Listed by CBRE - San Antonio
Unpriced
7601 South Staples Street
Details
Property Type Retail
Sub Type Movie theater
Square Footage 30,192
Cap Rate 9.00%
Tenancy Single
Lease Type Absolute NNN
Year Built 2016
Buildings 1
Stories 1
Acreage 4.340
Zoning CN-1 Neighborhood Commercial
Parking Spaces 9.96 per 1,000 sq ft
Ground Lease No
Alamo Drafthouse Cinema | Absolute NNN | 9% Cap | Corpus Christi, TX
Marketing description
CBRE Capital Markets is offering for s ale the fee-simple interest in a 30,192-square-foot, seven-screen Alamo Drafthouse Cinema, located on a 4.3 4-acre parcel at 7601 S. Staples Street in Corpus Christi, Texas. The property benefits from a prime location at a busy intersection with 55,900 vehicles per
day. The lease was amended and restated on December 27, 2023, establishing a new 20-year primary term expiring December 26, 2043, leaving approximately 17.6 years remaining, with four five-year renewal options.
Investment highlights
- LONG-TERM, RECENTLY EXTENDED COMMITMENT
- BRAND RESILIENCE & INNOVATION
- ABSOLUTE NNN ZERO LANDLORD DUTIES
- STRATEGIC RETAIL HUB WITH UNRIVALED MARKET ACCESS
Website: 7601sstaplesst.com
Listing Contacts
Listed by CBRE - San Antonio
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Zoning
CN-1 CommercialNeighborhood CommercialNeighborhood Commercial
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