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29392687
29392688

9333 TX-44, Corpus Christi, TX 78406

DF
CA CA 02136032
SRS Real Estate Partners Newport Beach
JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Salt Lake City
$17,712,000
128 days on market
Updated 3 days ago

Amazon Distribution Facility

Details
APN 2042-0001-0010
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 137,480
Cap Rate 6%
NOI $1,062,720
Occupancy 100%
Tenancy Single
Brand/Tenant Amazon
Lease Type NNN
Lease Term 10
Lease Expiration 05/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $129
Broker Co-Op Yes
Year Built 2012
Year Renovated 2021
Acreage 29.400
Parking Spaces 574 spaces
Parking Per SqFt 4.18
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/31/2021
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

$17MM in TI | 6.20% CAP | 137,480 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a modified NNN leased, corporate guaranteed (NASDAQ: AMZN | S&P: AA), Amazon facility in Corpus Christi, TX. The tenant, Amazon.com Services, LLC recently signed a brand new 5-year extension and has 3 (5-year) options to extend remaining, demonstrating their long-term commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and providing a hedge against inflation. The lease is modified NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor in an income tax free state. The tenant is also responsible for roof leaks, parking lot restoration, and maintenance. Originally constructed in 2012, the building has been extensively remodeled with more than $16 million invested by the tenant into the buildout, and the site continues to receive ongoing improvements, including the addition of electric vehicle charging stations. Amazon is one of the world’s largest companies by revenue and market value, generating nearly $700 billion in annual sales and operating a global logistics network of approximately 1,200 facilities, highlighting the company’s unmatched scale and long-term commitment to logistics infrastructure.

The asset benefits from a strategic location along U.S. Highway 44, a primary arterial thoroughfare that services the trade area and carries traffic volumes exceeding 24,000 vehicles per day. The site also benefits from nearby access to Interstate 37 (81,200 VPD) and Leopard Street (6,900 VPD), making this an ideal, centralized location with easy commutes. The property is adjacent to Corpus Christi International Airport, a primary regional air hub that supports approximately 74,000 aircraft operations annually and serves more than 700,000 passengers per year, offering strong air connectivity for logistics and workforce access. Furthermore, the site is positioned within an established industrial corridor anchored by logistics, energy, manufacturing, and distribution users including Flint Hills Resources, LyondellBasell, Valero, Citgo, Enterprise Products, and DE Dietrich Process Systems. Strong co tenancy with regional and national operators supports sustained industrial demand and reinforces the location as a proven employment and distribution hub. Moreover, the subject is located near Northwest Corpus Christi and the Tuloso Midway trade area, which experienced population growth of more than 8% over the past decade, supporting workforce availability for industrial and logistics users. The 5-mile subject trade area is supported by more than 19,000 residents and 14,000 daytime employees who earn average household incomes of more than $89,000.

Investment highlights

  • Corporate Guaranteed | Investment Grade Tenant (S&P: AA) | 2% Annual Increases | Recent 5-Year Extension | Options to Extend

  • Modified NNN Lease | Fee Simple Ownership | No State Income Tax |Limited Landlord Responsibilities

  • Centralized Location | Dense Industrial Corridor | Nearby Airport

  • Over $16M of Tenant Invested Capital | Ongoing Improvements

  • Strong Demographics in 5-Mile Trade Area | 8% Population Growth

Listing Contacts

DF
CA CA 02136032
SRS Real Estate Partners Newport Beach
JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Salt Lake City

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,062,720.00
$88,560.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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