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28334951
28334952

4025 S Padre Island Dr, Corpus Christi, TX 78411

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$2,610,400
238 days on market
Updated 37 days ago

Concentra Urgent Care | 135,700 VPD TX-358 | 2%/YR Increases

Details
APN 969400000010
Property Type Office, Retail
Sub Type Medical Office, Storefront
Square Footage 6,163
Cap Rate 5.75%
NOI $150,098
Occupancy 100%
Brand/Tenant Concentra
Lease Type NNN
Lease Term 11.4
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options 3 x 5-Year
Price per SqFt $424
Broker Co-Op Yes
Year Renovated 2022
Acreage 0.460
Investment Type Net Lease
Lease Commencement 08/06/2020

Strong Retail Corridor | Corporate Guaranteed Lease (Mkt Cap: $2.95B)

Marketing description

Situated on the high-traffic South Padre Island Drive (16,368 VPD), this prime property boasts excellent visibility and convenient access to TX-358 (135,700 VPD), making it a highly desirable location for businesses. Positioned in a thriving retail corridor, the property benefits from proximity to major national tenants such as Best Buy, Home Depot, Sam’s Club, Chick-fil-A, and Hobby Lobby, ensuring consistent consumer activity. Additionally, the surrounding area includes multiple hotels and essential service providers, enhancing the appeal for tenants seeking strong foot traffic. Corpus Christi’s growing population, consisting of families and retirees, further drives demand for accessible healthcare, making this an ideal location for urgent care services.

This Concentra Urgent Care location benefits from a corporate-guaranteed lease (NYSE: CON – Market Cap: $2.95 Billion) with over 6.75 years remaining and three (3) five-year extension options, featuring 2% annual rental increases to hedge against inflation. The lease structure limits landlord responsibilities to the roof and structure, with a new roof installed in 2016 under a transferable 20-year warranty. Concentra, a leader in occupational health and urgent care services, invested over $650,000 in property improvements in 2022, demonstrating long-term commitment. With a surrounding 5-mile population of 215,383 and an average household income of $75,619, the site presents a strong investment opportunity in a market where urgent care centers provide cost-effective healthcare alternatives to emergency rooms.

Investment highlights

  • Situated on S Padre Island Dr (16,368 VPD) With Prime Frontage, Excellent Visibility and Convenient Access to TX-358 (135,700 VPD)

  • There Are Over 6.75 Years Remaining on the Lease With Three (3), 5-Year Options To Extend

  • Corpus Christi Has a Growing Population, Including Retirees and Families, Which Creates a Steady Demand for Accessible Healthcare; Population in a 5-Mile Radius is 215,383 With an AHHI of $75,619

  • Tenant Invested Over $650,000 in Improving This Property in 2022

  • Corporate Guaranteed Lease (NYSE: CON – Market Cap: $2.95 Billion)

  • With Over 520 Medical Centers and 130+ Onsite Clinics Nationwide, Concentra Is One of the Largest Occupational Healthcare Providers in the U.S

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,098.00
$12,508.17/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Map

Zoning

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CG-2 CommercialGeneral CommercialGeneral Commercial
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Last updated Apr 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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