • Tenancy Single
  • Zoning I-3
25 Transit Score
28 Walk Score

Highlights

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.

Public Transportation

AirportDriveWalkDistance
Corpus Christi International 8 min - 3.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Wayne Bares 646-770-0659 B + E
Wayne Bares 646-770-0659 B + E